Insider Selling: Annaly Capital Management (NYSE:NLY) COO Sells 26,491 Shares of Stock

Annaly Capital Management Inc (NYSE:NLY) COO Steven Francis Campbell sold 26,491 shares of the business’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $22.83, for a total value of $604,789.53. Following the transaction, the chief operating officer owned 178,000 shares of the company’s stock, valued at $4,063,740. The trade was a 12.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Steven Francis Campbell also recently made the following trade(s):

• On Wednesday, February 18th, Steven Francis Campbell sold 28,225 shares of Annaly Capital Management stock. The shares were sold at an average price of $23.12, for a total transaction of $652,562.00.

Annaly Capital Management Stock Performance

NYSE:NLY traded down $0.03 during trading hours on Friday, hitting $23.25. The stock had a trading volume of 10,470,394 shares, compared to its average volume of 8,382,842. The business’s 50 day moving average is $23.20 and its 200-day moving average is $22.07. The company has a market cap of $16.70 billion, a price-to-earnings ratio of 8.36, a P/E/G ratio of 7.07 and a beta of 1.24. Annaly Capital Management Inc has a one year low of $16.59 and a one year high of $24.52.

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

Annaly Capital Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 12.0%. The ex-dividend date was Wednesday, December 31st. Annaly Capital Management’s payout ratio is 100.72%.

Analyst Ratings Changes

A number of research analysts have weighed in on NLY shares. Barclays set a $24.00 price target on shares of Annaly Capital Management and gave the company an “equal weight” rating in a research note on Friday, January 30th. Keefe, Bruyette & Woods raised their price objective on shares of Annaly Capital Management from $23.25 to $25.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Piper Sandler reaffirmed an “overweight” rating and issued a $25.00 target price (up from $23.50) on shares of Annaly Capital Management in a research note on Thursday, January 15th. JonesTrading increased their target price on Annaly Capital Management from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Finally, Royal Bank Of Canada lifted their price target on Annaly Capital Management from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.11.

Hedge Funds Weigh In On Annaly Capital Management

Several hedge funds and other institutional investors have recently made changes to their positions in the company. SG Trading Solutions LLC acquired a new stake in Annaly Capital Management in the fourth quarter valued at $1,339,000. Mcguire Capital Advisors Inc. bought a new stake in shares of Annaly Capital Management in the 4th quarter valued at about $31,000. Compound Planning Inc. raised its holdings in shares of Annaly Capital Management by 54.8% in the 4th quarter. Compound Planning Inc. now owns 27,926 shares of the real estate investment trust’s stock valued at $624,000 after purchasing an additional 9,882 shares during the period. Invesco Ltd. lifted its stake in Annaly Capital Management by 6.2% in the 4th quarter. Invesco Ltd. now owns 2,862,209 shares of the real estate investment trust’s stock valued at $63,999,000 after purchasing an additional 165,854 shares during the last quarter. Finally, Corient Private Wealth LLC grew its holdings in Annaly Capital Management by 27.5% during the fourth quarter. Corient Private Wealth LLC now owns 48,187 shares of the real estate investment trust’s stock worth $1,077,000 after purchasing an additional 10,382 shares during the period. 51.56% of the stock is owned by institutional investors.

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.