Sullivan Wood Capital Management LLC Purchases 28,450 Shares of Annaly Capital Management Inc $NLY

Sullivan Wood Capital Management LLC increased its position in Annaly Capital Management Inc (NYSE:NLY) by 83.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,550 shares of the real estate investment trust’s stock after buying an additional 28,450 shares during the quarter. Annaly Capital Management accounts for approximately 2.2% of Sullivan Wood Capital Management LLC’s holdings, making the stock its 12th biggest holding. Sullivan Wood Capital Management LLC’s holdings in Annaly Capital Management were worth $1,439,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NLY. Vanguard Group Inc. grew its holdings in Annaly Capital Management by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 60,589,075 shares of the real estate investment trust’s stock worth $1,224,505,000 after acquiring an additional 1,887,629 shares during the last quarter. State Street Corp raised its stake in shares of Annaly Capital Management by 7.4% during the third quarter. State Street Corp now owns 24,371,827 shares of the real estate investment trust’s stock valued at $508,920,000 after acquiring an additional 1,687,839 shares during the last quarter. Northern Trust Corp raised its stake in shares of Annaly Capital Management by 1.1% during the third quarter. Northern Trust Corp now owns 6,604,380 shares of the real estate investment trust’s stock valued at $133,475,000 after acquiring an additional 70,262 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Annaly Capital Management by 394.1% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,374,696 shares of the real estate investment trust’s stock worth $108,623,000 after purchasing an additional 4,286,893 shares during the period. Finally, UBS Group AG boosted its holdings in shares of Annaly Capital Management by 21.4% during the third quarter. UBS Group AG now owns 3,662,780 shares of the real estate investment trust’s stock worth $74,025,000 after purchasing an additional 645,527 shares during the period. 51.56% of the stock is currently owned by institutional investors.

Annaly Capital Management Price Performance

Shares of NYSE NLY opened at $21.38 on Friday. Annaly Capital Management Inc has a 1 year low of $16.59 and a 1 year high of $24.52. The stock has a market capitalization of $15.36 billion, a P/E ratio of 7.69, a P/E/G ratio of 6.57 and a beta of 1.23. The company’s 50-day moving average is $22.49 and its 200 day moving average is $22.18.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data 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. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $567.67 million. Annaly Capital Management had a net margin of 34.02% and a return on equity of 15.80%. Research analysts anticipate that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.1%. The ex-dividend date is Tuesday, March 31st. Annaly Capital Management’s dividend payout ratio (DPR) is presently 100.72%.

Analyst Ratings Changes

NLY has been the topic of a number of research analyst reports. Wells Fargo & Company restated an “overweight” rating and set a $25.00 price target (up from $23.00) on shares of Annaly Capital Management in a report on Thursday, January 29th. BTIG Research upgraded Annaly Capital Management from a “neutral” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Tuesday, January 6th. Keefe, Bruyette & Woods boosted their target price on Annaly Capital Management from $23.25 to $25.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. JonesTrading upped their target price on Annaly Capital Management from $22.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Finally, Argus raised Annaly Capital Management to a “strong-buy” rating in a research note on Thursday, February 5th. One investment 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $23.78.

Insider Activity at Annaly Capital Management

In other Annaly Capital Management news, COO Steven Francis Campbell sold 26,491 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $22.83, for a total value of $604,789.53. Following the completion of the transaction, the chief operating officer owned 178,000 shares in the company, valued at approximately $4,063,740. This represents 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 firm’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 transaction, the chief financial officer directly owned 173,081 shares of the company’s stock, valued at $4,005,094.34. This represents a 8.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 71,252 shares of company stock worth $1,639,995 over the last 90 days. 0.22% of the stock is currently owned by corporate insiders.

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.