Annaly Capital Management, Inc. (NYSE:NLY) Shares Sold by SeaBridge Investment Advisors LLC

SeaBridge Investment Advisors LLC cut its position in Annaly Capital Management, Inc. (NYSE:NLY) by 2.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 224,333 shares of the real estate investment trust’s stock after selling 6,763 shares during the quarter. SeaBridge Investment Advisors LLC’s holdings in Annaly Capital Management were worth $1,992,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of NLY. Ensign Peak Advisors Inc boosted its holdings in Annaly Capital Management by 12.4% during the 1st quarter. Ensign Peak Advisors Inc now owns 485,570 shares of the real estate investment trust’s stock valued at $4,176,000 after acquiring an additional 53,422 shares during the period. Ameritas Investment Company LLC boosted its stake in shares of Annaly Capital Management by 85.8% in the first quarter. Ameritas Investment Company LLC now owns 19,148 shares of the real estate investment trust’s stock valued at $165,000 after purchasing an additional 8,845 shares during the period. UBS Asset Management Americas Inc. grew its holdings in shares of Annaly Capital Management by 8.1% in the first quarter. UBS Asset Management Americas Inc. now owns 6,105,945 shares of the real estate investment trust’s stock valued at $52,511,000 after purchasing an additional 456,087 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Annaly Capital Management by 25.3% in the first quarter. Van ECK Associates Corp now owns 4,959,516 shares of the real estate investment trust’s stock valued at $42,652,000 after purchasing an additional 1,001,005 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in Annaly Capital Management by 24.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 443,108 shares of the real estate investment trust’s stock valued at $3,934,000 after buying an additional 86,377 shares during the period. Hedge funds and other institutional investors own 42.40% of the company’s stock.

Shares of Annaly Capital Management stock traded up $0.02 on Wednesday, reaching $8.66. 341,254 shares of the stock were exchanged, compared to its average volume of 15,220,049. The firm has a market capitalization of $12.51 billion, a PE ratio of 3.76, a PEG ratio of 1.55 and a beta of 1.24. Annaly Capital Management, Inc. has a 1-year low of $6.92 and a 1-year high of $9.64. The business has a fifty day moving average price of $8.57 and a two-hundred day moving average price of $8.82.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Tuesday, July 27th. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.03. Annaly Capital Management had a return on equity of 14.28% and a net margin of 149.66%. During the same quarter last year, the firm earned $0.27 EPS. On average, sell-side analysts anticipate that Annaly Capital Management, Inc. will post 1.1 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 29th. Investors of record on Thursday, September 30th will be given a $0.22 dividend. The ex-dividend date is Wednesday, September 29th. This represents a $0.88 annualized dividend and a dividend yield of 10.16%. Annaly Capital Management’s dividend payout ratio is presently 80.00%.

Several equities research analysts have weighed in on the company. JMP Securities cut their price target on Annaly Capital Management from $10.00 to $9.25 and set a “market outperform” rating on the stock in a report on Friday, July 30th. Keefe, Bruyette & Woods cut shares of Annaly Capital Management from an “outperform” rating to a “market perform” rating and set a $9.50 price objective for the company. in a research report on Sunday, June 6th. Finally, TheStreet cut shares of Annaly Capital Management from a “b-” rating to a “c” rating in a report on Thursday, July 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $9.11.

About Annaly Capital Management

Annaly Capital Management, Inc engages in the investment and financing of residential and commercial assets. It operates through the following investment groups: Agency, Residential Credit, Commercial Credit and Middle Market Lending. The Agency group invests in agency mortgage-backed securities. The Residential Credit group involves non-agency residential mortgage assets within securitized products and whole loan markets.

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

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