Annaly Capital Management (NYSE:NLY) CFO Sells $382,643.04 in Stock

Annaly Capital Management Inc (NYSE:NLY) CFO Serena Wolfe sold 16,536 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $23.14, for a total transaction of $382,643.04. Following the completion of the transaction, the chief financial officer owned 173,081 shares of the company’s stock, valued at approximately $4,005,094.34. The trade was a 8.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Annaly Capital Management Trading Down 0.2%

NLY traded down $0.05 during trading on Thursday, hitting $22.95. 5,102,639 shares of the company’s stock traded hands, compared to its average volume of 8,560,066. Annaly Capital Management Inc has a 12-month low of $16.59 and a 12-month high of $24.52. The stock has a market capitalization of $16.49 billion, a price-to-earnings ratio of 8.26, a PEG ratio of 7.06 and a beta of 1.24. The company’s 50 day simple moving average is $23.12 and its two-hundred day simple moving average is $21.98.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Wednesday, January 28th. The real estate investment trust reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.02. Annaly Capital Management had a return on equity of 15.80% and a net margin of 34.02%.The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $567.67 million. On average, equities analysts expect that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.2%. The ex-dividend date of this dividend was Wednesday, December 31st. Annaly Capital Management’s payout ratio is presently 100.72%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NLY. Norges Bank acquired a new stake in Annaly Capital Management during the fourth quarter valued at $162,477,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Annaly Capital Management by 394.1% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,374,696 shares of the real estate investment trust’s stock valued at $108,623,000 after acquiring an additional 4,286,893 shares during the period. Vanguard Group Inc. grew its position in shares of Annaly Capital Management by 5.0% during the 4th quarter. Vanguard Group Inc. now owns 63,613,639 shares of the real estate investment trust’s stock valued at $1,422,401,000 after acquiring an additional 3,024,564 shares during the period. PFA Pension Forsikringsaktieselskab purchased a new position in shares of Annaly Capital Management in the 4th quarter valued at about $63,699,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of Annaly Capital Management by 833.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust’s stock worth $59,318,000 after buying an additional 2,607,784 shares during the period. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Barclays set a $24.00 target price on shares of Annaly Capital Management and gave the stock an “equal weight” rating in a research report on Friday, January 30th. Wells Fargo & Company reiterated an “overweight” rating and set a $25.00 target price (up from $23.00) on shares of Annaly Capital Management in a research report on Thursday, January 29th. Piper Sandler reiterated an “overweight” rating and issued a $25.00 price target (up previously from $23.50) on shares of Annaly Capital Management in a report on Thursday, January 15th. Keefe, Bruyette & Woods increased their price target on shares of Annaly Capital Management from $23.25 to $25.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Finally, JonesTrading lifted their price target on shares of Annaly Capital Management from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $24.11.

About Annaly Capital Management

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.