Sequoia Financial Advisors LLC Has $291,000 Position in Annaly Capital Management Inc. (NLY)
Sequoia Financial Advisors LLC raised its position in Annaly Capital Management Inc. (NYSE:NLY) by 141.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,252 shares of the company’s stock after buying an additional 15,373 shares during the period. Sequoia Financial Advisors LLC’s holdings in Annaly Capital Management were worth $291,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of NLY. Telemus Capital LLC increased its stake in shares of Annaly Capital Management by 3.1% in the second quarter. Telemus Capital LLC now owns 10,918 shares of the company’s stock worth $121,000 after buying an additional 326 shares during the period. Athena Capital Advisors LLC increased its stake in Annaly Capital Management by 2.9% in the second quarter. Athena Capital Advisors LLC now owns 11,057 shares of the company’s stock worth $122,000 after buying an additional 313 shares during the last quarter. Financial Architects Inc increased its stake in Annaly Capital Management by 369.2% in the second quarter. Financial Architects Inc now owns 12,200 shares of the company’s stock worth $135,000 after buying an additional 9,600 shares during the last quarter. Community Bank & Trust Waco Texas increased its stake in Annaly Capital Management by 8.6% in the second quarter. Community Bank & Trust Waco Texas now owns 12,654 shares of the company’s stock worth $140,000 after buying an additional 1,000 shares during the last quarter. Finally, RNC Capital Management LLC purchased a new stake in Annaly Capital Management during the second quarter worth $160,000. Institutional investors own 54.13% of the company’s stock.
Shares of Annaly Capital Management Inc. (NYSE:NLY) remained flat at $10.10 on Tuesday. 4,018,006 shares of the stock traded hands. The stock has a 50 day moving average price of $10.50 and a 200 day moving average price of $10.68. The firm’s market capitalization is $10.05 billion. Annaly Capital Management Inc. has a 1-year low of $8.25 and a 1-year high of $11.29.
Annaly Capital Management (NYSE:NLY) last issued its earnings results on Wednesday, August 3rd. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.01. Annaly Capital Management had a negative net margin of 68.57% and a positive return on equity of 10.85%. During the same period in the prior year, the company posted $0.41 earnings per share. Analysts predict that Annaly Capital Management Inc. will post $1.18 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, September 30th will be issued a $0.2641 dividend. This represents a $1.06 annualized dividend and a yield of 10.46%. The ex-dividend date of this dividend is Wednesday, September 28th. Annaly Capital Management’s dividend payout ratio is currently -83.46%.
A number of equities research analysts have weighed in on NLY shares. Zacks Investment Research upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Wednesday, October 12th. JPMorgan Chase & Co. restated a “hold” rating and set a $11.00 price target on shares of Annaly Capital Management in a research report on Friday, August 5th. Credit Suisse Group AG restated a “hold” rating and set a $11.50 price target on shares of Annaly Capital Management in a research report on Friday, September 9th. Deutsche Bank AG raised their price target on Annaly Capital Management from $10.50 to $11.00 and gave the company a “hold” rating in a research report on Friday, August 12th. Finally, Keefe, Bruyette & Woods raised their price target on Annaly Capital Management from $11.00 to $11.50 and gave the company a “market perform” rating in a research report on Monday, August 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $11.00.
Annaly Capital Management Company Profile
Annaly Capital Management, Inc (Annaly) is a mortgage real estate investment trust (REIT). The Company’s principal business objectives are to generate net income for distribution to its stockholders from its investments and capital preservation. Its portfolio also includes residential credit investments, such as credit risk transfer securities and non-agency mortgage-backed securities.
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