Annaly Capital Management Inc $NLY Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 480.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 350,439 shares of the real estate investment trust’s stock after acquiring an additional 290,085 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Annaly Capital Management were worth $8,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in NLY. Delos Wealth Advisors LLC acquired a new stake in Annaly Capital Management during the second quarter valued at $28,000. Evolution Wealth Management Inc. acquired a new position in shares of Annaly Capital Management in the second quarter worth about $29,000. MCF Advisors LLC boosted its stake in shares of Annaly Capital Management by 41.6% during the 3rd quarter. MCF Advisors LLC now owns 1,688 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 496 shares in the last quarter. Aventura Private Wealth LLC purchased a new stake in shares of Annaly Capital Management during the 4th quarter worth about $39,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Annaly Capital Management during the 2nd quarter valued at about $34,000. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Annaly Capital Management

In other Annaly Capital Management news, COO Steven Francis Campbell sold 26,491 shares of Annaly Capital Management stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $22.83, for a total transaction of $604,789.53. Following the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Serena Wolfe sold 16,536 shares of the company’s stock in a transaction 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 sale, the chief financial officer directly owned 173,081 shares of the company’s stock, valued at $4,005,094.34. The trade was a 8.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 71,252 shares of company stock worth $1,639,995. 0.22% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Piper Sandler restated an “overweight” rating and issued a $25.00 price target (up from $23.50) on shares of Annaly Capital Management in a research note on Thursday, January 15th. Wells Fargo & Company reissued an “overweight” rating and issued a $25.00 price objective (up from $23.00) on shares of Annaly Capital Management in a report on Thursday, January 29th. JonesTrading boosted their price objective on Annaly Capital Management from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. BTIG Research raised Annaly Capital Management from a “neutral” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Tuesday, January 6th. Finally, Barclays set a $24.00 target price on Annaly Capital Management and gave the company an “equal weight” rating in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.11.

Annaly Capital Management Trading Down 1.4%

NLY stock opened at $20.77 on Friday. Annaly Capital Management Inc has a 12-month low of $16.59 and a 12-month high of $24.52. The business’s 50-day moving average is $22.76 and its 200 day moving average is $22.21. The stock has a market cap 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 announced its earnings results on Wednesday, January 28th. The real estate investment trust reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.02. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $567.67 million. Annaly Capital Management had a return on equity of 15.80% and a net margin of 34.02%. As a group, equities analysts forecast that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st will be issued a $0.70 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $2.80 dividend on an annualized basis and a yield of 13.5%. Annaly Capital Management’s dividend payout ratio (DPR) is presently 100.72%.

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.