Annaly Capital Management Inc (NLY) Shares Sold by United Services Automobile Association

United Services Automobile Association cut its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 60.9% during the first quarter, Holdings Channel reports. The firm owned 389,983 shares of the real estate investment trust’s stock after selling 607,143 shares during the period. United Services Automobile Association’s holdings in Annaly Capital Management were worth $4,333,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in NLY. Pitcairn Co. increased its stake in shares of Annaly Capital Management by 3.1% in the fourth quarter. Pitcairn Co. now owns 15,591 shares of the real estate investment trust’s stock valued at $155,000 after buying an additional 471 shares in the last quarter. Aberdeen Asset Management PLC UK increased its stake in shares of Annaly Capital Management by 17.2% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 319,285 shares of the real estate investment trust’s stock valued at $3,184,000 after buying an additional 46,809 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in shares of Annaly Capital Management by 10.8% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 45,116 shares of the real estate investment trust’s stock valued at $450,000 after buying an additional 4,410 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Annaly Capital Management by 1.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 1,597,575 shares of the real estate investment trust’s stock valued at $15,928,000 after buying an additional 16,100 shares in the last quarter. Finally, Comerica Bank increased its stake in shares of Annaly Capital Management by 66.1% in the fourth quarter. Comerica Bank now owns 91,706 shares of the real estate investment trust’s stock valued at $931,000 after buying an additional 36,503 shares in the last quarter. Institutional investors and hedge funds own 54.89% of the company’s stock.

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

Annaly Capital Management Inc (NLY) traded up 0.16% on Friday, reaching $12.36. The company had a trading volume of 14,607,960 shares. Annaly Capital Management Inc has a 12 month low of $9.83 and a 12 month high of $12.45. The stock has a market capitalization of $12.59 billion, a price-to-earnings ratio of 4.62 and a beta of 0.31. The firm has a 50 day moving average price of $11.76 and a 200-day moving average price of $10.97.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ 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 return on equity of 11.08% and a net margin of 113.76%. During the same quarter in the prior year, the firm posted $0.30 earnings per share. Analysts forecast that Annaly Capital Management Inc will post $1.16 earnings per share 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 issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.20 annualized dividend and a yield of 9.71%. Annaly Capital Management’s dividend payout ratio is presently 46.51%.

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Several brokerages have recently commented on NLY. BidaskClub raised Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 10th. Zacks Investment Research downgraded Annaly Capital Management from a “hold” rating to a “sell” rating in a report on Monday, May 1st. Keefe, Bruyette & Woods set a $11.00 target price on Annaly Capital Management and gave the company a “hold” rating in a report on Thursday, April 6th. Instinet upped their target price on Annaly Capital Management from $11.00 to $12.00 and gave the company a “buy” rating in a report on Tuesday, March 28th. Finally, Vetr downgraded Annaly Capital Management from a “buy” rating to a “hold” rating and set a $11.60 target price for the company. in a report on Tuesday, April 4th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $11.29.

Annaly Capital Management Company Profile

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.

Want to see what other hedge funds are holding NLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Annaly Capital Management Inc (NYSE:NLY).

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