Insider Selling: Annaly Capital Management, Inc. (NYSE:NLY) CEO Sells $1,002,500.00 in Stock

Annaly Capital Management, Inc. (NYSE:NLY) CEO David L. Finkelstein sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $20.05, for a total transaction of $1,002,500.00. Following the transaction, the chief executive officer now owns 612,469 shares of the company’s stock, valued at $12,280,003.45. The transaction was disclosed in a filing with the SEC, which is available through this link.

Annaly Capital Management Stock Down 0.4 %

NLY opened at $20.06 on Thursday. Annaly Capital Management, Inc. has a twelve month low of $14.52 and a twelve month high of $21.07. The company has a fifty day moving average of $19.83 and a 200-day moving average of $19.46. The stock has a market cap of $10.04 billion, a PE ratio of -20.68 and a beta of 1.53.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.02. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $318.00 million. Annaly Capital Management had a negative net margin of 12.02% and a positive return on equity of 15.24%. During the same period last year, the company posted $0.72 earnings per share. Sell-side analysts anticipate that Annaly Capital Management, Inc. will post 2.67 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, June 28th were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 12.96%. The ex-dividend date was Friday, June 28th. Annaly Capital Management’s payout ratio is currently -268.04%.

Analyst Upgrades and Downgrades

NLY has been the subject of a number of research analyst reports. StockNews.com cut shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. raised their price target on shares of Annaly Capital Management from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Janney Montgomery Scott initiated coverage on shares of Annaly Capital Management in a research note on Thursday, June 6th. They set a “buy” rating and a $21.00 price target for the company. Compass Point raised their price target on shares of Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Jonestrading reaffirmed a “buy” rating and set a $21.00 price target on shares of Annaly Capital Management in a research note on Thursday, April 25th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.14.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in Annaly Capital Management in the fourth quarter worth about $492,000. Daiwa Securities Group Inc. increased its stake in shares of Annaly Capital Management by 3.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 30,145 shares of the real estate investment trust’s stock worth $584,000 after purchasing an additional 1,000 shares in the last quarter. Federated Hermes Inc. increased its stake in shares of Annaly Capital Management by 21.0% in the fourth quarter. Federated Hermes Inc. now owns 69,494 shares of the real estate investment trust’s stock worth $1,346,000 after purchasing an additional 12,075 shares in the last quarter. Xponance Inc. increased its stake in shares of Annaly Capital Management by 1.5% in the fourth quarter. Xponance Inc. now owns 60,532 shares of the real estate investment trust’s stock worth $1,173,000 after purchasing an additional 881 shares in the last quarter. Finally, J.W. Cole Advisors Inc. increased its stake in shares of Annaly Capital Management by 38.2% in the fourth quarter. J.W. Cole Advisors Inc. now owns 17,826 shares of the real estate investment trust’s stock worth $345,000 after purchasing an additional 4,924 shares in the last quarter. 51.56% of the stock is owned by institutional investors.

About Annaly Capital Management

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.