Wesbanco Bank Inc. Sells 1,898 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Wesbanco Bank Inc. lessened its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 8.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,416 shares of the real estate investment trust’s stock after selling 1,898 shares during the period. Wesbanco Bank Inc.’s holdings in Annaly Capital Management were worth $355,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in NLY. Avior Wealth Management LLC lifted its holdings in shares of Annaly Capital Management by 209.9% in the third quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 850 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Annaly Capital Management by 70.2% in the 3rd quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 647 shares during the last quarter. Quarry LP bought a new position in shares of Annaly Capital Management during the 2nd quarter valued at approximately $36,000. Toth Financial Advisory Corp increased its position in Annaly Capital Management by 31.8% in the third quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 576 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC increased its holdings in Annaly Capital Management by 68.1% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 2,962 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 1,200 shares during the last quarter. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Performance

Annaly Capital Management stock opened at $19.49 on Friday. Annaly Capital Management, Inc. has a fifty-two week low of $17.67 and a fifty-two week high of $21.11. The stock has a market cap of $10.92 billion, a P/E ratio of -278.39 and a beta of 1.51. The firm’s fifty day moving average price is $19.25 and its 200-day moving average price is $19.69.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $212.00 million. Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. During the same quarter in the prior year, the company earned $0.66 earnings per share. Sell-side analysts predict that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 13.34%. The ex-dividend date of this dividend is Tuesday, December 31st. Annaly Capital Management’s dividend payout ratio is currently -3,714.29%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a report on Thursday. Barclays initiated coverage on shares of Annaly Capital Management in a research note on Monday, January 6th. They set an “equal weight” rating and a $19.00 price target on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Annaly Capital Management from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Argus upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.11.

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.