Annaly Capital Management (NYSE:NLY) COO Sells $652,562.00 in Stock

Annaly Capital Management Inc (NYSE:NLY) COO Steven Francis Campbell sold 28,225 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $23.12, for a total transaction of $652,562.00. Following the completion of the sale, the chief operating officer owned 204,491 shares in the company, valued at $4,727,831.92. This represents a 12.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Annaly Capital Management Stock Performance

Shares of NLY opened at $23.02 on Friday. The company has a 50-day simple moving average of $23.15 and a 200-day simple moving average of $22.01. Annaly Capital Management Inc has a 52 week low of $16.59 and a 52 week high of $24.52. The firm has a market capitalization of $16.53 billion, a P/E ratio of 8.28, a P/E/G ratio of 7.08 and a beta of 1.24.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Wednesday, January 28th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.02. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $567.67 million. Annaly Capital Management had a return on equity of 15.80% and a net margin of 34.02%. As a group, equities analysts forecast that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, December 31st were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis 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%.

Analyst Ratings Changes

NLY has been the topic of several analyst reports. Wells Fargo & Company reissued an “overweight” rating and issued a $25.00 price target (up previously from $23.00) on shares of Annaly Capital Management in a report on Thursday, January 29th. BTIG Research raised shares of Annaly Capital Management from a “neutral” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Tuesday, January 6th. Weiss Ratings restated a “hold (c)” rating on shares of Annaly Capital Management in a research note on Wednesday, January 21st. Keefe, Bruyette & Woods upped their price objective on 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 raised Annaly Capital Management to a “strong-buy” rating in a report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $24.11.

Institutional Trading of Annaly Capital Management

Hedge funds have recently modified their holdings of the company. Fourth Dimension Wealth LLC grew its position in Annaly Capital Management by 76.9% during the 4th quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 500 shares during the last quarter. Camelot Portfolios LLC bought a new stake in shares of Annaly Capital Management during the fourth quarter worth $29,000. Financial Gravity Companies Inc. acquired a new stake in shares of Annaly Capital Management in the second quarter valued at $25,000. Mcguire Capital Advisors Inc. bought a new position in shares of Annaly Capital Management in the fourth quarter valued at about $31,000. Finally, Delos Wealth Advisors LLC bought a new position in shares of Annaly Capital Management in the second quarter valued at about $28,000. Institutional investors and hedge funds own 51.56% of the company’s stock.

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.