Horizon Investments LLC Buys New Holdings in Annaly Capital Management Inc $NLY

Horizon Investments LLC bought a new stake in Annaly Capital Management Inc (NYSE:NLY) during the fourth quarter, HoldingsChannel reports. The fund bought 355,372 shares of the real estate investment trust’s stock, valued at approximately $7,946,000.

Other large investors have also recently bought and sold shares of the company. Camelot Portfolios LLC purchased a new stake in Annaly Capital Management in the fourth quarter valued at approximately $29,000. MCF Advisors LLC boosted its position in Annaly Capital Management by 41.6% in the third quarter. MCF Advisors LLC now owns 1,688 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 496 shares during the last quarter. Atlantic Union Bankshares Corp boosted its position in Annaly Capital Management by 273.4% in the third quarter. Atlantic Union Bankshares Corp now owns 1,867 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 1,367 shares during the last quarter. Elevation Wealth Partners LLC purchased a new stake in Annaly Capital Management in the fourth quarter valued at approximately $39,000. Finally, Aventura Private Wealth LLC purchased a new stake in Annaly Capital Management in the fourth quarter valued at approximately $39,000. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Trading Down 0.3%

Annaly Capital Management stock opened at $22.84 on Friday. Annaly Capital Management Inc has a 12 month low of $18.43 and a 12 month high of $24.52. The stock’s 50 day simple moving average is $22.20 and its two-hundred day simple moving average is $22.38. The firm has a market cap of $16.41 billion, a PE ratio of 7.72, a P/E/G ratio of 6.97 and a beta of 1.20.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Tuesday, April 21st. The real estate investment trust reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. Annaly Capital Management had a return on equity of 15.92% and a net margin of 34.33%.The business had revenue of $341.56 million for the quarter, compared to analyst estimates of $595.27 million. On average, equities research analysts forecast that Annaly Capital Management Inc will post 2.98 EPS for the current year.

Annaly Capital Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 12.3%. The ex-dividend date was Tuesday, March 31st. Annaly Capital Management’s dividend payout ratio is currently 94.59%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on NLY shares. Wall Street Zen upgraded Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reiterated a “hold (c)” rating on shares of Annaly Capital Management in a research report on Wednesday, January 21st. Keefe, Bruyette & Woods upped their target price on Annaly Capital Management from $23.25 to $25.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Argus upgraded Annaly Capital Management to a “strong-buy” rating in a research report on Thursday, February 5th. Finally, BTIG Research upgraded Annaly Capital Management from a “neutral” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.22.

Insider Activity at Annaly Capital Management

In other Annaly Capital Management news, COO Steven Francis Campbell sold 26,491 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $22.83, for a total value of $604,789.53. Following the sale, the chief operating officer owned 178,000 shares in the company, valued at approximately $4,063,740. This represents a 12.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Serena Wolfe sold 16,536 shares of the company’s 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 completion of the sale, the chief financial officer owned 173,081 shares in the company, valued at approximately $4,005,094.34. This represents a 8.72% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 71,252 shares of company stock worth $1,639,995. Insiders own 0.22% of the company’s stock.

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.