LPL Financial LLC reduced its position in Annaly Capital Management, Inc. (NYSE:NLY) by 8.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 595,717 shares of the real estate investment trust’s stock after selling 55,668 shares during the period. LPL Financial LLC owned approximately 0.05% of Annaly Capital Management worth $7,083,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Salem Investment Counselors Inc. bought a new position in shares of Annaly Capital Management in the 3rd quarter worth $100,000. Barrett Asset Management LLC bought a new position in shares of Annaly Capital Management in the 4th quarter worth $107,000. Staley Capital Advisers Inc. bought a new position in shares of Annaly Capital Management in the 3rd quarter worth $126,000. Garrison Bradford & Associates Inc. bought a new position in shares of Annaly Capital Management in the 4th quarter worth $125,000. Finally, Advisor Partners LLC bought a new position in shares of Annaly Capital Management in the 4th quarter worth $122,000. Institutional investors own 60.05% of the company’s stock.

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Annaly Capital Management, Inc. (NLY) opened at $10.55 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.03 and a current ratio of 0.03. Annaly Capital Management, Inc. has a 52 week low of $10.00 and a 52 week high of $12.73. The firm has a market capitalization of $12,222.43, a price-to-earnings ratio of 8.64, a price-to-earnings-growth ratio of 7.38 and a beta of 0.10.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Wednesday, February 14th. The real estate investment trust reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.01. Annaly Capital Management had a return on equity of 11.66% and a net margin of 72.18%. The business had revenue of $426.71 million for the quarter, compared to analysts’ expectations of $370.80 million. During the same period last year, the business earned $0.30 EPS. The business’s revenue was down 31.6% on a year-over-year basis. equities research analysts anticipate that Annaly Capital Management, Inc. will post 1.17 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Thursday, March 29th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 11.37%. The ex-dividend date is Wednesday, March 28th. Annaly Capital Management’s dividend payout ratio (DPR) is presently 90.23%.

In related news, insider Anthony C. Green acquired 23,250 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were acquired at an average cost of $10.42 per share, for a total transaction of $242,265.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.43% of the stock is currently owned by company insiders.

A number of brokerages recently issued reports on NLY. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Annaly Capital Management in a report on Friday, February 16th. Zacks Investment Research cut Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Compass Point upgraded Annaly Capital Management from a “sell” rating to a “neutral” rating in a report on Tuesday, February 13th. Finally, Bank of America upgraded Annaly Capital Management from an “underperform” rating to a “neutral” rating in a report on Thursday, February 1st. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $12.21.

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

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