New York State Common Retirement Fund Trims Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

New York State Common Retirement Fund lessened its holdings in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 10.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 434,075 shares of the real estate investment trust's stock after selling 48,532 shares during the period. New York State Common Retirement Fund owned approximately 0.09% of Annaly Capital Management worth $8,408,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Selway Asset Management purchased a new stake in shares of Annaly Capital Management in the 3rd quarter valued at $26,000. BluePath Capital Management LLC purchased a new position in Annaly Capital Management during the 3rd quarter worth approximately $34,000. Central Bank & Trust Co. purchased a new stake in Annaly Capital Management in the fourth quarter valued at approximately $34,000. NBC Securities Inc. acquired a new position in shares of Annaly Capital Management in the 3rd quarter valued at $38,000. Finally, Carmichael Hill & Associates Inc. grew its position in Annaly Capital Management by 90.2% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 2,472 shares of the real estate investment trust's stock worth $46,000 after purchasing an additional 1,172 shares during the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Compass Point initiated 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 objective on the stock. Jonestrading reissued a "buy" rating and set a $21.00 target price on shares of Annaly Capital Management in a research note on Thursday, April 25th. 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 reiterated an "outperform" rating and issued a $21.00 price objective on shares of Annaly Capital Management in a research report on Monday, February 12th. Finally, Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $21.50 price target on shares of Annaly Capital Management in a research note on Wednesday, March 27th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Annaly Capital Management presently has a consensus rating of "Moderate Buy" and an average target price of $21.08.

Annaly Capital Management Trading Up 1.4 %

Shares of Annaly Capital Management stock traded up $0.27 during trading hours on Friday, reaching $19.35. 3,084,282 shares of the company's stock were exchanged, compared to its average volume of 3,609,864. The company has a fifty day moving average of $19.13 and a 200-day moving average of $18.65. Annaly Capital Management, Inc. has a 52-week low of $14.52 and a 52-week high of $21.07. The firm has a market capitalization of $9.68 billion, a price-to-earnings ratio of -19.94 and a beta of 1.54. The company has a current ratio of 0.10, a quick ratio of 1.22 and a debt-to-equity ratio of 1.58.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.64 earnings per share for the quarter, meeting analysts' consensus estimates of $0.64. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $320.00 million. Annaly Capital Management had a negative net margin of 8.38% and a positive return on equity of 15.13%. During the same quarter last year, the business earned $0.81 EPS. Sell-side analysts forecast that Annaly Capital Management, Inc. will post 2.62 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Thursday, March 28th were issued a $0.65 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.44%. Annaly Capital Management's dividend payout ratio (DPR) is presently -268.04%.

Insider Buying and Selling at Annaly Capital Management

In related news, CEO David L. Finkelstein sold 50,000 shares of the firm's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $19.03, for a total value of $951,500.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is owned by company insiders.

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.