SeaCrest Wealth Management LLC Decreases Stock Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

SeaCrest Wealth Management LLC lowered its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 10.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,101 shares of the real estate investment trust’s stock after selling 5,708 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Annaly Capital Management were worth $862,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Toth Financial Advisory Corp increased its holdings in shares of Annaly Capital Management by 31.8% in the third quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 576 shares during the period. Wesbanco Bank Inc. boosted its position in Annaly Capital Management by 2.8% in the third quarter. Wesbanco Bank Inc. now owns 21,314 shares of the real estate investment trust’s stock valued at $428,000 after buying an additional 584 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its position in Annaly Capital Management by 3.0% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 20,537 shares of the real estate investment trust’s stock valued at $391,000 after buying an additional 597 shares during the last quarter. UMB Bank n.a. increased its holdings in Annaly Capital Management by 70.2% in the 3rd quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 647 shares during the period. Finally, First Citizens Bank & Trust Co. raised its position in Annaly Capital Management by 5.3% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 13,006 shares of the real estate investment trust’s stock worth $261,000 after buying an additional 653 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Price Performance

NLY opened at $18.72 on Thursday. The company’s 50 day simple moving average is $19.30 and its two-hundred day simple moving average is $19.68. The firm has a market capitalization of $10.49 billion, a price-to-earnings ratio of -267.43 and a beta of 1.51. Annaly Capital Management, Inc. has a 1-year low of $17.67 and a 1-year high of $21.11.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $212.00 million. During the same period last year, the firm posted $0.66 EPS. On average, equities analysts anticipate that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a $0.65 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $2.60 annualized dividend and a yield of 13.89%. Annaly Capital Management’s payout ratio is -3,714.29%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on NLY shares. JPMorgan Chase & Co. cut their target price on shares of Annaly Capital Management from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Monday, December 9th. Argus upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Thursday, October 31st. Wells Fargo & Company raised shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $19.00 to $23.00 in a research note on Friday, September 20th. Finally, Barclays began coverage on Annaly Capital Management in a research note on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price target for the company. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $21.22.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.