Annaly Capital Management Inc $NLY Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its holdings in shares of Annaly Capital Management Inc (NYSE:NLY) by 4.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,623,165 shares of the real estate investment trust’s stock after selling 79,184 shares during the period. Victory Capital Management Inc. owned approximately 0.24% of Annaly Capital Management worth $32,804,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC lifted its position in Annaly Capital Management by 111.8% during the 1st quarter. AQR Capital Management LLC now owns 56,803 shares of the real estate investment trust’s stock worth $1,154,000 after acquiring an additional 29,978 shares during the period. Integrated Wealth Concepts LLC raised its stake in shares of Annaly Capital Management by 39.4% during the first quarter. Integrated Wealth Concepts LLC now owns 14,874 shares of the real estate investment trust’s stock worth $302,000 after purchasing an additional 4,205 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Annaly Capital Management by 17.4% during the first quarter. Millennium Management LLC now owns 541,733 shares of the real estate investment trust’s stock worth $11,003,000 after purchasing an additional 80,481 shares during the period. NewEdge Advisors LLC grew its position in Annaly Capital Management by 20.8% in the 1st quarter. NewEdge Advisors LLC now owns 17,845 shares of the real estate investment trust’s stock valued at $362,000 after buying an additional 3,074 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Annaly Capital Management by 833.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust’s stock valued at $59,318,000 after buying an additional 2,607,784 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Insider Buying and Selling

In other Annaly Capital Management news, COO Steven Francis Campbell sold 26,491 shares of the business’s 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 sale, the chief operating officer directly owned 178,000 shares in the company, valued at approximately $4,063,740. The trade was a 12.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Serena Wolfe sold 16,536 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were 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 directly owned 173,081 shares in the company, valued at $4,005,094.34. This trade 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 Stock Down 2.4%

Shares of NLY opened at $22.43 on Monday. Annaly Capital Management Inc has a 52-week low of $16.59 and a 52-week high of $24.52. The company has a 50-day simple moving average of $23.19 and a 200-day simple moving average of $22.18. The company has a market capitalization of $16.11 billion, a PE ratio of 8.07, a P/E/G ratio of 6.89 and a beta of 1.24.

Annaly Capital Management (NYSE:NLY) last issued its earnings results on Wednesday, January 28th. The real estate investment trust reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.02. Annaly Capital Management had a net margin of 34.02% and a return on equity of 15.80%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $567.67 million. On average, research analysts anticipate 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. Stockholders of record on Wednesday, December 31st were paid 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 dividend yield of 12.5%. Annaly Capital Management’s payout ratio is 100.72%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. JonesTrading upped 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. Argus upgraded shares of Annaly Capital Management to a “strong-buy” rating in a research note on Thursday, February 5th. BTIG Research raised shares of Annaly Capital Management from a “neutral” rating to a “buy” rating and set a $25.00 price target for the company in a report on Tuesday, January 6th. Piper Sandler reaffirmed an “overweight” rating and issued a $25.00 price objective (up from $23.50) on shares of Annaly Capital Management in a report on Thursday, January 15th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $25.00 target price (up from $23.00) on shares of Annaly Capital Management in a research report on Thursday, January 29th. One equities 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $24.11.

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.