Aberdeen Group plc Acquires 26,489 Shares of Annaly Capital Management Inc $NLY

Aberdeen Group plc lifted its holdings in shares of Annaly Capital Management Inc (NYSE:NLY) by 31.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 111,907 shares of the real estate investment trust’s stock after purchasing an additional 26,489 shares during the period. Aberdeen Group plc’s holdings in Annaly Capital Management were worth $2,502,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Delos Wealth Advisors LLC bought a new stake in Annaly Capital Management in the 2nd quarter worth $28,000. Evolution Wealth Management Inc. bought a new stake in Annaly Capital Management in the 2nd quarter worth $29,000. MCF Advisors LLC grew its holdings in Annaly Capital Management by 41.6% in the 3rd quarter. MCF Advisors LLC now owns 1,688 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 496 shares during the last quarter. Atlantic Union Bankshares Corp grew its holdings in Annaly Capital Management by 273.4% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 1,867 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 1,367 shares during the last quarter. Finally, Elevation Wealth Partners LLC bought a new stake in Annaly Capital Management in the 4th quarter worth $39,000. Institutional investors own 51.56% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on NLY shares. Barclays set a $24.00 price target on shares of Annaly Capital Management and gave the stock an “equal weight” rating in a report on Friday, January 30th. 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. Argus raised shares of Annaly Capital Management to a “strong-buy” rating in a research note on Thursday, February 5th. Keefe, Bruyette & Woods lifted their target price on shares of 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, Wells Fargo & Company reaffirmed an “overweight” rating and set a $25.00 target price (up from $23.00) on shares of Annaly Capital Management in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $23.78.

Insider Activity

In related news, COO Steven Francis Campbell sold 26,491 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were 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 $4,063,740. The trade was a 12.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Serena Wolfe sold 16,536 shares of the business’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $23.14, for a total transaction of $382,643.04. Following the sale, the chief financial officer directly owned 173,081 shares in the company, valued at $4,005,094.34. The trade was a 8.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 71,252 shares of company stock worth $1,639,995 in the last three months. 0.22% of the stock is currently owned by insiders.

Annaly Capital Management Trading Up 1.2%

Shares of NLY opened at $22.07 on Friday. Annaly Capital Management Inc has a 1-year low of $16.59 and a 1-year high of $24.52. The firm has a market capitalization of $15.85 billion, a price-to-earnings ratio of 7.94, a PEG ratio of 6.70 and a beta of 1.23. The firm’s 50-day moving average price is $22.29 and its 200-day moving average price is $22.18.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Wednesday, January 28th. The real estate investment trust reported $0.74 EPS for the quarter, topping the consensus estimate of $0.72 by $0.02. Annaly Capital Management had a net margin of 34.02% and a return on equity of 15.80%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $567.67 million. On average, research analysts forecast that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal 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 dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.80 annualized dividend and a yield of 12.7%. Annaly Capital Management’s payout ratio is presently 100.72%.

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.