QRG Capital Management Inc. Purchases 71,080 Shares of Annaly Capital Management Inc $NLY

Key Points

• QRG Capital Management increased its stake in Annaly by 27.7% in Q4, buying 71,080 shares to own 327,771 shares valued at about $7.33 million.
• Annaly declared a quarterly dividend of $0.70 (annualized $2.80), implying a 12.5% yield with a payout ratio around 94.6%.
• The company reported quarterly EPS of $0.76 (vs. $0.74 expected) but revenue missed estimates at $341.6M, and the stock trades at a P/E of 7.57 with a MarketBeat consensus price target near $24.22 ("Moderate Buy").

QRG Capital Management Inc. increased its position in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 27.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 327,771 shares of the real estate investment trust's stock after purchasing an additional 71,080 shares during the quarter. QRG Capital Management Inc.'s holdings in Annaly Capital Management were worth $7,329,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of NLY. Truist Financial Corp raised its stake in shares of Annaly Capital Management by 14.1% in the 4th quarter. Truist Financial Corp now owns 127,045 shares of the real estate investment trust's stock valued at $2,841,000 after buying an additional 15,736 shares in the last quarter. Advisors Preferred LLC acquired a new stake in shares of Annaly Capital Management during the 4th quarter valued at about $283,000. Strs Ohio boosted its position in shares of Annaly Capital Management by 6.6% during the 4th quarter. Strs Ohio now owns 16,372 shares of the real estate investment trust's stock valued at $366,000 after acquiring an additional 1,009 shares in the last quarter. PFA Pension Forsikringsaktieselskab bought a new stake in Annaly Capital Management in the fourth quarter valued at about $63,699,000. Finally, Horizon Investments LLC acquired a new position in Annaly Capital Management in the fourth quarter worth about $7,946,000. Institutional investors and hedge funds own 51.56% of the company's stock.

Annaly Capital Management Stock Up 0.2%

Shares of NLY stock opened at $22.40 on Wednesday. The company has a market capitalization of $16.41 billion, a P/E ratio of 7.57, a P/E/G ratio of 6.82 and a beta of 1.20. Annaly Capital Management Inc has a 12-month low of $18.43 and a 12-month high of $24.52. The firm has a 50-day moving average price of $22.18 and a 200 day moving average price of $22.41.

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, topping the consensus estimate of $0.74 by $0.02. The firm had revenue of $341.56 million for the quarter, compared to analysts' expectations of $595.27 million. Annaly Capital Management had a net margin of 34.33% and a return on equity of 15.92%. As a group, research analysts expect that Annaly Capital Management Inc will post 2.98 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, March 31st were given 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 yield of 12.5%. Annaly Capital Management's dividend payout ratio is 94.59%.

Insider Buying and Selling

In other Annaly Capital Management news, 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 completion of the transaction, the chief financial officer owned 173,081 shares in the company, valued at approximately $4,005,094.34. The trade was a 8.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Steven Francis Campbell sold 26,491 shares of the business's stock in a transaction on 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 represents a 12.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 71,252 shares of company stock worth $1,639,995. 0.22% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Argus upgraded shares of Annaly Capital Management to a "strong-buy" rating in a research note on Thursday, February 5th. Piper Sandler lowered their price objective on Annaly Capital Management from $25.00 to $22.00 and set an "overweight" rating on the stock in a research note on Thursday, April 2nd. JPMorgan Chase & Co. increased their target price on Annaly Capital Management from $23.00 to $24.00 and gave the stock an "overweight" rating in a report on Thursday, April 23rd. Barclays set a $24.00 target price on Annaly Capital Management and gave the stock an "equal weight" rating in a research report on Friday, January 30th. Finally, Keefe, Bruyette & Woods upped their price target on Annaly Capital Management from $23.25 to $25.00 and gave the company an "outperform" rating in a research report on Friday, January 30th. 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 stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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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