Payden & Rygel Makes New $7.91 Million Investment in Annaly Capital Management Inc $NLY

Payden & Rygel acquired a new position in Annaly Capital Management Inc (NYSE:NLY) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 391,300 shares of the real estate investment trust’s stock, valued at approximately $7,908,000.

A number of other large investors also recently modified their holdings of the company. Financial Gravity Companies Inc. bought a new position in Annaly Capital Management in the 2nd quarter worth $25,000. Delos Wealth Advisors LLC bought a new position in shares of Annaly Capital Management in the second quarter worth about $28,000. Evolution Wealth Management Inc. purchased a new stake in shares of Annaly Capital Management during the second quarter worth about $29,000. MCF Advisors LLC raised its stake 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 period. Finally, Elevation Point Wealth Partners LLC bought a new stake in Annaly Capital Management during the 2nd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Analysts Set New Price Targets

NLY has been the subject of several recent analyst reports. Keefe, Bruyette & Woods upped their price target on Annaly Capital Management from $23.25 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Royal Bank Of Canada upped their target price on shares of Annaly Capital Management from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Piper Sandler reaffirmed an “overweight” rating and set a $25.00 target price (up from $23.50) on shares of Annaly Capital Management in a research note on Thursday, January 15th. JonesTrading lifted their price target on shares of Annaly Capital Management from $22.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Finally, Argus raised shares of Annaly Capital Management to a “strong-buy” rating in a report on Thursday, February 5th. One investment 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.11.

Annaly Capital Management Stock Up 0.2%

NLY stock opened at $23.02 on Monday. Annaly Capital Management Inc has a 52 week low of $16.59 and a 52 week high of $24.52. The firm has a market capitalization of $16.53 billion, a P/E ratio of 8.28, a price-to-earnings-growth ratio of 7.08 and a beta of 1.24. The company has a fifty day simple moving average of $23.15 and a two-hundred day simple moving average of $22.02.

Annaly Capital Management (NYSE:NLY) last posted 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. Annaly Capital Management had a net margin of 34.02% and a return on equity of 15.80%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $567.67 million. As a group, analysts anticipate that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Announces Dividend

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

Insider Activity at Annaly Capital Management

In related news, CFO Serena Wolfe sold 16,536 shares of the 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 owned 173,081 shares in the company, valued at approximately $4,005,094.34. This represents a 8.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Steven Francis Campbell sold 28,225 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $23.12, for a total value of $652,562.00. Following the completion of the sale, the chief operating officer owned 204,491 shares of the company’s stock, valued at approximately $4,727,831.92. This represents a 12.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.22% of the stock is owned by company insiders.

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.