Koshinski Asset Management Inc. Invests $486,000 in Annaly Capital Management Inc $NLY

Koshinski Asset Management Inc. acquired a new stake in shares of Annaly Capital Management Inc (NYSE:NLY) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,050 shares of the real estate investment trust’s stock, valued at approximately $486,000.

Several other institutional investors and hedge funds have also bought and sold shares of NLY. ProShare Advisors LLC grew its stake in shares of Annaly Capital Management by 1.8% during the 3rd quarter. ProShare Advisors LLC now owns 27,309 shares of the real estate investment trust’s stock valued at $552,000 after purchasing an additional 481 shares during the period. MCF Advisors LLC grew its position in Annaly Capital Management by 41.6% during the third quarter. MCF Advisors LLC now owns 1,688 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 496 shares during the period. Jupiter Wealth Management LLC increased its holdings in Annaly Capital Management by 3.4% during the second quarter. Jupiter Wealth Management LLC now owns 16,621 shares of the real estate investment trust’s stock valued at $347,000 after buying an additional 551 shares during the last quarter. Apollon Wealth Management LLC increased its holdings in Annaly Capital Management by 3.5% during the third quarter. Apollon Wealth Management LLC now owns 16,638 shares of the real estate investment trust’s stock valued at $336,000 after buying an additional 562 shares during the last quarter. Finally, Flagship Harbor Advisors LLC raised its position in Annaly Capital Management by 3.9% in the third quarter. Flagship Harbor Advisors LLC now owns 15,063 shares of the real estate investment trust’s stock worth $304,000 after acquiring an additional 567 shares during the period. 51.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NLY. Keefe, Bruyette & Woods boosted their price objective on shares of Annaly Capital Management from $23.25 to $25.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Annaly Capital Management in a research report on Wednesday, January 21st. Royal Bank Of Canada boosted their price target on Annaly Capital Management from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $25.00 price objective (up from $23.00) on shares of Annaly Capital Management in a research note on Thursday, January 29th. Finally, BTIG Research raised Annaly Capital Management from a “neutral” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $24.11.

Annaly Capital Management Stock Up 0.8%

NYSE:NLY opened at $23.00 on Wednesday. The business’s 50-day simple moving average is $23.18 and its two-hundred day simple moving average is $22.05. Annaly Capital Management Inc has a 52 week low of $16.59 and a 52 week high of $24.52. The stock has a market cap of $16.52 billion, a PE ratio of 8.27, a P/E/G ratio of 7.01 and a beta of 1.24.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Wednesday, January 28th. The real estate investment trust reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $567.67 million. Annaly Capital Management had a return on equity of 15.80% and a net margin of 34.02%. Sell-side analysts anticipate that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 12.2%. The ex-dividend date of this dividend was Wednesday, December 31st. Annaly Capital Management’s dividend payout ratio (DPR) is 100.72%.

Insider Activity at Annaly Capital Management

In other news, CFO Serena Wolfe sold 16,536 shares of Annaly Capital Management stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $23.14, for a total transaction of $382,643.04. Following the sale, the chief financial officer owned 173,081 shares in the company, valued at $4,005,094.34. This trade represents a 8.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Steven Francis Campbell sold 28,225 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $23.12, for a total transaction of $652,562.00. Following the transaction, the chief operating officer owned 204,491 shares of the company’s stock, valued at approximately $4,727,831.92. This represents a 12.13% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.22% of the company’s stock.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.