Annaly Capital Management Inc $NLY Shares Purchased by Brevan Howard Capital Management LP

Key Points

• Brevan Howard Capital Management more than doubled its stake in Annaly, increasing holdings by 105.4% to 275,484 shares after adding 141,384 shares (worth about $5.57 million) in Q3.
• Annaly declared a quarterly dividend of $0.70 (annualized $2.80) with an ex-dividend date of March 31, implying a 12.8% yield and a payout ratio around 100.7%.
• Company insiders have been selling recently: the COO and CFO sold shares (totaling 42, +26,491 and 16,536 respectively) and insiders disposed of 71,252 shares worth about $1.64 million over the last 90 days.

Brevan Howard Capital Management LP increased its stake in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 105.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 275,484 shares of the real estate investment trust's stock after acquiring an additional 141,384 shares during the quarter. Brevan Howard Capital Management LP's holdings in Annaly Capital Management were worth $5,568,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Summit Global Investments increased its stake in shares of Annaly Capital Management by 332.3% during the third quarter. Summit Global Investments now owns 59,797 shares of the real estate investment trust's stock worth $1,209,000 after purchasing an additional 45,966 shares in the last quarter. Mediolanum International Funds Ltd raised its position in shares of Annaly Capital Management by 13.2% during the 3rd quarter. Mediolanum International Funds Ltd now owns 523,277 shares of the real estate investment trust's stock worth $10,947,000 after purchasing an additional 60,814 shares during the last quarter. Vanguard Group Inc. lifted its stake in Annaly Capital Management by 4.2% in the 2nd quarter. Vanguard Group Inc. now owns 58,701,446 shares of the real estate investment trust's stock valued at $1,104,761,000 after buying an additional 2,344,867 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Annaly Capital Management by 73.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 270,482 shares of the real estate investment trust's stock worth $5,680,000 after buying an additional 114,946 shares during the last quarter. Finally, CreativeOne Wealth LLC acquired a new stake in Annaly Capital Management in the 2nd quarter worth about $429,000. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Annaly Capital Management

In other news, COO Steven Francis Campbell sold 26,491 shares of Annaly Capital Management stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $22.83, for a total transaction of $604,789.53. Following the transaction, the chief operating officer owned 178,000 shares in the company, valued at $4,063,740. The trade was a 12.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Serena Wolfe sold 16,536 shares of Annaly Capital Management stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $23.14, for a total value 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 represents a 8.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 71,252 shares of company stock valued at $1,639,995. 0.22% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on NLY shares. Keefe, Bruyette & Woods increased their target price 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 price target (up from $23.50) on shares of Annaly Capital Management in a research note on Thursday, January 15th. Weiss Ratings reiterated a "hold (c)" rating on shares of Annaly Capital Management in a research report on Wednesday, January 21st. Royal Bank Of Canada increased their price objective on Annaly Capital Management from $23.00 to $25.00 and gave the company an "outperform" rating in a research note on Thursday, February 5th. Finally, Wells Fargo & Company restated an "overweight" rating and issued a $25.00 price objective (up from $23.00) on shares of Annaly Capital Management in a report on Thursday, January 29th. One 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $24.11.

Annaly Capital Management Trading Down 0.7%

NLY stock opened at $21.85 on Monday. The firm has a 50-day moving average of $23.14 and a two-hundred day moving average of $22.23. Annaly Capital Management Inc has a 12 month low of $16.59 and a 12 month high of $24.52. The company has a market cap of $15.69 billion, a price-to-earnings ratio of 7.86, a PEG ratio of 6.72 and a beta of 1.24.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its earnings results on Wednesday, January 28th. The real estate investment trust reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.02. The business had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $567.67 million. Annaly Capital Management had a return on equity of 15.80% and a net margin of 34.02%. As a group, equities analysts forecast that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.80 dividend on an annualized basis and a yield of 12.8%. Annaly Capital Management's payout ratio is 100.72%.

Annaly Capital Management 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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