Annaly Capital Management Inc $NLY Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 145.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 580,438 shares of the real estate investment trust’s stock after buying an additional 343,499 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Annaly Capital Management were worth $12,979,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NLY. Belpointe Asset Management LLC lifted its stake in shares of Annaly Capital Management by 8.0% in the 4th quarter. Belpointe Asset Management LLC now owns 56,888 shares of the real estate investment trust’s stock worth $1,272,000 after acquiring an additional 4,228 shares during the period. Proffitt & Goodson Inc. increased its stake in shares of Annaly Capital Management by 1.9% during the fourth quarter. Proffitt & Goodson Inc. now owns 56,927 shares of the real estate investment trust’s stock valued at $1,273,000 after acquiring an additional 1,064 shares during the period. Fortis Capital Advisors LLC increased its stake in shares of Annaly Capital Management by 5.3% during the fourth quarter. Fortis Capital Advisors LLC now owns 11,149 shares of the real estate investment trust’s stock valued at $249,000 after acquiring an additional 560 shares during the period. Krilogy Financial LLC bought a new stake in Annaly Capital Management during the fourth quarter worth approximately $207,000. Finally, Bayforest Capital Ltd bought a new stake in Annaly Capital Management during the fourth quarter worth approximately $53,000. 51.56% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NLY has been the topic of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Annaly Capital Management in a research report on Wednesday, January 21st. Wall Street Zen cut Annaly Capital Management from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Barclays set a $24.00 target price on Annaly Capital Management and gave the stock an “equal weight” rating in a report on Friday, January 30th. BTIG Research raised shares of Annaly Capital Management from a “neutral” rating to a “buy” rating and set a $25.00 price target for the company in a report on Tuesday, January 6th. Finally, JonesTrading restated a “buy” rating and set a $25.00 price objective on shares of Annaly Capital Management in a research report on Wednesday. One research 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’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $24.00.

Insider Activity

In other news, COO Steven Francis Campbell sold 28,225 shares of Annaly Capital Management 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 transaction, the chief operating officer directly 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Serena Wolfe sold 16,536 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $23.14, for a total transaction of $382,643.04. Following the sale, the chief financial officer owned 173,081 shares in the company, valued at $4,005,094.34. This represents a 8.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 71,252 shares of company stock valued at $1,639,995. Corporate insiders own 0.22% of the company’s stock.

Annaly Capital Management Stock Down 0.9%

NLY opened at $22.42 on Friday. The firm has a market cap of $16.10 billion, a PE ratio of 7.57, a P/E/G ratio of 7.02 and a beta of 1.23. The business has a fifty day simple moving average of $22.22 and a 200-day simple moving average of $22.30. Annaly Capital Management Inc has a fifty-two week low of $18.43 and a fifty-two week high of $24.52.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $595.27 million. On average, equities research analysts anticipate that Annaly Capital Management Inc will post 2.93 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently announced 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 12.5%. The ex-dividend date is Tuesday, March 31st. Annaly Capital Management’s dividend payout ratio (DPR) is presently 94.59%.

About Annaly Capital Management

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.