IFM Investors Pty Ltd Sells 5,451 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

IFM Investors Pty Ltd cut its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 4.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 116,357 shares of the real estate investment trust’s stock after selling 5,451 shares during the quarter. IFM Investors Pty Ltd’s holdings in Annaly Capital Management were worth $2,291,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Selway Asset Management purchased a new position in Annaly Capital Management in the third quarter worth about $26,000. Core Wealth Advisors Inc. boosted its stake in Annaly Capital Management by 222.2% during the 4th quarter. Core Wealth Advisors Inc. now owns 1,450 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,000 shares during the last quarter. Rise Advisors LLC bought a new stake in shares of Annaly Capital Management in the 1st quarter worth $29,000. GAMMA Investing LLC purchased a new position in shares of Annaly Capital Management in the fourth quarter worth $33,000. Finally, First United Bank & Trust bought a new position in shares of Annaly Capital Management during the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NLY. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, April 18th. Royal Bank of Canada restated an “outperform” rating and issued a $21.00 target price on shares of Annaly Capital Management in a report on Monday, February 12th. StockNews.com upgraded shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Saturday, January 27th. Jonestrading restated a “buy” rating and issued a $21.00 price target on shares of Annaly Capital Management in a research note on Thursday. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $21.50 price objective on shares of Annaly Capital Management in a research report on Wednesday, March 27th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.07.

Insider Transactions at Annaly Capital Management

In related news, CEO David L. Finkelstein sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $19.03, for a total transaction of $951,500.00. Following the completion of the transaction, the chief executive officer now directly owns 662,469 shares in the company, valued at approximately $12,606,785.07. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.21% of the company’s stock.

Annaly Capital Management Stock Performance

Shares of NYSE:NLY traded up $0.19 during midday trading on Friday, hitting $18.88. The company had a trading volume of 4,947,414 shares, compared to its average volume of 2,951,652. The company has a market cap of $9.45 billion, a price-to-earnings ratio of -19.46 and a beta of 1.54. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.10 and a quick ratio of 1.22. The company has a fifty day moving average of $19.11 and a two-hundred day moving average of $18.62. Annaly Capital Management, Inc. has a 12-month low of $14.52 and a 12-month high of $21.07.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 13.77%. The ex-dividend date is Wednesday, March 27th. Annaly Capital Management’s dividend payout ratio (DPR) is currently -268.04%.

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; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.