Harbour Investments Inc. Sells 987 Shares of Annaly Capital Management Inc $NLY

Harbour Investments Inc. cut its holdings in Annaly Capital Management Inc (NYSE:NLY) by 12.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,177 shares of the real estate investment trust’s stock after selling 987 shares during the period. Harbour Investments Inc.’s holdings in Annaly Capital Management were worth $135,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of NLY. GAMMA Investing LLC boosted its holdings in Annaly Capital Management by 83.6% in the 1st quarter. GAMMA Investing LLC now owns 4,910 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 2,236 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Annaly Capital Management by 6.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 51,591 shares of the real estate investment trust’s stock valued at $1,048,000 after purchasing an additional 2,903 shares during the period. State of Alaska Department of Revenue boosted its holdings in Annaly Capital Management by 6.1% in the 1st quarter. State of Alaska Department of Revenue now owns 67,779 shares of the real estate investment trust’s stock valued at $1,376,000 after purchasing an additional 3,870 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in Annaly Capital Management by 98.7% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 64,258 shares of the real estate investment trust’s stock valued at $1,305,000 after purchasing an additional 31,914 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in Annaly Capital Management by 8.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 367,519 shares of the real estate investment trust’s stock valued at $7,464,000 after purchasing an additional 28,570 shares during the period. 51.56% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on NLY shares. Weiss Ratings reissued a “hold (c)” rating on shares of Annaly Capital Management in a report on Wednesday, October 8th. UBS Group raised their price target on shares of Annaly Capital Management from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, September 3rd. Jones Trading reissued a “buy” rating and issued a $21.00 price target on shares of Annaly Capital Management in a report on Thursday, July 24th. Keefe, Bruyette & Woods raised their price target on shares of Annaly Capital Management from $20.50 to $21.50 and gave the company an “outperform” rating in a report on Friday, July 25th. Finally, Royal Bank Of Canada raised their price objective on shares of Annaly Capital Management from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, September 15th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $21.50.

Annaly Capital Management Stock Performance

Annaly Capital Management stock opened at $21.29 on Thursday. The firm’s fifty day moving average price is $21.13 and its 200-day moving average price is $19.95. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a market cap of $13.67 billion, a P/E ratio of 21.07, a price-to-earnings-growth ratio of 4.98 and a beta of 1.25. Annaly Capital Management Inc has a fifty-two week low of $16.59 and a fifty-two week high of $22.45.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. The firm had revenue of $885.58 million for the quarter, compared to analysts’ expectations of $493.55 million. Annaly Capital Management had a net margin of 13.76% and a return on equity of 15.53%. On average, equities research analysts expect that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 13.2%. The ex-dividend date is Tuesday, September 30th. Annaly Capital Management’s dividend payout ratio (DPR) is presently 277.23%.

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.