Annaly Capital Management, Inc. (NYSE:NLY) Shares Sold by abrdn plc

abrdn plc trimmed its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 72.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 177,264 shares of the real estate investment trust’s stock after selling 473,098 shares during the period. abrdn plc’s holdings in Annaly Capital Management were worth $3,434,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in NLY. Private Trust Co. NA lifted its position in Annaly Capital Management by 7.0% during the third quarter. Private Trust Co. NA now owns 10,876 shares of the real estate investment trust’s stock valued at $205,000 after buying an additional 709 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in Annaly Capital Management by 1.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 69,997 shares of the real estate investment trust’s stock valued at $1,310,000 after purchasing an additional 717 shares during the period. Fifth Third Bancorp lifted its stake in shares of Annaly Capital Management by 37.9% during the third quarter. Fifth Third Bancorp now owns 2,814 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 773 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Annaly Capital Management by 2.8% in the third quarter. Daiwa Securities Group Inc. now owns 29,145 shares of the real estate investment trust’s stock worth $548,000 after buying an additional 800 shares during the period. Finally, Bell Bank grew its stake in shares of Annaly Capital Management by 0.7% in the third quarter. Bell Bank now owns 113,786 shares of the real estate investment trust’s stock valued at $2,140,000 after buying an additional 803 shares in the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Insiders Place Their Bets

In other news, CEO David L. Finkelstein sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $19.03, for a total value of $951,500.00. Following the completion of the sale, the chief executive officer now directly owns 662,469 shares in the company, valued at approximately $12,606,785.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on NLY. Compass Point initiated coverage on Annaly Capital Management in a research report on Tuesday, April 2nd. They set a “buy” rating and a $22.00 price target on the stock. StockNews.com raised shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Saturday, January 27th. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, April 18th. Jonestrading reiterated a “buy” rating and issued a $21.00 price objective on shares of Annaly Capital Management in a report on Thursday. Finally, Royal Bank of Canada restated an “outperform” rating and set a $21.00 target price on shares of Annaly Capital Management in a research note on Monday, February 12th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.08.

Annaly Capital Management Stock Up 1.0 %

Shares of NYSE:NLY opened at $18.88 on Monday. The firm has a market cap of $9.45 billion, a PE ratio of -19.46 and a beta of 1.54. The company has a fifty day simple moving average of $19.11 and a 200 day simple moving average of $18.63. The company has a current ratio of 0.10, a quick ratio of 1.22 and a debt-to-equity ratio of 1.58. Annaly Capital Management, Inc. has a 12-month low of $14.52 and a 12-month high of $21.07.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Thursday, April 25th. The real estate investment trust reported $0.64 earnings per share for the quarter, hitting the consensus estimate of $0.64. Annaly Capital Management had a negative net margin of 8.38% and a positive return on equity of 15.13%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $320.00 million. During the same quarter in the previous year, the firm earned $0.81 EPS. On average, equities research analysts anticipate that Annaly Capital Management, Inc. will post 2.54 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 13.77%. The ex-dividend date is Wednesday, March 27th. Annaly Capital Management’s payout ratio is currently -268.04%.

Annaly Capital Management Profile

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.