ZWJ Investment Counsel Inc. cut its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 28.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,400 shares of the real estate investment trust’s stock after selling 9,500 shares during the period. ZWJ Investment Counsel Inc.’s holdings in Annaly Capital Management were worth $294,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Sheets Smith Wealth Management increased its stake in shares of Annaly Capital Management by 0.6% in the second quarter. Sheets Smith Wealth Management now owns 11,119 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 67 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of Annaly Capital Management by 0.8% in the first quarter. Fisher Asset Management LLC now owns 10,315 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 85 shares in the last quarter. Brown Advisory Securities LLC increased its stake in shares of Annaly Capital Management by 1.3% in the first quarter. Brown Advisory Securities LLC now owns 11,171 shares of the real estate investment trust’s stock worth $125,000 after buying an additional 144 shares in the last quarter. Laurel Wealth Advisors Inc. increased its stake in shares of Annaly Capital Management by 1.1% in the first quarter. Laurel Wealth Advisors Inc. now owns 16,316 shares of the real estate investment trust’s stock worth $181,000 after buying an additional 173 shares in the last quarter. Finally, Capstone Asset Management Co. increased its stake in shares of Annaly Capital Management by 1.2% in the second quarter. Capstone Asset Management Co. now owns 24,126 shares of the real estate investment trust’s stock worth $291,000 after buying an additional 280 shares in the last quarter. 52.97% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Annaly Capital Management Inc (NLY) opened at 12.34 on Monday. The firm has a market cap of $13.43 billion, a P/E ratio of 4.27 and a beta of 0.28. Annaly Capital Management Inc has a 12-month low of $9.83 and a 12-month high of $12.73. The company’s 50 day moving average price is $12.12 and its 200 day moving average price is $11.58.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.30. Annaly Capital Management had a net margin of 121.84% and a return on equity of 11.33%. The business had revenue of $315.15 million during the quarter, compared to the consensus estimate of $424.18 million. During the same quarter last year, the firm earned $0.29 earnings per share. Equities research analysts forecast that Annaly Capital Management Inc will post $1.20 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Friday, June 30th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.72%. The ex-dividend date was Wednesday, June 28th. Annaly Capital Management’s dividend payout ratio is 41.52%.

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A number of brokerages have weighed in on NLY. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $11.25 target price on shares of Annaly Capital Management in a report on Thursday, August 3rd. BidaskClub raised Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Finally, Zacks Investment Research raised Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $11.41.

In other news, Director Donnell Segalas purchased 8,000 shares of Annaly Capital Management stock in a transaction that occurred on Monday, August 7th. The stock was bought at an average price of $12.09 per share, with a total value of $96,720.00. Following the completion of the transaction, the director now directly owns 84,150 shares of the company’s stock, valued at $1,017,373.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Francine J. Bovich purchased 13,500 shares of Annaly Capital Management stock in a transaction that occurred on Thursday, August 17th. The shares were purchased at an average cost of $12.29 per share, with a total value of $165,915.00. Following the transaction, the director now directly owns 13,500 shares of the company’s stock, valued at $165,915. The disclosure for this purchase can be found here. Insiders have acquired 39,200 shares of company stock valued at $477,513 in the last ninety days. Insiders own 0.43% of the company’s stock.

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.

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

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