Steven Francis Campbell Sells 26,491 Shares of Annaly Capital Management (NYSE:NLY) Stock

Annaly Capital Management Inc (NYSE:NLY) COO Steven Francis Campbell sold 26,491 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $22.83, for a total value of $604,789.53. Following the sale, the chief operating officer owned 178,000 shares in the company, valued at approximately $4,063,740. This represents a 12.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Steven Francis Campbell also recently made the following trade(s):

• On Wednesday, February 18th, Steven Francis Campbell sold 28,225 shares of Annaly Capital Management stock. The shares were sold at an average price of $23.12, for a total transaction of $652,562.00.

Annaly Capital Management Trading Down 0.1%

Shares of NLY opened at $23.25 on Friday. The company has a market cap of $16.70 billion, a price-to-earnings ratio of 8.36, a PEG ratio of 7.14 and a beta of 1.24. Annaly Capital Management Inc has a 1-year low of $16.59 and a 1-year high of $24.52. The company’s fifty day simple moving average is $23.21 and its 200 day simple moving average is $22.10.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, January 28th. The real estate investment trust reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.02. The company 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%. As a group, research 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 declared 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. This represents a $2.80 dividend on an annualized basis and a yield of 12.0%. The ex-dividend date of this dividend was Wednesday, December 31st. Annaly Capital Management’s payout ratio is 100.72%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC raised its position in shares of Annaly Capital Management by 111.8% in the first quarter. AQR Capital Management LLC now owns 56,803 shares of the real estate investment trust’s stock valued at $1,154,000 after buying an additional 29,978 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in Annaly Capital Management by 39.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 14,874 shares of the real estate investment trust’s stock valued at $302,000 after acquiring an additional 4,205 shares in the last quarter. Millennium Management LLC lifted its position in shares of Annaly Capital Management by 17.4% during the 1st quarter. Millennium Management LLC now owns 541,733 shares of the real estate investment trust’s stock valued at $11,003,000 after acquiring an additional 80,481 shares during the period. NewEdge Advisors LLC lifted its position in shares of Annaly Capital Management by 20.8% during 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 period. Finally, Goldman Sachs Group Inc. grew 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 worth $59,318,000 after purchasing an additional 2,607,784 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on NLY. JonesTrading lifted their target price on Annaly Capital Management from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Piper Sandler reaffirmed an “overweight” rating and set a $25.00 price objective (up from $23.50) on shares of Annaly Capital Management in a research report on Thursday, January 15th. Barclays set a $24.00 price objective on shares of Annaly Capital Management and gave the company an “equal weight” rating in a report on Friday, January 30th. Keefe, Bruyette & Woods raised 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 note on Friday, January 30th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $25.00 price target (up from $23.00) on shares of Annaly Capital Management in a research note on Thursday, January 29th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.11.

About Annaly Capital Management

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.