J. Safra Sarasin Holding AG Purchases New Position in Annaly Capital Management Inc $NLY

J. Safra Sarasin Holding AG acquired a new stake in Annaly Capital Management Inc (NYSE:NLY) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 43,420 shares of the real estate investment trust’s stock, valued at approximately $971,000.

Other hedge funds also recently made changes to their positions in the company. Delos Wealth Advisors LLC purchased a new stake in shares of Annaly Capital Management in the 2nd quarter valued at about $28,000. Evolution Wealth Management Inc. purchased a new position in Annaly Capital Management during the 2nd quarter worth approximately $29,000. Elevation Point Wealth Partners LLC purchased a new position in Annaly Capital Management during the 2nd quarter worth approximately $34,000. 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 buying an additional 496 shares during the period. Finally, Atlantic Union Bankshares Corp increased its position in Annaly Capital Management by 273.4% during the third quarter. Atlantic Union Bankshares Corp now owns 1,867 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 1,367 shares during the period. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Trading Down 0.0%

Shares of NLY stock opened at $21.15 on Thursday. The company has a market capitalization of $15.19 billion, a P/E ratio of 7.61, a price-to-earnings-growth ratio of 6.50 and a beta of 1.24. The business’s 50 day moving average is $22.59 and its two-hundred day moving average is $22.20. 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 released its quarterly earnings results on Wednesday, January 28th. The real estate investment trust reported $0.74 EPS for the quarter, topping 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 business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $567.67 million. As a group, equities analysts predict that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, March 31st. This represents a $2.80 dividend on an annualized basis and a yield of 13.2%. Annaly Capital Management’s dividend payout ratio is presently 100.72%.

Insider Buying and Selling at Annaly Capital Management

In other news, COO Steven Francis Campbell sold 26,491 shares of the firm’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $22.83, for a total value of $604,789.53. Following the completion of the sale, the chief operating officer owned 178,000 shares in the company, valued at approximately $4,063,740. This trade represents a 12.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Serena Wolfe sold 16,536 shares of the business’s stock in a transaction dated 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 owned 173,081 shares in the company, valued at approximately $4,005,094.34. This trade represents a 8.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 71,252 shares of company stock valued at $1,639,995 in the last 90 days. Company insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

NLY has been the subject of several research analyst reports. Keefe, Bruyette & Woods increased their price objective on Annaly Capital Management from $23.25 to $25.00 and gave the company an “outperform” rating in a report on Friday, January 30th. 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. Royal Bank Of Canada upped their price target on shares of Annaly Capital Management from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Annaly Capital Management in a research note on Wednesday, January 21st. Finally, Argus raised shares of Annaly Capital Management to a “strong-buy” rating in a research report on Thursday, February 5th. 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.