Key Points
- Annaly COO Steven Francis Campbell sold 28,225 shares on Feb. 18 at an average price of $23.12 for total proceeds of $652,562, cutting his stake by 12.13% to 204,491 shares (SEC filing).
- The firm pays a quarterly dividend of $0.70 (annualized $2.80), yielding 12.2% with a dividend payout ratio of 100.72%, indicating a high yield but payout at about full earnings.
- Analyst sentiment is mostly upbeat—MarketBeat shows an average rating of “Moderate Buy” and a consensus price target of $24.11, with several brokers raising targets to $25.00.
Annaly Capital Management Inc (NYSE:NLY - Get Free Report) 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 value of $382,643.04. Following the completion of the transaction, the chief financial officer owned 173,081 shares in the company, valued at approximately $4,005,094.34. This trade represents a 8.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Annaly Capital Management Price Performance
NLY traded up $0.01 on Friday, reaching $22.99. The company's stock had a trading volume of 1,245,467 shares, compared to its average volume of 8,341,812. Annaly Capital Management Inc has a 1 year low of $16.59 and a 1 year high of $24.52. The business's 50 day moving average is $23.13 and its 200 day moving average is $21.99. The stock has a market cap of $16.51 billion, a price-to-earnings ratio of 8.27, a price-to-earnings-growth ratio of 7.07 and a beta of 1.24.
Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its 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%. As a group, research analysts forecast that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.
Annaly Capital Management Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 12.2%. The ex-dividend date was Wednesday, December 31st. Annaly Capital Management's dividend payout ratio is 100.72%.
Analysts Set New Price Targets
A number of research analysts have commented on NLY shares. Piper Sandler reaffirmed an "overweight" rating and set a $25.00 target price (up previously from $23.50) on shares of Annaly Capital Management in a report on Thursday, January 15th. Argus upgraded Annaly Capital Management to a "strong-buy" rating in a research note on Thursday, February 5th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $25.00 price objective (up previously from $23.00) on shares of Annaly Capital Management in a report on Thursday, January 29th. 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. Finally, Keefe, Bruyette & Woods raised their target price on Annaly Capital Management from $23.25 to $25.00 and gave the company an "outperform" rating in a research note on Friday, January 30th. One 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. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $24.11.
Read Our Latest Research Report on NLY
Institutional Trading of Annaly Capital Management
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Fourth Dimension Wealth LLC lifted its position in Annaly Capital Management by 76.9% in the fourth quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 500 shares during the period. Camelot Portfolios LLC bought a new stake in Annaly Capital Management during the fourth quarter worth approximately $29,000. Financial Gravity Companies Inc. acquired a new position in Annaly Capital Management in the second quarter worth approximately $25,000. Mcguire Capital Advisors Inc. bought a new stake in shares of Annaly Capital Management during the 4th quarter worth $31,000. Finally, Delos Wealth Advisors LLC purchased a new position in Annaly Capital Management in the 2nd quarter worth about $28,000. 51.56% of the stock is currently owned by institutional investors.
Annaly Capital Management Company Profile
(
Get Free Report)
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.
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