80,000 Shares in Annaly Capital Management Inc $NLY Purchased by American Assets Investment Management LLC

Key Points

• American Assets Investment Management LLC opened a new position in Annaly Capital Management, buying 80,000 shares valued at about $1.79 million in the fourth quarter.
• Annaly reported Q1 earnings of $0.76 per share, topping analyst expectations by $0.02, though revenue of $341.56 million fell well short of forecasts.
• The REIT continues to offer a hefty payout, with a quarterly dividend of $0.70 per share and an annualized yield of about 12.4%; analysts currently rate the stock Moderate Buy with an average target of $24.22.

American Assets Investment Management LLC acquired a new position in Annaly Capital Management Inc (NYSE:NLY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 80,000 shares of the real estate investment trust's stock, valued at approximately $1,789,000.

Other institutional investors also recently bought and sold shares of the company. Koshinski Asset Management Inc. boosted its position in shares of Annaly Capital Management by 1.9% during the fourth quarter. Koshinski Asset Management Inc. now owns 24,513 shares of the real estate investment trust's stock valued at $548,000 after buying an additional 463 shares during the period. ProShare Advisors LLC lifted its holdings in Annaly Capital Management by 1.8% during the third quarter. ProShare Advisors LLC now owns 27,309 shares of the real estate investment trust's stock worth $552,000 after buying an additional 481 shares during the period. MCF Advisors LLC lifted its position in shares of 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 valued at $35,000 after buying an additional 496 shares during the last quarter. Quadrant Capital Group LLC increased its stake in Annaly Capital Management by 1.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 39,282 shares of the real estate investment trust's stock valued at $794,000 after purchasing an additional 524 shares in the last quarter. Finally, Jupiter Wealth Management LLC boosted its holdings in Annaly Capital Management by 3.4% in the second quarter. Jupiter Wealth Management LLC now owns 16,621 shares of the real estate investment trust's stock valued at $347,000 after purchasing an additional 551 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors.

Annaly Capital Management Trading Up 1.0%

NYSE:NLY opened at $22.61 on Friday. Annaly Capital Management Inc has a 52 week low of $18.43 and a 52 week high of $24.52. The firm has a market capitalization of $16.56 billion, a PE ratio of 7.64, a price-to-earnings-growth ratio of 6.83 and a beta of 1.20. The stock has a 50 day moving average of $22.17 and a 200-day moving average of $22.43.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its quarterly earnings data on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share for the quarter, beating 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 business had revenue of $341.56 million for the quarter, compared to analysts' expectations of $595.27 million. As a group, analysts predict that Annaly Capital Management Inc will post 2.98 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 12.4%. The ex-dividend date was Tuesday, March 31st. Annaly Capital Management's payout ratio is presently 94.59%.

Insiders Place Their Bets

In other news, CFO Serena Wolfe sold 16,536 shares of the 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 of the company's stock, valued at approximately $4,005,094.34. This represents a 8.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Steven Francis Campbell sold 28,225 shares of the firm's stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $23.12, for a total transaction of $652,562.00. Following the completion of the sale, the chief operating officer owned 204,491 shares in the company, valued at approximately $4,727,831.92. The trade was a 12.13% 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 in the last quarter. 0.22% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Barclays set a $24.00 price objective on Annaly Capital Management and gave the company an "equal weight" rating in a research note on Friday, January 30th. Wall Street Zen raised Annaly Capital Management from a "sell" rating to a "hold" rating in a report on Saturday, May 2nd. Piper Sandler cut their target price on shares of Annaly Capital Management from $25.00 to $22.00 and set an "overweight" rating on the stock in a report on Thursday, April 2nd. UBS Group restated a "neutral" rating and set a $23.00 price target (up from $22.50) on shares of Annaly Capital Management in a research note on Friday, April 24th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and set a $25.00 price objective (up from $23.00) on shares of Annaly Capital Management in a report on Thursday, January 29th. One 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.com, Annaly Capital Management presently has an average 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.

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