Coastwise Capital Group LLC Buys 1,611 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Coastwise Capital Group LLC boosted its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 13.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,476 shares of the real estate investment trust’s stock after buying an additional 1,611 shares during the quarter. Coastwise Capital Group LLC’s holdings in Annaly Capital Management were worth $270,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Citigroup Inc. boosted its stake in shares of Annaly Capital Management by 22.6% in the 3rd quarter. Citigroup Inc. now owns 652,255 shares of the real estate investment trust’s stock valued at $13,091,000 after purchasing an additional 120,163 shares in the last quarter. Victory Capital Management Inc. raised its position in Annaly Capital Management by 7.4% in the 3rd quarter. Victory Capital Management Inc. now owns 2,002,975 shares of the real estate investment trust’s stock worth $40,200,000 after purchasing an additional 138,320 shares during the last quarter. Clarity Financial LLC acquired a new position in Annaly Capital Management during the 3rd quarter worth $6,687,000. PGGM Investments boosted its position in Annaly Capital Management by 152.0% in the 2nd quarter. PGGM Investments now owns 428,406 shares of the real estate investment trust’s stock valued at $8,165,000 after buying an additional 258,388 shares during the last quarter. Finally, Frank Rimerman Advisors LLC acquired a new stake in shares of Annaly Capital Management in the 2nd quarter valued at $478,000. 51.56% of the stock is currently owned by institutional investors.

Annaly Capital Management Trading Up 0.6 %

NYSE:NLY opened at $19.93 on Monday. Annaly Capital Management, Inc. has a 1 year low of $17.67 and a 1 year high of $21.11. The stock has a 50-day moving average price of $19.72 and a two-hundred day moving average price of $19.85. The stock has a market cap of $11.17 billion, a price-to-earnings ratio of -284.71 and a beta of 1.52.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results 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 net margin of 2.59% and a return on equity of 14.75%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $212.00 million. During the same period in the previous year, the firm posted $0.66 EPS. Sell-side analysts forecast that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 13.05%. The ex-dividend date of this dividend was Monday, September 30th. Annaly Capital Management’s dividend payout ratio (DPR) is presently -3,714.29%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NLY. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. Argus upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Thursday, October 31st. Wells Fargo & Company upgraded shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $19.00 to $23.00 in a research report on Friday, September 20th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.33.

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.