J. Safra Sarasin Holding AG Takes $971,000 Position in Annaly Capital Management Inc $NLY

J. Safra Sarasin Holding AG purchased a new stake in Annaly Capital Management Inc (NYSE:NLY) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 43,420 shares of the real estate investment trust’s stock, valued at approximately $971,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NLY. Delos Wealth Advisors LLC purchased a new position in Annaly Capital Management in the second quarter worth $28,000. Evolution Wealth Management Inc. purchased a new stake in shares of Annaly Capital Management during the 2nd quarter worth $29,000. MCF Advisors LLC boosted its position 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 purchasing an additional 496 shares in the last quarter. Elevation Wealth Partners LLC acquired a new position in shares of Annaly Capital Management during the 4th quarter worth $39,000. Finally, Aventura Private Wealth LLC purchased a new position in shares of Annaly Capital Management in the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Stock Down 0.0%

NYSE:NLY opened at $21.15 on Thursday. The company has a market capitalization of $15.19 billion, a PE ratio of 7.61, a price-to-earnings-growth ratio of 6.50 and a beta of 1.24. Annaly Capital Management Inc has a 52-week low of $16.59 and a 52-week high of $24.52. The stock has a fifty day simple moving average of $22.59 and a 200-day simple moving average of $22.20.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Wednesday, January 28th. The real estate investment trust reported $0.74 EPS for the quarter, topping the consensus estimate of $0.72 by $0.02. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $567.67 million. Annaly Capital Management had a net margin of 34.02% and a return on equity of 15.80%. As a group, equities analysts anticipate that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 13.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Annaly Capital Management’s dividend payout ratio is 100.72%.

Analyst Upgrades and Downgrades

Several analysts recently commented on NLY shares. Keefe, Bruyette & Woods raised their price objective on shares of Annaly Capital Management from $23.25 to $25.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Royal Bank Of Canada increased their target price on shares of Annaly Capital Management from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Weiss Ratings reiterated 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 set a $25.00 price target (up from $23.00) on shares of Annaly Capital Management in a research note on Thursday, January 29th. Finally, Piper Sandler restated an “overweight” rating and issued a $25.00 price target (up from $23.50) on shares of Annaly Capital Management in a report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.11.

Insider Activity

In related news, CFO Serena Wolfe sold 16,536 shares of Annaly Capital Management stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 173,081 shares in the company, valued at $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 is available at this hyperlink. Also, COO Steven Francis Campbell sold 26,491 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $22.83, for a total value of $604,789.53. Following the completion of the sale, the chief operating officer directly owned 178,000 shares in the company, valued at approximately $4,063,740. The trade was a 12.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 71,252 shares of company stock worth $1,639,995 in the last ninety days. Insiders own 0.22% of the company’s stock.

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.