Annaly Capital Management Inc $NLY Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. boosted its holdings in Annaly Capital Management Inc (NYSE:NLY) by 3.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 60,589,075 shares of the real estate investment trust’s stock after buying an additional 1,887,629 shares during the quarter. Vanguard Group Inc. owned about 0.09% of Annaly Capital Management worth $1,224,505,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Financial Gravity Companies Inc. purchased a new stake in Annaly Capital Management in the 2nd quarter valued at about $25,000. Delos Wealth Advisors LLC acquired a new stake in shares of Annaly Capital Management in the second quarter worth approximately $28,000. Evolution Wealth Management Inc. purchased a new stake in Annaly Capital Management in the second quarter valued at approximately $29,000. Elevation Point Wealth Partners LLC purchased a new stake in Annaly Capital Management in the second quarter valued at approximately $34,000. Finally, MCF Advisors LLC increased its position 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 purchasing an additional 496 shares during the last quarter. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on NLY shares. Argus upgraded shares of Annaly Capital Management to a “strong-buy” rating in a report on Thursday, February 5th. JonesTrading increased their target price on Annaly Capital Management from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Annaly Capital Management in a report on Wednesday, January 21st. Royal Bank Of Canada boosted their price target 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. Finally, Keefe, Bruyette & Woods raised their price objective on Annaly Capital Management from $23.25 to $25.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $24.11.

Insider Activity

In related news, CFO Serena Wolfe sold 16,536 shares of the business’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 transaction of $382,643.04. Following the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Steven Francis Campbell sold 28,225 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $23.12, for a total value 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 approximately $4,727,831.92. This represents a 12.13% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.22% of the company’s stock.

Annaly Capital Management Trading Up 0.2%

NYSE:NLY opened at $23.02 on Friday. The firm has a market capitalization of $16.53 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 7.06 and a beta of 1.24. The firm’s fifty day simple moving average is $23.15 and its 200 day simple moving average is $22.00. 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 (EPS) for the quarter, beating 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 firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $567.67 million. On average, analysts predict that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, December 31st were paid a $0.70 dividend. 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%.

About Annaly Capital Management

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.