South Dakota Investment Council Has $7.34 Million Stock Holdings in Annaly Capital Management Inc $NLY

South Dakota Investment Council lowered its position in Annaly Capital Management Inc (NYSE:NLY) by 13.3% during the 3rd quarter, Holdings Channel reports. The fund owned 362,984 shares of the real estate investment trust’s stock after selling 55,800 shares during the period. South Dakota Investment Council’s holdings in Annaly Capital Management were worth $7,336,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in NLY. AQR Capital Management LLC increased its holdings in shares of Annaly Capital Management by 111.8% during 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 acquiring an additional 29,978 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in Annaly Capital Management by 39.4% during 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 purchasing an additional 4,205 shares in the last quarter. Millennium Management LLC raised its holdings in 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 during the last quarter. NewEdge Advisors LLC lifted its stake in shares of Annaly Capital Management by 20.8% in the first quarter. NewEdge Advisors LLC now owns 17,845 shares of the real estate investment trust’s stock valued at $362,000 after buying an additional 3,074 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Annaly Capital Management by 833.6% during the first 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 buying an additional 2,607,784 shares during the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Trading Down 0.7%

Shares of NLY opened at $23.05 on Wednesday. The stock has a 50 day moving average of $23.21 and a 200 day moving average of $22.14. The company has a market capitalization of $16.56 billion, a price-to-earnings ratio of 8.29, a PEG ratio of 7.13 and a beta of 1.24. Annaly Capital Management Inc has a 12 month low of $16.59 and a 12 month high of $24.52.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, January 28th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $567.67 million. As a group, equities research analysts predict that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, December 31st were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 12.1%. The ex-dividend date was Wednesday, December 31st. Annaly Capital Management’s dividend payout ratio (DPR) is 100.72%.

Insider Transactions at Annaly Capital Management

In other Annaly Capital Management news, COO Steven Francis Campbell sold 26,491 shares of Annaly Capital Management stock in a transaction dated Wednesday, February 25th. The shares were 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 of the company’s stock, valued at approximately $4,063,740. The trade was a 12.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Serena Wolfe sold 16,536 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $23.14, for a total transaction of $382,643.04. Following the completion of the transaction, the chief financial officer owned 173,081 shares in the company, valued at approximately $4,005,094.34. The trade was a 8.72% 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 valued at $1,639,995 in the last 90 days. 0.22% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on NLY shares. JonesTrading upped their target price on shares of Annaly Capital Management from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Keefe, Bruyette & Woods boosted their price objective on Annaly Capital Management from $23.25 to $25.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Barclays set a $24.00 target price on Annaly Capital Management and gave the company an “equal weight” rating in a report on Friday, January 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Annaly Capital Management in a report on Wednesday, January 21st. Finally, Royal Bank Of Canada increased their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Annaly Capital Management presently has an average rating of “Moderate Buy” and a consensus target price 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.