Beacon Financial Advisory LLC Lowers Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Beacon Financial Advisory LLC lessened its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 5.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 18,165 shares of the real estate investment trust’s stock after selling 958 shares during the quarter. Beacon Financial Advisory LLC’s holdings in Annaly Capital Management were worth $365,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. 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 in the last quarter. Quarry LP bought a new stake in Annaly Capital Management in the 2nd quarter worth about $36,000. EverSource Wealth Advisors LLC increased its holdings in Annaly Capital Management by 107.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,077 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 1,076 shares in the last quarter. Toth Financial Advisory Corp increased its holdings in Annaly Capital Management by 31.8% in the 3rd quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 576 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC grew its stake in shares of Annaly Capital Management by 21.4% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,837 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Insider Activity

In other news, CEO David L. Finkelstein sold 50,000 shares of Annaly Capital Management stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $20.05, for a total value of $1,002,500.00. Following the sale, the chief executive officer now directly owns 612,469 shares of the company’s stock, valued at approximately $12,280,003.45. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.21% of the company’s stock.

Annaly Capital Management Stock Down 1.1 %

Shares of Annaly Capital Management stock opened at $19.06 on Thursday. The stock’s 50-day simple moving average is $19.96 and its 200-day simple moving average is $19.80. Annaly Capital Management, Inc. has a 52 week low of $16.76 and a 52 week high of $21.11. The company has a market capitalization of $10.68 billion, a price-to-earnings ratio of -272.21 and a beta of 1.52.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.66 EPS for the quarter, missing the consensus estimate 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 business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $212.00 million. During the same quarter in the previous year, the firm earned $0.66 earnings per share. On average, equities analysts expect that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were given a $0.65 dividend. The ex-dividend date was Monday, September 30th. This represents a $2.60 annualized dividend and a dividend yield of 13.64%. Annaly Capital Management’s payout ratio is -3,714.29%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on NLY shares. Compass Point raised their price objective on shares of Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a report on Friday, July 26th. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. StockNews.com downgraded Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. lowered their target price on Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Finally, Wells Fargo & Company upgraded Annaly Capital Management from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $19.00 to $23.00 in a research report on Friday, September 20th. Three equities 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 presently has an average rating of “Moderate Buy” and an average price target of $21.33.

About Annaly Capital Management

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.