Annaly Capital Management (NYSE:NLY) CFO Serena Wolfe Sells 16,536 Shares of Stock

Annaly Capital Management Inc (NYSE:NLY) CFO Serena Wolfe sold 16,536 shares of Annaly Capital Management stock in a transaction that occurred 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 completion of the sale, the chief financial officer directly owned 173,081 shares of the company’s stock, 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 document filed with the SEC, which is available through the SEC website.

Annaly Capital Management Price Performance

NLY traded up $0.01 during trading on Friday, hitting $22.99. The company’s stock had a trading volume of 1,245,467 shares, compared to its average volume of 8,341,812. Annaly Capital Management Inc has a twelve month low of $16.59 and a twelve month high of $24.52. The stock has a market cap of $16.51 billion, a PE ratio of 8.27, a PEG ratio of 7.07 and a beta of 1.24. The firm’s 50 day moving average price is $23.13 and its 200-day moving average price is $21.99.

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. Annaly Capital Management had a return on equity of 15.80% and a net margin of 34.02%.The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $567.67 million. Equities analysts anticipate that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Announces Dividend

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

Hedge Funds Weigh In On Annaly Capital Management

Several hedge funds and other institutional investors have recently bought and sold shares of NLY. Vanguard Group Inc. grew its position in Annaly Capital Management by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 63,613,639 shares of the real estate investment trust’s stock valued at $1,422,401,000 after acquiring an additional 3,024,564 shares in the last quarter. State Street Corp grew its holdings in Annaly Capital Management by 8.4% during the 4th quarter. State Street Corp now owns 26,425,278 shares of the real estate investment trust’s stock valued at $608,994,000 after purchasing an additional 2,053,451 shares in the last quarter. Geode Capital Management LLC grew its holdings in Annaly Capital Management by 8.9% during the 4th quarter. Geode Capital Management LLC now owns 18,401,487 shares of the real estate investment trust’s stock valued at $411,031,000 after purchasing an additional 1,503,559 shares in the last quarter. Norges Bank purchased a new stake in Annaly Capital Management during the 4th quarter worth $162,477,000. Finally, Morgan Stanley lifted its holdings in Annaly Capital Management by 33.5% in the 4th quarter. Morgan Stanley now owns 6,977,329 shares of the real estate investment trust’s stock worth $156,013,000 after buying an additional 1,751,509 shares in the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on NLY. Piper Sandler restated an “overweight” rating and set a $25.00 price objective (up from $23.50) on shares of Annaly Capital Management in a report on Thursday, January 15th. Argus upgraded Annaly Capital Management to a “strong-buy” rating in a research note on Thursday, February 5th. Barclays set a $24.00 price objective on Annaly Capital Management and gave the stock an “equal weight” rating in a report on Friday, January 30th. Wells Fargo & Company reiterated an “overweight” rating and set a $25.00 target price (up previously from $23.00) on shares of Annaly Capital Management in a report on Thursday, January 29th. Finally, JonesTrading raised 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. One 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 company’s stock. According to MarketBeat.com, Annaly Capital Management has an average rating of “Moderate Buy” and a consensus target price of $24.11.

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.