Key Points
- COO Steven Francis Campbell sold 26,491 NLY shares on Feb. 25 at an average price of $22.83 for $604,789.53, reducing his stake by 12.95% to 178,000 shares.
- Annaly paid a quarterly dividend of $0.70 (annualized $2.80) yielding about 12.0%, with a payout ratio of 100.72%.
- The company beat quarterly EPS estimates ($0.74 vs. $0.72) and reported $1.06 billion in revenue, and several analysts have raised price targets to around $25, leaving a consensus rating of "Moderate Buy" (avg. target $24.11).
Annaly Capital Management Inc (NYSE:NLY - Get Free Report) COO Steven Francis Campbell sold 26,491 shares of Annaly Capital Management stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $22.83, for a total transaction of $604,789.53. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Steven Francis Campbell also recently made the following trade(s):
- On Wednesday, February 18th, Steven Francis Campbell sold 28,225 shares of Annaly Capital Management stock. The stock was sold at an average price of $23.12, for a total value of $652,562.00.
Annaly Capital Management Stock Performance
Shares of NLY stock opened at $23.25 on Friday. The stock's 50 day simple moving average is $23.21 and its 200 day simple moving average is $22.09. Annaly Capital Management Inc has a twelve month low of $16.59 and a twelve month high of $24.52. The company has a market capitalization of $16.70 billion, a price-to-earnings ratio of 8.36, a PEG ratio of 7.16 and a beta of 1.24.
Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The real estate investment trust reported $0.74 earnings per share (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 during the quarter, compared to the consensus estimate of $567.67 million. On average, analysts forecast that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.
Annaly Capital Management Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, December 31st were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.80 dividend on an annualized basis and a yield of 12.0%. Annaly Capital Management's payout ratio is 100.72%.
Wall Street Analysts Forecast Growth
NLY has been the subject of a number of recent research reports. JonesTrading upped their target price on Annaly Capital Management from $22.00 to $25.00 and gave the company a "buy" rating in a research note on Thursday, January 29th. Royal Bank Of Canada lifted their price objective 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 upgraded shares of Annaly Capital Management to a "strong-buy" rating in a research report on Thursday, February 5th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $25.00 price target (up from $23.00) on shares of Annaly Capital Management in a research note on Thursday, January 29th. Finally, Piper Sandler restated an "overweight" rating and issued a $25.00 price objective (up from $23.50) on shares of Annaly Capital Management in a report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Annaly Capital Management presently has an average rating of "Moderate Buy" and a consensus target price of $24.11.
Check Out Our Latest Analysis on Annaly Capital Management
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Annaly Capital Management during the 4th quarter worth approximately $162,477,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Annaly Capital Management by 394.1% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,374,696 shares of the real estate investment trust's stock valued at $108,623,000 after purchasing an additional 4,286,893 shares during the period. Vanguard Group Inc. grew its stake in shares of Annaly Capital Management by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 63,613,639 shares of the real estate investment trust's stock valued at $1,422,401,000 after acquiring an additional 3,024,564 shares in the last quarter. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Annaly Capital Management in the fourth quarter valued at approximately $63,699,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of 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. Institutional investors own 51.56% of the company's stock.
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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