Annaly Capital Management, Inc. (NYSE:NLY) Shares Sold by abrdn plc

abrdn plc reduced its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 72.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 177,264 shares of the real estate investment trust’s stock after selling 473,098 shares during the period. abrdn plc’s holdings in Annaly Capital Management were worth $3,434,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP grew its stake in shares of Annaly Capital Management by 1,801.9% in the 3rd quarter. Wellington Management Group LLP now owns 803,555 shares of the real estate investment trust’s stock valued at $15,115,000 after buying an additional 761,304 shares during the period. International Assets Investment Management LLC purchased a new position in Annaly Capital Management in the fourth quarter worth approximately $95,350,000. Dupree Financial Group LLC purchased a new position in Annaly Capital Management in the fourth quarter worth approximately $9,222,000. Schonfeld Strategic Advisors LLC increased its stake in Annaly Capital Management by 45.5% during the third quarter. Schonfeld Strategic Advisors LLC now owns 1,437,877 shares of the real estate investment trust’s stock worth $27,046,000 after acquiring an additional 449,881 shares during the last quarter. Finally, Algebris UK Ltd purchased a new stake in Annaly Capital Management in the third quarter valued at $7,964,000. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Stock Up 1.0 %

Shares of NYSE NLY opened at $18.88 on Monday. Annaly Capital Management, Inc. has a 12-month low of $14.52 and a 12-month high of $21.07. The stock has a market cap of $9.45 billion, a P/E ratio of -19.46 and a beta of 1.54. The company has a current ratio of 0.10, a quick ratio of 1.22 and a debt-to-equity ratio of 1.58. The business’s fifty day simple moving average is $19.11 and its 200-day simple moving average is $18.63.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.64. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $320.00 million. Annaly Capital Management had a positive return on equity of 15.13% and a negative net margin of 8.38%. During the same quarter last year, the company earned $0.81 EPS. As a group, equities analysts predict that Annaly Capital Management, Inc. will post 2.54 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.77%. The ex-dividend date of this dividend is Wednesday, March 27th. Annaly Capital Management’s dividend payout ratio is presently -268.04%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NLY. Royal Bank of Canada reiterated an “outperform” rating and set a $21.00 price target on shares of Annaly Capital Management in a report on Monday, February 12th. Jonestrading reiterated a “buy” rating and set a $21.00 price target on shares of Annaly Capital Management in a research report on Thursday. Compass Point began coverage on Annaly Capital Management in a research note on Tuesday, April 2nd. They set a “buy” rating and a $22.00 price target on the stock. StockNews.com upgraded Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, January 27th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $21.50 target price on shares of Annaly Capital Management in a report on Wednesday, March 27th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.08.

Insider Activity

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $19.03, for a total transaction of $951,500.00. Following the sale, the chief executive officer now owns 662,469 shares of the company’s stock, valued at $12,606,785.07. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.21% of the company’s stock.

Annaly Capital Management Company Profile

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.