Nisa Investment Advisors LLC Cuts Position in Annaly Capital Management, Inc. (NYSE:NLY)

Nisa Investment Advisors LLC lessened its position in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 35.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 206,213 shares of the real estate investment trust's stock after selling 113,751 shares during the period. Nisa Investment Advisors LLC's holdings in Annaly Capital Management were worth $3,994,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Selway Asset Management acquired a new stake in shares of Annaly Capital Management in the 3rd quarter valued at about $26,000. BluePath Capital Management LLC acquired a new stake in shares of Annaly Capital Management in the 3rd quarter valued at about $34,000. Central Bank & Trust Co. acquired a new stake in shares of Annaly Capital Management in the 4th quarter valued at about $34,000. Lazard Asset Management LLC grew its stake in shares of Annaly Capital Management by 1,834.5% in the 4th quarter. Lazard Asset Management LLC now owns 1,683 shares of the real estate investment trust's stock valued at $35,000 after buying an additional 1,596 shares during the period. Finally, NBC Securities Inc. acquired a new stake in shares of Annaly Capital Management in the 3rd quarter valued at about $38,000. Institutional investors own 51.56% of the company's stock.

Annaly Capital Management Stock Performance

Shares of Annaly Capital Management stock traded down $0.13 during mid-day trading on Friday, hitting $18.45. 2,565,574 shares of the stock were exchanged, compared to its average volume of 3,639,634. Annaly Capital Management, Inc. has a 12 month low of $14.52 and a 12 month high of $21.07. The company has a 50-day simple moving average of $19.20 and a 200 day simple moving average of $18.63. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market capitalization of $9.23 billion, a P/E ratio of -5.11 and a beta of 1.54.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $2.60 annualized dividend and a dividend yield of 14.09%. Annaly Capital Management's dividend payout ratio is currently -72.02%.

Analyst Upgrades and Downgrades

NLY has been the subject of several research reports. StockNews.com upgraded Annaly Capital Management from a "sell" rating to a "hold" rating in a research note on Saturday, January 27th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $21.00 price target on shares of Annaly Capital Management in a research report on Monday, February 12th. Jonestrading raised their price target on shares of Annaly Capital Management from $18.00 to $21.00 and gave the company a "buy" rating in a research report on Thursday, February 8th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $21.50 price target on shares of Annaly Capital Management in a research report on Wednesday, March 27th. Finally, Compass Point started coverage on shares of Annaly Capital Management in a research report on Tuesday, April 2nd. They issued a "buy" rating and a $22.00 price target on the stock. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $21.19.

Insiders Place Their Bets

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of Annaly Capital Management stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $19.03, for a total transaction of $951,500.00. Following the transaction, the chief executive officer now owns 662,469 shares of the company's stock, valued at approximately $12,606,785.07. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.31% of the company's stock.

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.