Annaly Capital Management (NYSE:NLY) COO Sells 28,225 Shares

Annaly Capital Management Inc (NYSE:NLY) COO Steven Francis Campbell sold 28,225 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $23.12, for a total value of $652,562.00. Following the sale, the chief operating officer owned 204,491 shares in the company, valued at approximately $4,727,831.92. The trade was a 12.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Annaly Capital Management Trading Down 0.2%

Shares of Annaly Capital Management stock traded down $0.05 during trading on Thursday, hitting $22.95. The stock had a trading volume of 5,102,639 shares, compared to its average volume of 8,560,066. Annaly Capital Management Inc has a 12 month low of $16.59 and a 12 month high of $24.52. The firm has a market cap of $16.49 billion, a price-to-earnings ratio of 8.26, a P/E/G ratio of 7.06 and a beta of 1.24. The business’s 50-day moving average is $23.12 and its 200 day moving average is $21.98.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Wednesday, January 28th. The real estate investment trust reported $0.74 EPS for the quarter, topping the consensus estimate of $0.72 by $0.02. Annaly Capital Management had a return on equity of 15.80% and a net margin of 34.02%.The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $567.67 million. As a group, equities analysts expect that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st were paid a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.80 annualized dividend and a yield of 12.2%. Annaly Capital Management’s payout ratio is currently 100.72%.

Analysts Set New Price Targets

Several research analysts recently issued reports on NLY shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Annaly Capital Management in a research note on Wednesday, January 21st. Barclays set a $24.00 price target on shares of Annaly Capital Management and gave the company an “equal weight” rating in a report on Friday, January 30th. JonesTrading boosted 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 note on Thursday, January 29th. BTIG Research raised Annaly Capital Management from a “neutral” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Tuesday, January 6th. Finally, Keefe, Bruyette & Woods upped their price objective on Annaly Capital Management from $23.25 to $25.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Annaly Capital Management has a consensus rating of “Moderate Buy” and an average target price of $24.11.

Hedge Funds Weigh In On Annaly Capital Management

Several hedge funds and other institutional investors have recently bought and sold shares of NLY. Fourth Dimension Wealth LLC lifted its position in shares of Annaly Capital Management by 76.9% during the 4th quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 500 shares during the last quarter. Camelot Portfolios LLC acquired a new position in shares of Annaly Capital Management in the 4th quarter worth $29,000. Financial Gravity Companies Inc. acquired a new stake in shares of Annaly Capital Management during the second quarter worth $25,000. Mcguire Capital Advisors Inc. purchased a new stake in shares of Annaly Capital Management during the fourth quarter valued at $31,000. Finally, Delos Wealth Advisors LLC acquired a new position in shares of Annaly Capital Management in the 2nd quarter valued at $28,000. 51.56% of the stock is owned by institutional investors and hedge funds.

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.