IFM Investors Pty Ltd Lowers Position in Annaly Capital Management, Inc. (NYSE:NLY)

IFM Investors Pty Ltd decreased its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 4.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 116,357 shares of the real estate investment trust’s stock after selling 5,451 shares during the period. IFM Investors Pty Ltd’s holdings in Annaly Capital Management were worth $2,291,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NLY. First Trust Direct Indexing L.P. grew its position in shares of Annaly Capital Management by 27.5% during the 1st quarter. First Trust Direct Indexing L.P. now owns 23,012 shares of the real estate investment trust’s stock valued at $453,000 after buying an additional 4,959 shares during the last quarter. Norden Group LLC acquired a new stake in Annaly Capital Management during the 1st quarter valued at $3,617,000. Redmont Wealth Advisors LLC purchased a new stake in Annaly Capital Management in the 1st quarter worth about $54,000. SeaCrest Wealth Management LLC increased its holdings in shares of Annaly Capital Management by 6.1% in the 1st quarter. SeaCrest Wealth Management LLC now owns 49,399 shares of the real estate investment trust’s stock valued at $973,000 after purchasing an additional 2,829 shares during the period. Finally, State of Michigan Retirement System lifted its position in shares of Annaly Capital Management by 2.1% in the first quarter. State of Michigan Retirement System now owns 137,031 shares of the real estate investment trust’s stock worth $2,698,000 after purchasing an additional 2,800 shares in the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO David L. Finkelstein sold 50,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $19.03, for a total value of $951,500.00. Following the completion of the sale, the chief executive officer now directly owns 662,469 shares in the company, valued at $12,606,785.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on NLY shares. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, April 18th. Jonestrading restated a “buy” rating and set a $21.00 price target on shares of Annaly Capital Management in a report on Thursday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $21.00 price target on shares of Annaly Capital Management in a research note on Monday, February 12th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $21.50 price objective on shares of Annaly Capital Management in a research report on Wednesday, March 27th. Finally, Compass Point started coverage on Annaly Capital Management in a research note on Tuesday, April 2nd. They issued a “buy” rating and a $22.00 target price on the stock. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $21.07.

Annaly Capital Management Stock Up 1.0 %

NYSE NLY traded up $0.19 during trading on Friday, hitting $18.88. 4,947,414 shares of the company traded hands, compared to its average volume of 2,951,652. Annaly Capital Management, Inc. has a 12 month low of $14.52 and a 12 month high of $21.07. The business has a fifty day simple moving average of $19.11 and a 200 day simple moving average of $18.62. The company has a market capitalization of $9.45 billion, a P/E ratio of -19.46 and a beta of 1.54. The company has a current ratio of 0.10, a quick ratio of 1.22 and a debt-to-equity ratio of 1.58.

Annaly Capital Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.77%. The ex-dividend date is Wednesday, March 27th. Annaly Capital Management’s payout ratio is -268.04%.

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.