South Dakota Investment Council Sells 55,800 Shares of Annaly Capital Management Inc $NLY

South Dakota Investment Council decreased its holdings in shares of Annaly Capital Management Inc (NYSE:NLY) by 13.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 362,984 shares of the real estate investment trust’s stock after selling 55,800 shares during the quarter. South Dakota Investment Council owned 0.05% of Annaly Capital Management worth $7,336,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. AQR Capital Management LLC increased its position in Annaly Capital Management by 111.8% during the 1st quarter. AQR Capital Management LLC now owns 56,803 shares of the real estate investment trust’s stock worth $1,154,000 after purchasing an additional 29,978 shares in the last quarter. Integrated Wealth Concepts LLC grew its stake in shares of 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 buying an additional 4,205 shares during the last quarter. Millennium Management LLC increased its holdings in shares of 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 buying an additional 80,481 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Annaly Capital Management by 20.8% in the 1st quarter. NewEdge Advisors LLC now owns 17,845 shares of the real estate investment trust’s stock valued at $362,000 after acquiring an additional 3,074 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Annaly Capital Management by 833.6% during the 1st 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 acquiring an additional 2,607,784 shares in the last quarter. Institutional investors own 51.56% of the company’s stock.

Insider Buying and Selling

In other 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 value of $604,789.53. Following the completion of the sale, the chief operating officer owned 178,000 shares in the company, valued at $4,063,740. The trade was a 12.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Serena Wolfe sold 16,536 shares of the business’s stock in a transaction 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 owned 173,081 shares in the company, 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. Over the last quarter, insiders sold 71,252 shares of company stock valued at $1,639,995. 0.22% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have commented on NLY shares. Royal Bank Of Canada increased their target price on Annaly Capital Management from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Keefe, Bruyette & Woods lifted their target price on shares of Annaly Capital Management from $23.25 to $25.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. BTIG Research raised shares of Annaly Capital Management from a “neutral” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Tuesday, January 6th. JonesTrading raised their price target on shares of Annaly Capital Management from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $25.00 price target (up from $23.00) on shares of Annaly Capital Management in a report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.11.

Annaly Capital Management Stock Performance

Shares of NYSE NLY opened at $23.05 on Wednesday. The company’s 50 day moving average price is $23.21 and its 200-day moving average price is $22.14. Annaly Capital Management Inc has a 52-week low of $16.59 and a 52-week high of $24.52. The company has a market capitalization of $16.56 billion, a P/E ratio of 8.29, a price-to-earnings-growth ratio of 7.13 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $567.67 million. Annaly Capital Management had a net margin of 34.02% and a return on equity of 15.80%. Analysts forecast 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 was paid on Friday, January 30th. Investors of record on Wednesday, December 31st were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.80 annualized dividend and a yield of 12.1%. Annaly Capital Management’s dividend payout ratio (DPR) is currently 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.