Barclays PLC Sells 575,739 Shares of Annaly Capital Management Inc $NLY

Key Points

• Barclays PLC trimmed its stake in Annaly by 21.5%, selling 575,739 shares and leaving it with 2,098,322 shares (about 0.31% of the company) valued at roughly $42.4 million.
• Annaly beat quarterly expectations, reporting EPS of $0.74 versus $0.72 consensus and revenue of $1.06 billion versus $567.7 million estimated.
• Company insiders have been selling recently — the COO and CFO sold shares and insiders disposed of 71,252 shares (~$1.64 million) in the past 90 days, leaving insiders with about 0.22% ownership.

Barclays PLC reduced its stake in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 21.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,098,322 shares of the real estate investment trust's stock after selling 575,739 shares during the quarter. Barclays PLC owned 0.31% of Annaly Capital Management worth $42,407,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Financial Gravity Companies Inc. bought a new stake in Annaly Capital Management during the second quarter worth about $25,000. Delos Wealth Advisors LLC bought a new position in Annaly Capital Management in the 2nd quarter valued at about $28,000. Evolution Wealth Management Inc. acquired a new position in shares of Annaly Capital Management in the 2nd quarter valued at approximately $29,000. MCF Advisors LLC lifted its holdings in shares of Annaly Capital Management by 41.6% during the 3rd quarter. MCF Advisors LLC now owns 1,688 shares of the real estate investment trust's stock worth $35,000 after acquiring an additional 496 shares during the period. Finally, Elevation Point Wealth Partners LLC bought a new stake in shares of Annaly Capital Management during the 2nd quarter worth approximately $34,000. Institutional investors own 51.56% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Weiss Ratings restated a "hold (c)" rating on shares of Annaly Capital Management in a research note on Wednesday, January 21st. BTIG Research upgraded Annaly Capital Management from a "neutral" rating to a "buy" rating and set a $25.00 price target on the stock in a research note on Tuesday, January 6th. Barclays set a $24.00 price target on Annaly Capital Management and gave the stock an "equal weight" rating in a report on Friday, January 30th. Piper Sandler restated an "overweight" rating and set a $25.00 price objective (up from $23.50) on shares of Annaly Capital Management in a research report on Thursday, January 15th. Finally, Argus raised Annaly Capital Management to a "strong-buy" rating in a research note on Thursday, February 5th. One equities research 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. Based on data from MarketBeat.com, Annaly Capital Management has an average rating of "Moderate Buy" and an average target price of $24.11.

Insiders Place Their Bets

In other Annaly Capital Management news, COO Steven Francis Campbell sold 26,491 shares of the stock in a transaction dated 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 directly owned 178,000 shares in the company, valued at approximately $4,063,740. This trade 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 that occurred on Wednesday, February 18th. The shares were sold at an average price of $23.14, for a total transaction of $382,643.04. Following the completion of the transaction, the chief financial officer owned 173,081 shares of the company's stock, valued at approximately $4,005,094.34. This trade represents a 8.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 71,252 shares of company stock worth $1,639,995 in the last 90 days. 0.22% of the stock is currently owned by corporate insiders.

Annaly Capital Management Price Performance

Shares of Annaly Capital Management stock opened at $22.51 on Wednesday. Annaly Capital Management Inc has a fifty-two week low of $16.59 and a fifty-two week high of $24.52. The firm has a market capitalization of $16.17 billion, a P/E ratio of 8.10, a P/E/G ratio of 6.82 and a beta of 1.24. The company's 50 day moving average price is $23.16 and its two-hundred day moving average price is $22.20.

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

About Annaly Capital Management

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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