Annaly Capital Management (NYSE:NLY) COO Steven Francis Campbell Sells 28,225 Shares of Stock

Annaly Capital Management Inc (NYSE:NLY) COO Steven Francis Campbell sold 28,225 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were 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 in the company, valued at $4,727,831.92. This represents a 12.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Annaly Capital Management Price Performance

Shares of Annaly Capital Management stock traded down $0.05 during trading hours on Friday, hitting $22.94. The company had a trading volume of 1,083,827 shares, compared to its average volume of 8,336,505. The company’s 50-day moving average is $23.13 and its two-hundred day moving average is $21.99. The company has a market cap of $16.48 billion, a P/E ratio of 8.25, a price-to-earnings-growth ratio of 7.07 and a beta of 1.24. Annaly Capital Management Inc has a twelve month low of $16.59 and a twelve month high of $24.52.

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

Annaly Capital Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders 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 annualized dividend and a yield of 12.2%. Annaly Capital Management’s payout ratio is 100.72%.

Institutional Investors Weigh In On Annaly Capital Management

A number of institutional investors have recently added to or reduced their stakes in NLY. Financial Gravity Companies Inc. acquired a new stake in shares of Annaly Capital Management in the 2nd quarter valued at approximately $25,000. Fourth Dimension Wealth LLC boosted its position in shares of Annaly Capital Management by 76.9% during the 4th 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 in the last quarter. Delos Wealth Advisors LLC purchased a new stake in shares of Annaly Capital Management during the 2nd quarter worth $28,000. Evolution Wealth Management Inc. acquired a new position in shares of Annaly Capital Management during the 2nd quarter worth $29,000. Finally, Camelot Portfolios LLC purchased a new stake in Annaly Capital Management during the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Wall Street Analyst Weigh In

NLY has been the topic of a number of recent research reports. Piper Sandler reaffirmed an “overweight” rating and issued a $25.00 target price (up from $23.50) on shares of Annaly Capital Management in a report on Thursday, January 15th. JonesTrading raised their price objective on shares of Annaly Capital Management from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $25.00 target price (up from $23.00) on shares of Annaly Capital Management in a report on Thursday, January 29th. BTIG Research upgraded shares of Annaly Capital Management from a “neutral” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Tuesday, January 6th. Finally, Barclays set a $24.00 price target on Annaly Capital Management and gave the company an “equal weight” rating in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $24.11.

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.