Payden & Rygel Sells 30,200 Shares of Annaly Capital Management Inc $NLY

Payden & Rygel reduced its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 7.7% in the 4th quarter, Holdings Channel reports. The firm owned 361,100 shares of the real estate investment trust’s stock after selling 30,200 shares during the quarter. Payden & Rygel’s holdings in Annaly Capital Management were worth $8,074,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NLY. Koshinski Asset Management Inc. increased its stake in shares of Annaly Capital Management by 1.9% in the fourth quarter. Koshinski Asset Management Inc. now owns 24,513 shares of the real estate investment trust’s stock valued at $548,000 after buying an additional 463 shares during the period. ProShare Advisors LLC lifted its stake in shares of Annaly Capital Management by 1.8% in the third quarter. ProShare Advisors LLC now owns 27,309 shares of the real estate investment trust’s stock worth $552,000 after acquiring an additional 481 shares during the period. MCF Advisors LLC lifted its stake 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 worth $35,000 after acquiring an additional 496 shares during the period. Fourth Dimension Wealth LLC boosted its holdings in Annaly Capital Management by 76.9% in the fourth quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 500 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its position in Annaly Capital Management by 1.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 39,282 shares of the real estate investment trust’s stock valued at $794,000 after purchasing an additional 524 shares during the period. 51.56% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on NLY shares. Wall Street Zen upgraded shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. JonesTrading reiterated a “buy” rating and set a $25.00 price objective on shares of Annaly Capital Management in a research report on Wednesday, April 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Annaly Capital Management in a research note on Wednesday, January 21st. Wells Fargo & Company restated an “overweight” rating and issued a $25.00 target price (up from $23.00) on shares of Annaly Capital Management in a report on Thursday, January 29th. Finally, Barclays set a $24.00 price target on shares of Annaly Capital Management and gave the company an “equal weight” 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 assigned a Hold rating to the company. According to data from MarketBeat.com, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.22.

Insider Buying and Selling at Annaly Capital Management

In other news, COO Steven Francis Campbell sold 26,491 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $22.83, for a total transaction of $604,789.53. Following the transaction, the chief operating officer owned 178,000 shares in the company, valued at approximately $4,063,740. This represents a 12.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Serena Wolfe sold 16,536 shares of the stock in a transaction dated 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 $4,005,094.34. This trade represents a 8.72% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 71,252 shares of company stock valued at $1,639,995. Insiders own 0.22% of the company’s stock.

Annaly Capital Management Stock Performance

Shares of NLY opened at $21.57 on Tuesday. The firm has a market cap of $15.81 billion, a PE ratio of 7.29, a price-to-earnings-growth ratio of 6.62 and a beta of 1.20. Annaly Capital Management Inc has a 52-week low of $18.43 and a 52-week high of $24.52. The business’s 50 day moving average price is $22.03 and its two-hundred day moving average price is $22.48.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Tuesday, April 21st. The real estate investment trust reported $0.76 EPS for the quarter, topping 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 company had revenue of $341.56 million during the quarter, compared to the consensus estimate of $595.27 million. Research analysts predict that Annaly Capital Management Inc will post 2.98 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 13.0%. The ex-dividend date was Tuesday, March 31st. Annaly Capital Management’s dividend payout ratio (DPR) 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.