JPMorgan Chase & Co. trimmed its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 62.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 509,013 shares of the real estate investment trust’s stock after selling 842,574 shares during the period. JPMorgan Chase & Co.’s holdings in Annaly Capital Management were worth $6,134,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of NLY. Suntrust Banks Inc. acquired a new stake in shares of Annaly Capital Management during the first quarter worth $152,000. Comerica Bank raised its holdings in shares of Annaly Capital Management by 13.9% during the first quarter. Comerica Bank now owns 104,449 shares of the real estate investment trust’s stock worth $1,252,000 after acquiring an additional 12,743 shares during the period. UBS Asset Management Americas Inc. raised its holdings in shares of Annaly Capital Management by 5.8% during the first quarter. UBS Asset Management Americas Inc. now owns 6,270,120 shares of the real estate investment trust’s stock worth $69,661,000 after acquiring an additional 341,636 shares during the period. Sei Investments Co. raised its holdings in shares of Annaly Capital Management by 1,803.0% during the first quarter. Sei Investments Co. now owns 80,345 shares of the real estate investment trust’s stock worth $893,000 after acquiring an additional 76,123 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in shares of Annaly Capital Management by 66.9% during the first quarter. Ameriprise Financial Inc. now owns 751,364 shares of the real estate investment trust’s stock worth $8,354,000 after acquiring an additional 301,232 shares during the period. Institutional investors and hedge funds own 51.34% of the company’s stock.

Annaly Capital Management Inc (NYSE NLY) opened at 12.33 on Thursday. Annaly Capital Management Inc has a 52-week low of $9.83 and a 52-week high of $12.73. The company has a 50-day moving average of $12.37 and a 200-day moving average of $11.96. The company has a market cap of $13.42 billion, a P/E ratio of 4.26 and a beta of 0.28.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. Annaly Capital Management had a net margin of 121.84% and a return on equity of 11.33%. The firm had revenue of $315.15 million for the quarter, compared to the consensus estimate of $424.18 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. On average, equities research analysts expect that Annaly Capital Management Inc will post $1.20 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.20 annualized dividend and a yield of 9.73%. Annaly Capital Management’s payout ratio is 41.52%.

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In other Annaly Capital Management news, insider David L. Finkelstein acquired 100,000 shares of the stock in a transaction on Friday, September 1st. The shares were purchased at an average price of $12.49 per share, for a total transaction of $1,249,000.00. Following the completion of the acquisition, the insider now owns 300,000 shares in the company, valued at approximately $3,747,000. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Donnell Segalas acquired 8,000 shares of the stock in a transaction on Monday, August 7th. The shares were acquired at an average price of $12.09 per share, for a total transaction of $96,720.00. Following the acquisition, the director now owns 84,150 shares of the company’s stock, valued at approximately $1,017,373.50. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 139,200 shares of company stock worth $1,726,513. Corporate insiders own 0.43% of the company’s stock.

A number of equities research analysts recently commented on the stock. BidaskClub upgraded shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 10th. ValuEngine upgraded shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Zacks Investment Research upgraded shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $11.25 price objective on shares of Annaly Capital Management in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $11.69.

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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