Horizon Investments LLC Acquires New Shares in Annaly Capital Management Inc $NLY

Key Points

• Horizon Investments LLC acquired a new stake of 355,372 shares in Annaly Capital Management in Q4, valued at about $7.95 million and representing roughly 0.05% of the company.
• Insider selling has been notable: COO Steven Campbell sold 26,491 shares at about $22.83 and CFO Serena Wolfe sold 16,536 shares at about $23.14, with insiders offloading 71,252 shares (≈$1.64M) in the last 90 days and now owning 0.22% of the stock.
• Income and analyst outlook: Annaly pays a quarterly dividend of $0.70 (annualized $2.80) for a 12.3% yield, and the stock has a "Moderate Buy" consensus with an average price target of $24.22 after a recent quarter that beat EPS expectations ($0.76 vs. $0.74).

Horizon Investments LLC acquired a new stake in Annaly Capital Management Inc (NYSE:NLY - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 355,372 shares of the real estate investment trust's stock, valued at approximately $7,946,000. Horizon Investments LLC owned approximately 0.05% of Annaly Capital Management at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Camelot Portfolios LLC bought a new stake in shares of Annaly Capital Management in the fourth quarter valued at about $29,000. MCF Advisors LLC raised its holdings in shares of Annaly Capital Management by 41.6% in the third quarter. MCF Advisors LLC now owns 1,688 shares of the real estate investment trust's stock valued at $35,000 after acquiring an additional 496 shares in the last quarter. Elevation Wealth Partners LLC bought a new stake in shares of Annaly Capital Management in the fourth quarter valued at about $39,000. Aventura Private Wealth LLC bought a new stake in shares of Annaly Capital Management in the fourth quarter valued at about $39,000. Finally, Atlantic Union Bankshares Corp raised its holdings in shares of Annaly Capital Management by 273.4% in the third quarter. Atlantic Union Bankshares Corp now owns 1,867 shares of the real estate investment trust's stock valued at $38,000 after acquiring an additional 1,367 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors.

Insider Transactions at Annaly Capital Management

In other news, COO Steven Francis Campbell sold 26,491 shares of the business's stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $22.83, for a total transaction of $604,789.53. Following the sale, the chief operating officer owned 178,000 shares in the company, valued at approximately $4,063,740. The trade was a 12.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Serena Wolfe sold 16,536 shares of the business's stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $23.14, for a total value of $382,643.04. Following the sale, the chief financial officer owned 173,081 shares in the company, valued at $4,005,094.34. The trade was a 8.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 71,252 shares of company stock worth $1,639,995 in the last 90 days. Insiders own 0.22% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on NLY shares. JPMorgan Chase & Co. boosted their target price on shares of Annaly Capital Management from $23.00 to $24.00 and gave the stock an "overweight" rating in a report on Thursday, April 23rd. Piper Sandler reduced their target price on shares of Annaly Capital Management from $25.00 to $22.00 and set an "overweight" rating for the company in a report on Thursday, April 2nd. Weiss Ratings reiterated a "hold (c)" rating on shares of Annaly Capital Management in a report on Wednesday, January 21st. Royal Bank Of Canada boosted their target price on shares of Annaly Capital Management from $23.00 to $25.00 and gave the stock an "outperform" rating in a report on Thursday, February 5th. Finally, Barclays set a $24.00 target price on shares of Annaly Capital Management and gave the stock an "equal weight" rating in a report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $24.22.

Annaly Capital Management Stock Performance

Shares of Annaly Capital Management stock opened at $22.84 on Friday. The company has a market capitalization of $16.41 billion, a PE ratio of 7.72, a P/E/G ratio of 6.97 and a beta of 1.20. The company has a 50-day simple moving average of $22.20 and a two-hundred day simple moving average of $22.38. Annaly Capital Management Inc has a one year low of $18.43 and a one year high of $24.52.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $595.27 million. On average, equities analysts predict that Annaly Capital Management Inc will post 2.98 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st were paid a dividend of $0.70 per share. The ex-dividend date was Tuesday, March 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.3%. Annaly Capital Management's payout ratio is presently 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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