Payden & Rygel Sells 30,200 Shares of Annaly Capital Management Inc $NLY

Payden & Rygel lessened its stake in Annaly Capital Management Inc (NYSE:NLY) by 7.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 361,100 shares of the real estate investment trust’s stock after selling 30,200 shares during the quarter. Payden & Rygel owned about 0.05% of Annaly Capital Management worth $8,074,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NLY. TD Private Client Wealth LLC raised its position in shares of Annaly Capital Management by 361.3% in the 4th quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 1,178 shares in the last quarter. Mission Wealth Management LP boosted its position in shares of Annaly Capital Management by 8.2% during the 4th quarter. Mission Wealth Management LP now owns 11,634 shares of the real estate investment trust’s stock worth $260,000 after acquiring an additional 880 shares in the last quarter. North Dakota State Investment Board acquired a new stake in shares of Annaly Capital Management during the 4th quarter worth approximately $506,000. Soltis Investment Advisors LLC bought a new position in Annaly Capital Management in the fourth quarter valued at approximately $252,000. Finally, Accredited Investors Inc. bought a new position in Annaly Capital Management in the fourth quarter valued at approximately $347,000. Institutional investors own 51.56% of the company’s stock.

Insider Transactions at Annaly Capital Management

In other Annaly Capital Management news, COO Steven Francis Campbell sold 28,225 shares of the stock in a transaction dated 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 directly owned 204,491 shares in the company, valued at approximately $4,727,831.92. This trade represents a 12.13% 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 Annaly Capital Management stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $23.14, for a total value of $382,643.04. Following the sale, the chief financial officer directly owned 173,081 shares in the company, valued at $4,005,094.34. The trade was a 8.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 71,252 shares of company stock valued at $1,639,995. Insiders own 0.22% of the company’s stock.

Annaly Capital Management Price Performance

Shares of NYSE:NLY opened at $21.57 on Tuesday. Annaly Capital Management Inc has a one year low of $18.43 and a one year high of $24.52. The company has a market cap of $15.81 billion, a price-to-earnings ratio of 7.29, a PEG ratio of 6.62 and a beta of 1.20. The firm has a 50 day simple moving average of $22.03 and a 200 day simple moving average of $22.48.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Annaly Capital Management had a net margin of 34.33% and a return on equity of 15.92%. The firm had revenue of $341.56 million for the quarter, compared to analysts’ expectations of $595.27 million. As a group, analysts expect that Annaly Capital Management Inc will post 2.98 EPS for the current year.

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 13.0%. The ex-dividend date of this dividend was Tuesday, March 31st. Annaly Capital Management’s dividend payout ratio is presently 94.59%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on NLY shares. Piper Sandler cut their target price on Annaly Capital Management from $25.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, April 2nd. Argus upgraded Annaly Capital Management to a “strong-buy” rating in a research note on Thursday, February 5th. JPMorgan Chase & Co. boosted their price target on Annaly Capital Management from $23.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. JonesTrading restated a “buy” rating and set a $25.00 price objective on shares of Annaly Capital Management in a research report on Wednesday, April 22nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Annaly Capital Management in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $24.22.

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.