Annaly Capital Management Inc (NYSE:NLY) Shares Sold by Sowell Financial Services LLC

Sowell Financial Services LLC decreased its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 31.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,073 shares of the real estate investment trust’s stock after selling 12,541 shares during the period. Sowell Financial Services LLC’s holdings in Annaly Capital Management were worth $319,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of Annaly Capital Management by 5,238.7% in the first quarter. BlackRock Inc. now owns 92,084,652 shares of the real estate investment trust’s stock worth $1,023,059,000 after buying an additional 90,359,815 shares during the last quarter. Vanguard Group Inc. raised its stake in Annaly Capital Management by 4.8% in the first quarter. Vanguard Group Inc. now owns 82,592,638 shares of the real estate investment trust’s stock worth $917,603,000 after buying an additional 3,810,179 shares during the period. State Street Corp raised its stake in Annaly Capital Management by 4.4% in the first quarter. State Street Corp now owns 27,784,006 shares of the real estate investment trust’s stock worth $308,680,000 after buying an additional 1,181,556 shares during the period. APG Asset Management N.V. raised its stake in Annaly Capital Management by 7.4% in the first quarter. APG Asset Management N.V. now owns 14,015,660 shares of the real estate investment trust’s stock worth $155,714,000 after buying an additional 960,950 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Annaly Capital Management by 21.1% in the first quarter. Renaissance Technologies LLC now owns 10,384,526 shares of the real estate investment trust’s stock worth $115,372,000 after buying an additional 1,808,817 shares during the period. Institutional investors own 54.83% of the company’s stock.

Annaly Capital Management Inc (NYSE NLY) opened at 12.33 on Friday. The firm’s 50-day moving average is $11.98 and its 200 day moving average is $11.11. The stock has a market cap of $12.56 billion, a P/E ratio of 4.61 and a beta of 0.28. Annaly Capital Management Inc has a one year low of $9.83 and a one year high of $12.73.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by $0.01. The business had revenue of $389.30 million for the quarter, compared to the consensus estimate of $424.77 million. Annaly Capital Management had a net margin of 113.76% and a return on equity of 11.08%. During the same period in the previous year, the firm earned $0.30 EPS. On average, analysts anticipate that Annaly Capital Management Inc will post $1.16 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Friday, June 30th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 9.73%. The ex-dividend date is Wednesday, June 28th. Annaly Capital Management’s payout ratio is currently 46.51%.

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A number of brokerages have recently commented on NLY. BidaskClub raised shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Zacks Investment Research raised shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $11.25 price target on shares of Annaly Capital Management in a research report on Friday, June 30th. Vetr cut shares of Annaly Capital Management from a “buy” rating to a “hold” rating and set a $11.60 price target for the company. in a research report on Tuesday, April 4th. Finally, Instinet raised their target price on shares of Annaly Capital Management from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, March 28th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Annaly Capital Management has a consensus rating of “Hold” and a consensus price target of $11.32.

About Annaly Capital Management

Annaly Capital Management, Inc is a mortgage real estate investment trust (REIT). The Company owns a portfolio of real estate related investments. Its investment groups primarily consist of Agency, which invests primarily in various types of Agency mortgage-backed securities and related derivatives to hedge these investments; Residential credit, which invests primarily in non-Agency mortgage-backed assets within securitized products and residential mortgage loan markets; Commercial real estate, which originates and invests in commercial mortgage loans, securities, and other commercial real estate investments, and Middle market, which provides customized debt financing to middle-market businesses.

Institutional Ownership by Quarter for Annaly Capital Management (NYSE:NLY)

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