New York State Teachers Retirement System Increases Holdings in Annaly Capital Management Inc $NLY

New York State Teachers Retirement System increased its position in Annaly Capital Management Inc (NYSE:NLY) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 563,879 shares of the real estate investment trust’s stock after acquiring an additional 26,693 shares during the period. New York State Teachers Retirement System’s holdings in Annaly Capital Management were worth $12,608,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of NLY. Camelot Portfolios LLC acquired a new stake in Annaly Capital Management in the fourth quarter valued at $29,000. MCF Advisors LLC raised its stake 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 buying an additional 496 shares during the last quarter. Atlantic Union Bankshares Corp boosted its position in shares of Annaly Capital Management by 273.4% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 1,867 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 1,367 shares in the last quarter. Aventura Private Wealth LLC acquired a new position in Annaly Capital Management during the fourth quarter worth about $39,000. Finally, Elevation Wealth Partners LLC acquired a new stake in shares of Annaly Capital Management in the fourth quarter valued at approximately $39,000. 51.56% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Annaly Capital Management news, COO Steven Francis Campbell sold 28,225 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $23.12, for a total value of $652,562.00. Following the completion of the sale, the chief operating officer owned 204,491 shares of the company’s stock, valued at $4,727,831.92. This trade represents a 12.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Serena Wolfe sold 16,536 shares of the business’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $23.14, for a total transaction of $382,643.04. Following the transaction, the chief financial officer directly owned 173,081 shares in the company, valued at approximately $4,005,094.34. The trade was a 8.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In 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.

Annaly Capital Management Stock Performance

NYSE NLY opened at $22.84 on Monday. Annaly Capital Management Inc has a one year low of $18.43 and a one year high of $24.52. The company’s 50 day moving average price is $22.20 and its 200 day moving average price is $22.40. The firm has a market capitalization of $16.74 billion, a price-to-earnings ratio of 7.72, a PEG ratio of 6.97 and a beta of 1.20.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $595.27 million. Sell-side analysts forecast that Annaly Capital Management Inc will post 2.98 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business 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 of this dividend was Tuesday, March 31st. This represents a $2.80 annualized dividend and a yield of 12.3%. Annaly Capital Management’s payout ratio is 94.59%.

Analyst Ratings Changes

NLY has been the subject of a number of analyst reports. Wall Street Zen raised Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Saturday. Wells Fargo & Company reiterated an “overweight” rating and set a $25.00 price objective (up from $23.00) on shares of Annaly Capital Management in a research report on Thursday, January 29th. UBS Group reissued a “neutral” rating and issued a $23.00 target price (up from $22.50) on shares of Annaly Capital Management in a research note on Friday, April 24th. Piper Sandler reduced their target price on shares of Annaly Capital Management from $25.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, April 2nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Annaly Capital Management in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Annaly Capital Management 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.