Edgestream Partners L.P. increased its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY – Free Report) by 30.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 111,932 shares of the real estate investment trust’s stock after buying an additional 25,798 shares during the period. Edgestream Partners L.P.’s holdings in Annaly Capital Management were worth $2,240,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its holdings in shares of Annaly Capital Management by 16.4% in the 2nd quarter. Quadrant Capital Group LLC now owns 6,419 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 903 shares during the period. Private Advisor Group LLC lifted its position in shares of Annaly Capital Management by 2.0% during the 2nd quarter. Private Advisor Group LLC now owns 89,861 shares of the real estate investment trust’s stock valued at $1,798,000 after buying an additional 1,762 shares during the last quarter. Cetera Advisors LLC lifted its position in shares of Annaly Capital Management by 4.4% during the 2nd quarter. Cetera Advisors LLC now owns 579,515 shares of the real estate investment trust’s stock valued at $11,596,000 after buying an additional 24,467 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Annaly Capital Management by 5.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,956,577 shares of the real estate investment trust’s stock worth $59,161,000 after acquiring an additional 160,599 shares during the period. Finally, Karpas Strategies LLC increased its holdings in Annaly Capital Management by 1.9% in the 2nd quarter. Karpas Strategies LLC now owns 173,399 shares of the real estate investment trust’s stock worth $3,470,000 after acquiring an additional 3,155 shares during the last quarter. Institutional investors own 49.16% of the company’s stock.
Insider Buying and Selling
In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of Annaly Capital Management stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $17.04, for a total transaction of $852,000.00. Following the completion of the sale, the chief executive officer now directly owns 545,259 shares in the company, valued at $9,291,213.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.31% of the stock is owned by company insiders.
Annaly Capital Management Price Performance
Annaly Capital Management Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 14.60%. The ex-dividend date was Thursday, September 28th. Annaly Capital Management’s payout ratio is -55.44%.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on NLY shares. Royal Bank of Canada cut their target price on shares of Annaly Capital Management from $22.00 to $18.00 and set an “outperform” rating for the company in a research report on Tuesday, October 31st. StockNews.com assumed coverage on shares of Annaly Capital Management in a report on Thursday, October 5th. They set a “sell” rating on the stock. UBS Group upgraded Annaly Capital Management from a “neutral” rating to a “buy” rating and increased their target price for the stock from $21.00 to $24.00 in a research report on Monday, September 18th. Piper Sandler lifted their price target on Annaly Capital Management from $21.50 to $22.00 in a research report on Friday, July 28th. Finally, Jonestrading reissued a “buy” rating and set a $21.00 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, one has given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $21.71.
About Annaly Capital Management
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; residential mortgage loans; and agency or private label credit risk transfer securities.
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