Annaly Capital Management Inc $NLY is Sage Advisors LLC’s 5th Largest Position

Sage Advisors LLC boosted its holdings in Annaly Capital Management Inc (NYSE:NLY) by 63.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 320,533 shares of the real estate investment trust’s stock after purchasing an additional 124,987 shares during the quarter. Annaly Capital Management makes up 4.8% of Sage Advisors LLC’s portfolio, making the stock its 5th biggest holding. Sage Advisors LLC’s holdings in Annaly Capital Management were worth $7,167,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Delos Wealth Advisors LLC acquired a new stake in Annaly Capital Management in the 2nd quarter worth about $28,000. Evolution Wealth Management Inc. acquired a new position in shares of Annaly Capital Management during the 2nd quarter valued at about $29,000. MCF Advisors LLC increased its stake in shares of 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 acquiring an additional 496 shares during the last quarter. Elevation Wealth Partners LLC purchased a new position in shares of Annaly Capital Management during the 4th quarter worth about $39,000. Finally, Aventura Private Wealth LLC purchased a new position in shares of Annaly Capital Management during the 4th quarter worth about $39,000. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Annaly Capital Management Price Performance

Annaly Capital Management stock opened at $21.03 on Friday. The company has a market cap of $15.11 billion, a price-to-earnings ratio of 7.57, a price-to-earnings-growth ratio of 6.58 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. The stock’s 50-day moving average is $22.83 and its 200-day moving average is $22.22.

Annaly Capital Management (NYSE:NLY) last issued its earnings results on Wednesday, January 28th. The real estate investment trust reported $0.74 earnings per share (EPS) 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 analysts’ expectations of $567.67 million. Annaly Capital Management had a return on equity of 15.80% and a net margin of 34.02%. Research analysts anticipate that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 13.3%. The ex-dividend date of this dividend is Tuesday, March 31st. Annaly Capital Management’s payout ratio is 100.72%.

Insider Activity at Annaly Capital Management

In other Annaly Capital Management news, CFO Serena Wolfe sold 16,536 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer directly owned 173,081 shares in the company, valued at $4,005,094.34. The trade was a 8.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Steven Francis Campbell sold 26,491 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $22.83, for a total transaction of $604,789.53. Following the completion of the sale, the chief operating officer directly owned 178,000 shares of the company’s stock, valued at $4,063,740. The trade was a 12.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 71,252 shares of company stock valued at $1,639,995. 0.22% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NLY. Royal Bank Of Canada raised 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Annaly Capital Management in a research note on Wednesday, January 21st. Piper Sandler reiterated an “overweight” rating and issued a $25.00 price target (up from $23.50) on shares of Annaly Capital Management in a report on Thursday, January 15th. Keefe, Bruyette & Woods boosted their price objective on shares of Annaly Capital Management from $23.25 to $25.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Finally, Argus upgraded Annaly Capital Management to a “strong-buy” rating in a report on Thursday, February 5th. 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 stock. Based on data from MarketBeat, the company 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.