Farther Finance Advisors LLC Increases Position in Annaly Capital Management Inc $NLY

Farther Finance Advisors LLC grew its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 40.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,953 shares of the real estate investment trust’s stock after purchasing an additional 22,634 shares during the period. Farther Finance Advisors LLC’s holdings in Annaly Capital Management were worth $1,765,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. AQR Capital Management LLC grew its stake in shares of Annaly Capital Management by 111.8% in the first quarter. AQR Capital Management LLC now owns 56,803 shares of the real estate investment trust’s stock valued at $1,154,000 after buying an additional 29,978 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in Annaly Capital Management by 39.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 14,874 shares of the real estate investment trust’s stock worth $302,000 after acquiring an additional 4,205 shares in the last quarter. Millennium Management LLC lifted its stake in Annaly Capital Management by 17.4% during the 1st quarter. Millennium Management LLC now owns 541,733 shares of the real estate investment trust’s stock worth $11,003,000 after acquiring an additional 80,481 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in Annaly Capital Management by 20.8% during the 1st quarter. NewEdge Advisors LLC now owns 17,845 shares of the real estate investment trust’s stock valued at $362,000 after acquiring an additional 3,074 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Annaly Capital Management by 833.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust’s stock valued at $59,318,000 after acquiring an additional 2,607,784 shares during the period. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on NLY shares. BTIG Research raised Annaly Capital Management from a “neutral” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Tuesday, January 6th. JPMorgan Chase & Co. lowered their price objective on shares of Annaly Capital Management from $25.00 to $23.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Barclays set a $24.00 price objective on shares of Annaly Capital Management and gave the company an “equal weight” rating in a report on Friday, January 30th. 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. Finally, Piper Sandler reduced their target price on shares of Annaly Capital Management from $25.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, April 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $23.89.

Insider Activity at Annaly Capital Management

In related news, COO Steven Francis Campbell sold 26,491 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $22.83, for a total value 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. This trade represents a 12.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Serena Wolfe sold 16,536 shares of Annaly Capital Management stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $23.14, for a total transaction of $382,643.04. Following the completion of the transaction, the chief financial officer owned 173,081 shares of the company’s stock, valued at $4,005,094.34. This represents a 8.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 71,252 shares of company stock worth $1,639,995. 0.22% of the stock is owned by corporate insiders.

Annaly Capital Management Price Performance

NLY opened at $22.62 on Tuesday. The business has a fifty day moving average price of $22.23 and a 200 day moving average price of $22.28. Annaly Capital Management Inc has a 12 month low of $17.39 and a 12 month high of $24.52. The stock has a market capitalization of $16.25 billion, a price-to-earnings ratio of 8.13, a PEG ratio of 7.09 and a beta of 1.23.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Wednesday, January 28th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.02. The company 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%. On average, research analysts anticipate that Annaly Capital Management Inc will post 2.93 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The company also recently announced 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. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.4%. The ex-dividend date is Tuesday, March 31st. Annaly Capital Management’s dividend 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.