Left Brain Wealth Management LLC Buys 25,782 Shares of Annaly Capital Management Inc $NLY

Left Brain Wealth Management LLC lifted its stake in Annaly Capital Management Inc (NYSE:NLY) by 104.6% during the third quarter, Holdings Channel.com reports. The fund owned 50,430 shares of the real estate investment trust’s stock after buying an additional 25,782 shares during the period. Left Brain Wealth Management LLC’s holdings in Annaly Capital Management were worth $1,019,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Financial Gravity Companies Inc. acquired a new position in shares of Annaly Capital Management during the 2nd quarter worth approximately $25,000. Delos Wealth Advisors LLC acquired a new stake in shares of Annaly Capital Management in the 2nd quarter valued at approximately $28,000. Evolution Wealth Management Inc. bought a new position in shares of Annaly Capital Management in the second quarter valued at $29,000. Elevation Point Wealth Partners LLC acquired a new position in Annaly Capital Management during the second quarter worth $34,000. Finally, MCF Advisors LLC increased its holdings in Annaly Capital Management by 41.6% during the third quarter. MCF Advisors LLC now owns 1,688 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 496 shares during the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Stock Performance

Shares of NLY stock opened at $22.99 on Friday. Annaly Capital Management Inc has a 52 week low of $16.59 and a 52 week high of $24.52. The company has a market capitalization of $16.52 billion, a price-to-earnings ratio of 8.27, a PEG ratio of 7.05 and a beta of 1.24. The company has a 50-day simple moving average of $23.20 and a 200 day simple moving average of $22.15.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Wednesday, January 28th. The real estate investment trust reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.02. The firm had revenue of $1.06 billion for 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%. Sell-side analysts forecast that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.70 per share. The ex-dividend date was Wednesday, December 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.2%. Annaly Capital Management’s dividend payout ratio (DPR) is 100.72%.

Analyst Ratings Changes

NLY has been the subject of a number of recent analyst reports. Royal Bank Of Canada increased their price target on shares of Annaly Capital Management from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. JonesTrading upped their target price on shares of Annaly Capital Management from $22.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Argus upgraded Annaly Capital Management to a “strong-buy” rating in a report on Thursday, February 5th. Piper Sandler reissued an “overweight” rating and set a $25.00 price target (up from $23.50) on shares of Annaly Capital Management in a research report on Thursday, January 15th. Finally, BTIG Research raised 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. One equities research 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.com, the company has a consensus rating of “Moderate Buy” and an average price target of $24.11.

Insider Activity at Annaly Capital Management

In other news, COO Steven Francis Campbell sold 26,491 shares of Annaly Capital Management stock in a transaction on Wednesday, February 25th. The stock was 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 approximately $4,063,740. This trade represents a 12.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Serena Wolfe sold 16,536 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were 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 directly owned 173,081 shares of the company’s stock, valued at approximately $4,005,094.34. The trade was a 8.72% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 71,252 shares of company stock valued at $1,639,995. 0.22% of the stock is currently owned by insiders.

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.