Annaly Capital Management Inc $NLY Shares Bought by Norden Group LLC

Norden Group LLC grew its holdings in shares of Annaly Capital Management Inc (NYSE:NLY) by 71.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,251 shares of the real estate investment trust’s stock after buying an additional 24,789 shares during the period. Norden Group LLC’s holdings in Annaly Capital Management were worth $1,325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in NLY. AQR Capital Management LLC increased its holdings in shares of Annaly Capital Management by 111.8% in the 1st quarter. AQR Capital Management LLC now owns 56,803 shares of the real estate investment trust’s stock valued at $1,154,000 after acquiring an additional 29,978 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in Annaly Capital Management by 39.4% during the first quarter. Integrated Wealth Concepts LLC now owns 14,874 shares of the real estate investment trust’s stock worth $302,000 after purchasing an additional 4,205 shares during the last quarter. Millennium Management LLC lifted its stake in Annaly Capital Management by 17.4% during the first quarter. Millennium Management LLC now owns 541,733 shares of the real estate investment trust’s stock worth $11,003,000 after purchasing an additional 80,481 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Annaly Capital Management by 20.8% in the first quarter. NewEdge Advisors LLC now owns 17,845 shares of the real estate investment trust’s stock valued at $362,000 after purchasing an additional 3,074 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Annaly Capital Management by 833.6% in the first quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust’s stock valued at $59,318,000 after purchasing an additional 2,607,784 shares in the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NLY has been the topic of a number of research analyst reports. Barclays set a $24.00 price objective on shares of Annaly Capital Management and gave the stock an “equal weight” rating in a report on Friday, January 30th. BTIG Research upgraded shares of Annaly Capital Management from a “neutral” rating to a “buy” rating and set a $25.00 target price for the company in a report on Tuesday, January 6th. JonesTrading increased their target price on shares of Annaly Capital Management from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Keefe, Bruyette & Woods lifted their price target on shares of Annaly Capital Management from $23.25 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $25.00 price target (up from $23.00) on shares of Annaly Capital Management in a research report on Thursday, January 29th. One investment 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.11.

Annaly Capital Management Price Performance

Shares of Annaly Capital Management stock opened at $20.77 on Friday. The firm’s fifty day simple moving average is $22.76 and its 200-day simple moving average is $22.21. 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 $14.92 billion, a price-to-earnings ratio of 7.47, a PEG ratio of 6.47 and a beta of 1.24.

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

Annaly Capital Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.70 per share. The ex-dividend date is Tuesday, March 31st. This represents a $2.80 annualized dividend and a dividend yield of 13.5%. Annaly Capital Management’s dividend payout ratio is 100.72%.

Insider Transactions at Annaly Capital Management

In other Annaly Capital Management news, COO Steven Francis Campbell sold 28,225 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $23.12, for a total transaction of $652,562.00. Following the completion of the sale, the chief operating officer directly owned 204,491 shares of the company’s stock, valued at $4,727,831.92. This represents a 12.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Serena Wolfe sold 16,536 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $23.14, for a total value of $382,643.04. Following the sale, the chief financial officer directly owned 173,081 shares of the company’s stock, valued at approximately $4,005,094.34. This represents a 8.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 71,252 shares of company stock worth $1,639,995. Corporate insiders own 0.22% of the company’s stock.

Annaly Capital Management Profile

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.