Kovack Advisors Inc. Has $732,000 Stake in Annaly Capital Management, Inc. (NYSE:NLY)

Kovack Advisors Inc. lowered its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 36,482 shares of the real estate investment trust’s stock after selling 857 shares during the quarter. Kovack Advisors Inc.’s holdings in Annaly Capital Management were worth $732,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in NLY. Beaird Harris Wealth Management LLC lifted its position in 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 worth $56,000 after buying an additional 500 shares in the last quarter. Redmont Wealth Advisors LLC raised its stake in shares of Annaly Capital Management by 20.6% in the second quarter. Redmont Wealth Advisors LLC now owns 3,279 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 559 shares during the last quarter. Toth Financial Advisory Corp lifted its position in shares of Annaly Capital Management by 31.8% during the third quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 576 shares in the last quarter. Wesbanco Bank Inc. grew its stake in shares of Annaly Capital Management by 2.8% during the third quarter. Wesbanco Bank Inc. now owns 21,314 shares of the real estate investment trust’s stock valued at $428,000 after purchasing an additional 584 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Annaly Capital Management by 3.0% during 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 purchasing an additional 597 shares during the last quarter. Institutional investors own 51.56% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on NLY shares. StockNews.com cut shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Compass Point boosted their target price on Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a research report on Friday, July 26th. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. Argus upgraded 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. Finally, Wells Fargo & Company upgraded shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $19.00 to $23.00 in a research report on Friday, September 20th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Annaly Capital Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.33.

Annaly Capital Management Trading Up 0.7 %

Annaly Capital Management stock opened at $19.62 on Thursday. The firm has a market capitalization of $11.00 billion, a P/E ratio of -280.21 and a beta of 1.52. The business has a 50-day moving average of $19.89 and a 200-day moving average of $19.83. Annaly Capital Management, Inc. has a 1 year low of $17.23 and a 1 year high of $21.11.

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

Annaly Capital Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a $0.65 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.60 annualized dividend and a dividend yield of 13.26%. Annaly Capital Management’s dividend payout ratio (DPR) is currently -3,714.29%.

Insider Buying and Selling

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

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.