Annaly Capital Management Inc $NLY Stock Holdings Decreased by Mount Lucas Management LP

Mount Lucas Management LP lowered its stake in Annaly Capital Management Inc (NYSE:NLY) by 25.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 217,000 shares of the real estate investment trust’s stock after selling 74,600 shares during the period. Annaly Capital Management makes up approximately 1.8% of Mount Lucas Management LP’s portfolio, making the stock its 6th biggest holding. Mount Lucas Management LP’s holdings in Annaly Capital Management were worth $4,386,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Norges Bank acquired a new position in Annaly Capital Management in the 2nd quarter valued at $130,626,000. Goldman Sachs Group Inc. lifted its stake in shares of Annaly Capital Management by 833.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust’s stock worth $59,318,000 after acquiring an additional 2,607,784 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Annaly Capital Management by 4.2% in the second quarter. Vanguard Group Inc. now owns 58,701,446 shares of the real estate investment trust’s stock valued at $1,104,761,000 after acquiring an additional 2,344,867 shares in the last quarter. Amundi boosted its holdings in shares of Annaly Capital Management by 147.9% in the second quarter. Amundi now owns 2,055,226 shares of the real estate investment trust’s stock valued at $39,707,000 after acquiring an additional 1,226,028 shares in the last quarter. Finally, Brandywine Global Investment Management LLC increased its stake in shares of Annaly Capital Management by 33.3% during the second quarter. Brandywine Global Investment Management LLC now owns 4,328,606 shares of the real estate investment trust’s stock worth $81,464,000 after acquiring an additional 1,081,482 shares during the period. 51.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NLY. BTIG Research upgraded shares of Annaly Capital Management from a “neutral” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Tuesday, January 6th. Barclays set a $24.00 target price on Annaly Capital Management and gave the stock an “equal weight” rating in a research note on Friday, January 30th. Keefe, Bruyette & Woods raised their price target on Annaly Capital Management from $23.25 to $25.00 and gave the company an “outperform” rating in a report on Friday, January 30th. 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 note on Thursday, February 5th. Finally, Argus upgraded Annaly Capital Management to a “strong-buy” rating in a research report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Annaly Capital Management currently has an average rating of “Moderate Buy” and an average price target of $24.11.

Insiders Place Their Bets

In other news, COO Steven Francis Campbell sold 28,225 shares of Annaly Capital Management stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $23.12, for a total transaction of $652,562.00. Following the completion of the transaction, the chief operating officer owned 204,491 shares of the company’s stock, valued at $4,727,831.92. The trade was a 12.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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 completion of the sale, the chief financial officer owned 173,081 shares in the company, valued at $4,005,094.34. This represents a 8.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.22% of the company’s stock.

Annaly Capital Management Trading Up 0.8%

Shares of Annaly Capital Management stock opened at $23.00 on Wednesday. The company has a 50-day moving average of $23.18 and a two-hundred day moving average of $22.05. Annaly Capital Management Inc has a 12-month low of $16.59 and a 12-month high of $24.52. The stock has a market cap of $16.52 billion, a PE ratio of 8.27, a price-to-earnings-growth ratio of 7.01 and a beta of 1.24.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results 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 return on equity of 15.80% and a net margin of 34.02%.The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $567.67 million. On average, sell-side analysts forecast that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

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