D.A. Davidson & CO. Sells 92,764 Shares of Annaly Capital Management Inc $NLY

D.A. Davidson & CO. decreased its holdings in shares of Annaly Capital Management Inc (NYSE:NLY) by 27.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 240,078 shares of the real estate investment trust’s stock after selling 92,764 shares during the period. D.A. Davidson & CO.’s holdings in Annaly Capital Management were worth $5,368,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Camelot Portfolios LLC bought a new position in Annaly Capital Management during the 4th quarter valued at approximately $29,000. MCF Advisors LLC raised its position in 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 valued at $35,000 after purchasing an additional 496 shares during the last quarter. Elevation Wealth Partners LLC bought a new position in Annaly Capital Management during the 4th quarter valued at approximately $39,000. Aventura Private Wealth LLC bought a new position in Annaly Capital Management during the 4th quarter valued at approximately $39,000. Finally, Atlantic Union Bankshares Corp raised its position in Annaly Capital Management by 273.4% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 1,867 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 1,367 shares during the last quarter. Institutional investors own 51.56% of the company’s stock.

Insider Buying and Selling

In related news, COO Steven Francis Campbell sold 28,225 shares of the firm’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 transaction, the chief operating officer owned 204,491 shares of the company’s stock, valued at $4,727,831.92. This trade represents a 12.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Serena Wolfe sold 16,536 shares of the firm’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 transaction, the chief financial officer directly owned 173,081 shares of the company’s stock, valued at approximately $4,005,094.34. This trade represents a 8.72% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 71,252 shares of company stock valued at $1,639,995. 0.22% of the stock is owned by corporate insiders.

Annaly Capital Management Stock Performance

Shares of NYSE:NLY opened at $22.54 on Thursday. Annaly Capital Management Inc has a 52-week low of $18.43 and a 52-week high of $24.52. The firm has a market capitalization of $16.19 billion, a P/E ratio of 7.61, a P/E/G ratio of 6.97 and a beta of 1.23. The stock has a 50 day moving average price of $22.20 and a 200-day moving average price of $22.37.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. Annaly Capital Management had a return on equity of 15.92% and a net margin of 34.33%.The firm had revenue of $341.56 million during the quarter, compared to analyst estimates of $595.27 million. On average, equities analysts forecast that Annaly Capital Management Inc will post 2.98 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, March 31st will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 12.4%. The ex-dividend date of this dividend is Tuesday, March 31st. Annaly Capital Management’s dividend payout ratio (DPR) is 94.59%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. JonesTrading reaffirmed a “buy” rating and set a $25.00 price target on shares of Annaly Capital Management in a research report on Wednesday, April 22nd. Argus raised Annaly Capital Management to a “strong-buy” rating in a research report on Thursday, February 5th. Wells Fargo & Company reissued an “overweight” rating and issued a $25.00 target price (up from $23.00) on shares of Annaly Capital Management in a research report on Thursday, January 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Annaly Capital Management in a research report on Wednesday, January 21st. Finally, Wall Street Zen lowered Annaly Capital Management from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Annaly Capital Management has a consensus rating of “Moderate Buy” and a consensus target price of $24.22.

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.