Insider Selling: Annaly Capital Management (NYSE:NLY) COO Sells $604,789.53 in Stock

Annaly Capital Management Inc (NYSE:NLY) COO Steven Francis Campbell sold 26,491 shares of the firm’s stock in a transaction that occurred 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Steven Francis Campbell also recently made the following trade(s):

• On Wednesday, February 18th, Steven Francis Campbell sold 28,225 shares of Annaly Capital Management stock. The shares were sold at an average price of $23.12, for a total value of $652,562.00.

Annaly Capital Management Price Performance

NYSE:NLY opened at $23.25 on Monday. The business has a fifty day simple moving average of $23.21 and a two-hundred day simple moving average of $22.11. Annaly Capital Management Inc has a 1 year low of $16.59 and a 1 year high of $24.52. The company has a market capitalization of $16.70 billion, a P/E ratio of 8.36, a P/E/G ratio of 7.14 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 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.02. The firm had revenue of $1.06 billion for 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%. As a group, analysts anticipate that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.80 annualized dividend and a yield of 12.0%. Annaly Capital Management’s dividend payout ratio is 100.72%.

Institutional Trading of Annaly Capital Management

Large investors have recently modified their holdings of the business. Summit Global Investments raised its holdings in shares of Annaly Capital Management by 332.3% during the 3rd quarter. Summit Global Investments now owns 59,797 shares of the real estate investment trust’s stock valued at $1,209,000 after buying an additional 45,966 shares in the last quarter. Mediolanum International Funds Ltd grew its position in Annaly Capital Management by 13.2% during the third quarter. Mediolanum International Funds Ltd now owns 523,277 shares of the real estate investment trust’s stock valued at $10,947,000 after acquiring an additional 60,814 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Annaly Capital Management by 4.2% during the second quarter. Vanguard Group Inc. now owns 58,701,446 shares of the real estate investment trust’s stock worth $1,104,761,000 after acquiring an additional 2,344,867 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Annaly Capital Management by 73.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 270,482 shares of the real estate investment trust’s stock worth $5,680,000 after acquiring an additional 114,946 shares during the last quarter. Finally, CreativeOne Wealth LLC bought a new stake in shares of Annaly Capital Management in the 2nd quarter worth approximately $429,000. Institutional investors own 51.56% of the company’s stock.

Wall Street Analyst Weigh In

NLY has been the topic of several research reports. BTIG Research raised shares of Annaly Capital Management from a “neutral” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Tuesday, January 6th. JonesTrading boosted their target price 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. Argus raised Annaly Capital Management to a “strong-buy” rating in a report on Thursday, February 5th. 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 research report on Thursday, January 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Annaly Capital Management in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.