Aberdeen Group plc Sells 288,147 Shares of Annaly Capital Management Inc $NLY

Aberdeen Group plc lessened its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 77.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 85,418 shares of the real estate investment trust’s stock after selling 288,147 shares during the period. Aberdeen Group plc’s holdings in Annaly Capital Management were worth $1,716,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of NLY. Financial Gravity Companies Inc. purchased a new position in shares of Annaly Capital Management during the 2nd quarter valued at $25,000. Delos Wealth Advisors LLC bought a new stake in Annaly Capital Management during the second quarter valued at $28,000. Evolution Wealth Management Inc. bought a new stake in Annaly Capital Management during the second quarter valued at $29,000. Elevation Point Wealth Partners LLC purchased a new position in Annaly Capital Management during the second quarter worth about $34,000. Finally, MCF Advisors LLC increased its stake 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. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Annaly Capital Management

In other Annaly Capital Management news, 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 value of $382,643.04. Following the transaction, the chief financial officer directly owned 173,081 shares of the company’s stock, valued at $4,005,094.34. The trade was a 8.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Steven Francis Campbell sold 28,225 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $23.12, for a total value of $652,562.00. Following the sale, the chief operating officer directly owned 204,491 shares of the company’s stock, valued at approximately $4,727,831.92. This trade represents a 12.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.22% of the company’s stock.

Annaly Capital Management Stock Performance

NLY stock opened at $23.02 on Friday. The company has a market capitalization of $16.53 billion, a PE ratio of 8.28, a price-to-earnings-growth ratio of 7.08 and a beta of 1.24. Annaly Capital Management Inc has a one year low of $16.59 and a one year high of $24.52. The company’s 50 day moving average price is $23.15 and its two-hundred day moving average price is $22.01.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $567.67 million. Annaly Capital Management had a net margin of 34.02% and a return on equity of 15.80%. On average, research analysts predict that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, December 31st were issued a $0.70 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $2.80 annualized dividend and a dividend yield of 12.2%. Annaly Capital Management’s payout ratio is currently 100.72%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on NLY shares. Royal Bank Of Canada lifted their price target on Annaly Capital Management from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Argus raised shares of Annaly Capital Management to a “strong-buy” rating in a research note on Thursday, February 5th. Keefe, Bruyette & Woods boosted their price target on shares of Annaly Capital Management from $23.25 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. 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. Finally, Barclays set a $24.00 price objective on shares of Annaly Capital Management and gave the company an “equal weight” rating in a research report on Friday, January 30th. One 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 stock. According to MarketBeat, Annaly Capital Management has an average rating of “Moderate Buy” and an average price target of $24.11.

About Annaly Capital Management

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.