Annaly Capital Management Inc $NLY Stock Position Decreased by GraniteShares Advisors LLC

GraniteShares Advisors LLC trimmed its stake in Annaly Capital Management Inc (NYSE:NLY) by 30.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 117,366 shares of the real estate investment trust’s stock after selling 50,661 shares during the quarter. GraniteShares Advisors LLC’s holdings in Annaly Capital Management were worth $2,624,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Ascent Group LLC increased its stake in Annaly Capital Management by 23.1% in the 4th quarter. Ascent Group LLC now owns 13,966 shares of the real estate investment trust’s stock worth $312,000 after purchasing an additional 2,617 shares in the last quarter. Accel Wealth Management lifted its position in shares of Annaly Capital Management by 38.7% in the 4th quarter. Accel Wealth Management now owns 16,309 shares of the real estate investment trust’s stock valued at $365,000 after acquiring an additional 4,552 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in Annaly Capital Management by 7.6% in the 4th quarter. Stratos Wealth Partners LTD. now owns 15,427 shares of the real estate investment trust’s stock worth $345,000 after purchasing an additional 1,095 shares during the period. Sullivan Wood Capital Management LLC boosted its stake in Annaly Capital Management by 83.4% in the 4th quarter. Sullivan Wood Capital Management LLC now owns 62,550 shares of the real estate investment trust’s stock worth $1,439,000 after purchasing an additional 28,450 shares during the period. Finally, Perigon Wealth Management LLC grew its position in Annaly Capital Management by 6.7% during the 4th quarter. Perigon Wealth Management LLC now owns 66,907 shares of the real estate investment trust’s stock worth $1,496,000 after purchasing an additional 4,181 shares in the last quarter. 51.56% of the stock is owned by hedge funds and other institutional investors.

Annaly Capital Management Price Performance

Shares of Annaly Capital Management stock opened at $21.38 on Friday. The firm has a market cap of $15.36 billion, a price-to-earnings ratio of 7.69, a P/E/G ratio of 6.57 and a beta of 1.23. The stock has a 50-day simple moving average of $22.49 and a 200-day simple moving average of $22.19. Annaly Capital Management Inc has a 52-week low of $16.59 and a 52-week high of $24.52.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Wednesday, January 28th. The real estate investment trust reported $0.74 earnings per share 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 net margin of 34.02% and a return on equity of 15.80%. As a group, equities research analysts predict 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 will be paid on Thursday, April 30th. Investors of record on Tuesday, March 31st will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 13.1%. The ex-dividend date of this dividend is Tuesday, March 31st. Annaly Capital Management’s payout ratio is presently 100.72%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. 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 research note on Thursday, January 29th. Piper Sandler lowered their price target on Annaly Capital Management from $25.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday. BTIG Research raised 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. Argus raised Annaly Capital Management to a “strong-buy” rating in a research report on Thursday, February 5th. Finally, Keefe, Bruyette & Woods raised their price objective on Annaly Capital Management from $23.25 to $25.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. One equities research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.78.

Insider Buying and Selling at Annaly Capital Management

In related news, CFO Serena Wolfe sold 16,536 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $23.14, for a total value of $382,643.04. Following the completion of the sale, the chief financial officer directly owned 173,081 shares in the company, valued at approximately $4,005,094.34. This represents a 8.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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 transaction, the chief operating officer directly owned 178,000 shares in the company, valued at $4,063,740. The trade was a 12.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 71,252 shares of company stock valued at $1,639,995. 0.22% of the stock is owned by company insiders.

Annaly Capital Management 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.