Key Client Fiduciary Advisors LLC Acquires 14,955 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Key Client Fiduciary Advisors LLC increased its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 10.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 155,579 shares of the real estate investment trust’s stock after acquiring an additional 14,955 shares during the quarter. Annaly Capital Management comprises approximately 1.4% of Key Client Fiduciary Advisors LLC’s holdings, making the stock its 13th largest holding. Key Client Fiduciary Advisors LLC’s holdings in Annaly Capital Management were worth $3,122,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Annaly Capital Management by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 49,300,019 shares of the real estate investment trust’s stock valued at $954,941,000 after acquiring an additional 1,619,729 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its stake in shares of Annaly Capital Management by 29.9% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 26,900 shares of the real estate investment trust’s stock valued at $539,000 after purchasing an additional 6,191 shares in the last quarter. CWM LLC raised its stake in shares of Annaly Capital Management by 138.8% in the first quarter. CWM LLC now owns 12,158 shares of the real estate investment trust’s stock valued at $239,000 after purchasing an additional 7,067 shares in the last quarter. Rise Advisors LLC bought a new position in Annaly Capital Management in the first quarter worth $29,000. Finally, Gateway Investment Advisers LLC boosted its stake in Annaly Capital Management by 291.4% during the first quarter. Gateway Investment Advisers LLC now owns 143,098 shares of the real estate investment trust’s stock worth $2,818,000 after buying an additional 106,542 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Stock Up 0.6 %

NLY traded up $0.13 during trading on Friday, hitting $20.28. The company’s stock had a trading volume of 4,021,020 shares, compared to its average volume of 4,025,495. The stock has a market capitalization of $10.15 billion, a price-to-earnings ratio of -20.91 and a beta of 1.51. The firm’s 50 day moving average price is $20.11 and its two-hundred day moving average price is $19.73. Annaly Capital Management, Inc. has a 12 month low of $14.52 and a 12 month high of $21.11.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.02. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $318.00 million. Annaly Capital Management had a positive return on equity of 15.24% and a negative net margin of 12.02%. During the same period in the previous year, the business posted $0.72 earnings per share. On average, sell-side analysts forecast that Annaly Capital Management, Inc. will post 2.66 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 12.82%. Annaly Capital Management’s payout ratio is -268.04%.

Insider Activity

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $20.05, for a total transaction of $1,002,500.00. Following the transaction, the chief executive officer now owns 612,469 shares of the company’s stock, valued at approximately $12,280,003.45. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.21% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. StockNews.com downgraded Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Wells Fargo & Company raised 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 report on Friday, September 20th. Compass Point boosted their price target on Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. upped their price target on Annaly Capital Management from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Annaly Capital Management presently has an average rating of “Moderate Buy” and an average price target of $21.50.

Annaly Capital Management 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.