Cedar Wealth Management LLC Sells 2,410 Shares of Annaly Capital Management Inc (NYSE:NLY)

Cedar Wealth Management LLC reduced its position in Annaly Capital Management Inc (NYSE:NLY) by 6.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,282 shares of the real estate investment trust’s stock after selling 2,410 shares during the period. Annaly Capital Management comprises approximately 0.3% of Cedar Wealth Management LLC’s investment portfolio, making the stock its 21st largest position. Cedar Wealth Management LLC’s holdings in Annaly Capital Management were worth $389,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Prospera Financial Services Inc increased its stake in Annaly Capital Management by 2.3% in the first quarter. Prospera Financial Services Inc now owns 15,531 shares of the real estate investment trust’s stock worth $173,000 after buying an additional 354 shares in the last quarter. Honkamp Krueger Financial Services Inc. boosted its stake in shares of Annaly Capital Management by 3.4% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 14,610 shares of the real estate investment trust’s stock valued at $162,000 after buying an additional 480 shares during the last quarter. Capstone Asset Management Co. boosted its stake in shares of Annaly Capital Management by 15.3% in the first quarter. Capstone Asset Management Co. now owns 23,846 shares of the real estate investment trust’s stock valued at $265,000 after buying an additional 3,160 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Annaly Capital Management by 40.0% in the first quarter. Bank of Montreal Can now owns 886,814 shares of the real estate investment trust’s stock valued at $9,853,000 after buying an additional 253,421 shares during the last quarter. Finally, National Pension Service boosted its stake in shares of Annaly Capital Management by 18,228.1% in the first quarter. National Pension Service now owns 995,765 shares of the real estate investment trust’s stock valued at $11,063,000 after buying an additional 990,332 shares during the last quarter. Institutional investors own 52.97% of the company’s stock.

Annaly Capital Management Inc (NYSE NLY) traded up 0.16% during mid-day trading on Friday, reaching $12.34. The company’s stock had a trading volume of 10,247,910 shares. The firm has a market capitalization of $13.43 billion, a price-to-earnings ratio of 4.27 and a beta of 0.28. Annaly Capital Management Inc has a 52 week low of $9.83 and a 52 week 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 issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. The firm had revenue of $315.15 million for the quarter, compared to the consensus estimate of $424.18 million. Annaly Capital Management had a net margin of 121.84% and a return on equity of 11.33%. During the same period last year, the firm posted $0.29 EPS. On average, equities analysts forecast that Annaly Capital Management Inc will post $1.20 earnings per share for the current fiscal year.

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

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NLY has been the topic of several analyst reports. BidaskClub cut Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $11.25 price objective on shares of Annaly Capital Management in a research note on Thursday, August 3rd. Finally, Zacks Investment Research raised Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Two analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $11.41.

In related news, Director Donnell Segalas purchased 8,000 shares of the company’s stock in a transaction on Monday, August 7th. The shares were bought at an average cost of $12.09 per share, for a total transaction of $96,720.00. Following the transaction, the director now owns 84,150 shares of the company’s stock, valued at $1,017,373.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Francine J. Bovich purchased 13,500 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were bought at an average price of $12.29 per share, for a total transaction of $165,915.00. Following the completion of the transaction, the director now directly owns 13,500 shares in the company, valued at approximately $165,915. The disclosure for this purchase can be found here. Insiders have acquired a total of 39,200 shares of company stock worth $477,513 over the last 90 days. 0.43% of the stock is owned by insiders.

Annaly Capital Management Company Profile

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.

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

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