Sigma Planning Corp lessened its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 22.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 72,715 shares of the real estate investment trust’s stock after selling 20,746 shares during the period. Sigma Planning Corp’s holdings in Annaly Capital Management were worth $865,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. Cetera Investment Advisers boosted its position in Annaly Capital Management by 2.8% in the 2nd quarter. Cetera Investment Advisers now owns 18,135 shares of the real estate investment trust’s stock valued at $217,000 after buying an additional 500 shares during the period. Advisory Services Network LLC boosted its position in Annaly Capital Management by 9.0% in the 2nd quarter. Advisory Services Network LLC now owns 9,757 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 806 shares during the period. Toronto Dominion Bank boosted its position in Annaly Capital Management by 12.3% in the 2nd quarter. Toronto Dominion Bank now owns 12,521 shares of the real estate investment trust’s stock valued at $151,000 after buying an additional 1,372 shares during the period. Daiwa SB Investments Ltd. boosted its position in Annaly Capital Management by 42.8% in the 4th quarter. Daiwa SB Investments Ltd. now owns 16,840 shares of the real estate investment trust’s stock valued at $200,000 after buying an additional 5,050 shares during the period. Finally, Comerica Bank boosted its position in Annaly Capital Management by 5.9% in the 3rd quarter. Comerica Bank now owns 103,961 shares of the real estate investment trust’s stock valued at $1,202,000 after buying an additional 5,801 shares during the period. 55.49% of the stock is owned by institutional investors.
In other news, CFO Glenn Votek acquired 25,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was acquired at an average cost of $11.73 per share, with a total value of $293,250.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Wellington Denahan acquired 125,280 shares of the firm’s stock in a transaction dated Thursday, December 7th. The shares were purchased at an average cost of $11.97 per share, with a total value of $1,499,601.60. Following the completion of the transaction, the chairman now owns 1,798,414 shares in the company, valued at approximately $21,527,015.58. The disclosure for this purchase can be found here. 0.43% of the stock is currently owned by insiders.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, December 28th. This represents a $1.20 annualized dividend and a dividend yield of 11.62%. Annaly Capital Management’s dividend payout ratio (DPR) is currently 48.00%.
Several equities research analysts have recently issued reports on NLY shares. ValuEngine cut shares of Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 26th. Zacks Investment Research cut shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Bank of America raised shares of Annaly Capital Management from an “underperform” rating to a “neutral” rating in a research report on Thursday, February 1st. Finally, Compass Point raised shares of Annaly Capital Management from a “sell” rating to a “neutral” rating in a research report on Tuesday. Six research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $12.21.
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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.
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