Cwm LLC Has $1.48 Million Stake in Annaly Capital Management Inc $NLY

Key Points

• Cwm LLC increased its stake in Annaly by 305.5%, ending the quarter with 65,951 shares worth about $1.48 million.
• Company insiders have been net sellers — the COO sold 26,491 shares and the CFO 16,536, with insiders selling 71,252 shares (~$1.64M) over the past 90 days and now owning 0.22% of the stock.
• Annaly declared a quarterly dividend of $0.70 per share (annualized $2.80), implying a 12.3% yield and a payout ratio of ~94.6%, payable April 30.

Cwm LLC lifted its position in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 305.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,951 shares of the real estate investment trust's stock after purchasing an additional 49,686 shares during the quarter. Cwm LLC's holdings in Annaly Capital Management were worth $1,475,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. MCF Advisors LLC raised 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 worth $35,000 after purchasing an additional 496 shares during the period. Elevation Wealth Partners LLC acquired a new position in shares of Annaly Capital Management during the fourth quarter worth approximately $39,000. Aventura Private Wealth LLC acquired a new position in shares of Annaly Capital Management during the fourth quarter worth approximately $39,000. Atlantic Union Bankshares Corp raised its position in shares of Annaly Capital Management by 273.4% during the third quarter. Atlantic Union Bankshares Corp now owns 1,867 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 1,367 shares during the period. Finally, AlphaQuest LLC acquired a new position in shares of Annaly Capital Management during the third quarter worth approximately $45,000. 51.56% of the stock is 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 the firm's 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 completion of the sale, the chief operating officer directly owned 178,000 shares of the company's stock, valued at $4,063,740. This trade represents a 12.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Serena Wolfe sold 16,536 shares of the firm's stock in a transaction on 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 of the company's stock, valued at approximately $4,005,094.34. This represents a 8.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 71,252 shares of company stock valued at $1,639,995. Insiders own 0.22% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on NLY shares. Keefe, Bruyette & Woods upped their target price on Annaly Capital Management from $23.25 to $25.00 and gave the stock an "outperform" rating in a research report on Friday, January 30th. UBS Group reissued a "neutral" rating and issued a $23.00 price target (up from $22.50) on shares of Annaly Capital Management in a research report on Friday. Weiss Ratings reissued a "hold (c)" rating on shares of Annaly Capital Management in a research report on Wednesday, January 21st. Wells Fargo & Company reissued an "overweight" rating and issued a $25.00 price target (up from $23.00) on shares of Annaly Capital Management in a research report on Thursday, January 29th. Finally, Piper Sandler lowered their price target on Annaly Capital Management from $25.00 to $22.00 and set an "overweight" rating for the company in a research report on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $24.22.

Annaly Capital Management Trading Up 0.1%

NYSE NLY opened at $22.78 on Monday. The firm has a market capitalization of $16.36 billion, a P/E ratio of 7.69, a PEG ratio of 6.99 and a beta of 1.23. The business has a fifty day simple moving average of $22.21 and a 200 day simple moving average of $22.34. Annaly Capital Management Inc has a 12 month low of $18.43 and a 12 month high of $24.52.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.02. The business had revenue of $341.56 million during the quarter, compared to analyst estimates of $595.27 million. Annaly Capital Management had a return on equity of 15.92% and a net margin of 34.33%. As a group, sell-side analysts predict that Annaly Capital Management Inc will post 2.96 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.80 annualized dividend and a dividend yield of 12.3%. Annaly Capital Management's dividend payout ratio (DPR) is currently 94.59%.

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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