Left Brain Wealth Management LLC Acquires 32,075 Shares of Annaly Capital Management Inc $NLY

Left Brain Wealth Management LLC grew its holdings in shares of Annaly Capital Management Inc (NYSE:NLY) by 63.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,505 shares of the real estate investment trust’s stock after purchasing an additional 32,075 shares during the quarter. Left Brain Wealth Management LLC’s holdings in Annaly Capital Management were worth $1,845,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fourth Dimension Wealth LLC lifted its holdings in shares of Annaly Capital Management by 76.9% in the fourth quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 500 shares in the last quarter. Camelot Portfolios LLC purchased a new stake in shares of Annaly Capital Management in the fourth quarter worth about $29,000. MCF Advisors LLC lifted its holdings in shares of Annaly Capital Management by 41.6% in the third quarter. MCF Advisors LLC now owns 1,688 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 496 shares in the last quarter. Elevation Wealth Partners LLC purchased a new stake in shares of Annaly Capital Management in the fourth quarter worth about $39,000. Finally, Aventura Private Wealth LLC purchased a new stake in shares of Annaly Capital Management in the fourth quarter worth about $39,000. 51.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on NLY shares. Keefe, Bruyette & Woods increased their price target 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. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $25.00 target price (up from $23.00) on shares of Annaly Capital Management in a research note on Thursday, January 29th. JonesTrading reaffirmed a “buy” rating and issued a $25.00 target price on shares of Annaly Capital Management in a research note on Wednesday, April 22nd. Piper Sandler lowered their target price on shares of Annaly Capital Management from $25.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, April 2nd. Finally, Argus raised shares of Annaly Capital Management to a “strong-buy” rating in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Annaly Capital Management presently has an average rating of “Moderate Buy” and an average price target of $24.22.

Insider Activity at Annaly Capital Management

In other Annaly Capital Management news, CFO Serena Wolfe sold 16,536 shares of Annaly Capital Management stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $23.14, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Steven Francis Campbell sold 28,225 shares of Annaly Capital Management 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 transaction, the chief operating officer directly owned 204,491 shares in the company, valued at $4,727,831.92. This trade represents a 12.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 71,252 shares of company stock worth $1,639,995 over the last three months. Insiders own 0.22% of the company’s stock.

Annaly Capital Management Price Performance

NYSE:NLY opened at $21.66 on Friday. The business has a 50 day moving average of $22.05 and a 200 day moving average of $22.47. The company has a market capitalization of $15.87 billion, a price-to-earnings ratio of 7.32, a PEG ratio of 6.71 and a beta of 1.20. Annaly Capital Management Inc has a 1-year low of $18.43 and a 1-year high of $24.52.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. The firm had revenue of $341.56 million for the quarter, compared to the consensus estimate of $595.27 million. Annaly Capital Management had a net margin of 34.33% and a return on equity of 15.92%. As a group, sell-side analysts anticipate that Annaly Capital Management Inc will post 2.98 EPS for the current year.

Annaly Capital Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.80 annualized dividend and a dividend yield of 12.9%. Annaly Capital Management’s dividend payout ratio (DPR) is 94.59%.

Annaly Capital Management Company 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.