UBS Group AG Sells 1,638,091 Shares of Annaly Capital Management Inc $NLY

UBS Group AG trimmed its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 44.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,024,689 shares of the real estate investment trust’s stock after selling 1,638,091 shares during the period. UBS Group AG’s holdings in Annaly Capital Management were worth $45,272,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Annaly Capital Management by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 63,613,639 shares of the real estate investment trust’s stock worth $1,422,401,000 after purchasing an additional 3,024,564 shares during the last quarter. State Street Corp grew its holdings in Annaly Capital Management by 7.4% during the 3rd quarter. State Street Corp now owns 24,371,827 shares of the real estate investment trust’s stock valued at $508,920,000 after buying an additional 1,687,839 shares in the last quarter. Northern Trust Corp grew its holdings in Annaly Capital Management by 1.1% during the 3rd quarter. Northern Trust Corp now owns 6,604,380 shares of the real estate investment trust’s stock valued at $133,475,000 after buying an additional 70,262 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Annaly Capital Management by 394.1% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,374,696 shares of the real estate investment trust’s stock worth $108,623,000 after acquiring an additional 4,286,893 shares during the last quarter. Finally, LSV Asset Management increased its stake in Annaly Capital Management by 1.9% in the 3rd quarter. LSV Asset Management now owns 3,013,141 shares of the real estate investment trust’s stock worth $60,896,000 after acquiring an additional 57,082 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors.

Insider Transactions at Annaly Capital Management

In related news, COO Steven Francis Campbell sold 26,491 shares of Annaly Capital Management 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 completion of the sale, the chief operating officer owned 178,000 shares in the company, valued at $4,063,740. This trade represents a 12.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Serena Wolfe sold 16,536 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $23.14, for a total transaction of $382,643.04. Following the completion of the sale, the chief financial officer directly owned 173,081 shares of the company’s stock, valued at approximately $4,005,094.34. This trade represents a 8.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 71,252 shares of company stock valued at $1,639,995 in the last quarter. 0.22% of the stock is currently owned by company insiders.

Analyst Ratings Changes

NLY has been the subject of a number of research reports. Wells Fargo & Company reiterated an “overweight” rating and set a $25.00 target price (up from $23.00) on shares of Annaly Capital Management in a research report on Thursday, January 29th. Keefe, Bruyette & Woods boosted their price target on shares of Annaly Capital Management from $23.25 to $25.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Annaly Capital Management in a research note on Wednesday, January 21st. Barclays set a $24.00 price objective on shares of Annaly Capital Management and gave the company an “equal weight” rating in a research report on Friday, January 30th. Finally, JonesTrading restated a “buy” rating and issued a $25.00 target price on shares of Annaly Capital Management in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $24.22.

Annaly Capital Management Stock Performance

Shares of NYSE NLY opened at $22.55 on Thursday. Annaly Capital Management Inc has a fifty-two week low of $18.43 and a fifty-two week high of $24.52. The company has a market cap of $16.53 billion, a price-to-earnings ratio of 7.62, a PEG ratio of 6.83 and a beta of 1.20. The business’s 50 day moving average price is $22.18 and its 200-day moving average price is $22.42.

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, beating the consensus estimate of $0.74 by $0.02. Annaly Capital Management had a return on equity of 15.92% and a net margin of 34.33%.The company had revenue of $341.56 million for the quarter, compared to the consensus estimate of $595.27 million. Sell-side analysts predict that Annaly Capital Management Inc will post 2.98 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, March 31st were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 12.4%. The ex-dividend date of this dividend was Tuesday, March 31st. Annaly Capital Management’s dividend payout ratio (DPR) is currently 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.