Robeco Institutional Asset Management B.V. Has $4.08 Million Stock Position in Annaly Capital Management Inc $NLY

Robeco Institutional Asset Management B.V. increased its stake in Annaly Capital Management Inc (NYSE:NLY) by 29.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 182,302 shares of the real estate investment trust’s stock after buying an additional 41,214 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Annaly Capital Management were worth $4,076,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. 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. Atlantic Union Bankshares Corp increased its holdings in Annaly Capital Management by 273.4% in the third quarter. Atlantic Union Bankshares Corp now owns 1,867 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 1,367 shares in the last quarter. Elevation Wealth Partners LLC bought a new stake in Annaly Capital Management in the fourth quarter worth approximately $39,000. Aventura Private Wealth LLC bought a new stake in Annaly Capital Management in the fourth quarter worth approximately $39,000. Finally, AlphaQuest LLC bought a new stake in Annaly Capital Management in the third quarter worth approximately $45,000. 51.56% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Annaly Capital Management

In other news, CFO Serena Wolfe sold 16,536 shares of the business’s 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 sale, the chief financial officer owned 173,081 shares in the company, valued at $4,005,094.34. The trade was a 8.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Steven Francis Campbell sold 26,491 shares of the business’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 sale, the chief operating officer owned 178,000 shares of the company’s stock, valued at approximately $4,063,740. This represents a 12.95% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 71,252 shares of company stock valued at $1,639,995. Corporate insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on NLY shares. Argus upgraded Annaly Capital Management to a “strong-buy” rating in a report on Thursday, February 5th. 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. JonesTrading lifted their target price on Annaly Capital Management from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. BTIG Research upgraded Annaly Capital Management from a “neutral” rating to a “buy” rating and set a $25.00 target price for the company in a report on Tuesday, January 6th. Finally, JPMorgan Chase & Co. lowered their target price on Annaly Capital Management from $25.00 to $23.00 and set an “overweight” rating for the company in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $23.89.

Annaly Capital Management Stock Down 2.3%

NYSE NLY opened at $22.13 on Friday. The company has a market cap of $15.90 billion, a price-to-earnings ratio of 7.96, a P/E/G ratio of 6.96 and a beta of 1.23. Annaly Capital Management Inc has a 52 week low of $17.39 and a 52 week high of $24.52. The business has a 50 day moving average price of $22.24 and a 200-day moving average price of $22.23.

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, beating the consensus estimate of $0.72 by $0.02. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $567.67 million. Annaly Capital Management had a return on equity of 15.80% and a net margin of 34.02%. On average, equities research analysts anticipate that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.70 per share. The ex-dividend date is Tuesday, March 31st. This represents a $2.80 annualized dividend and a dividend yield of 12.7%. Annaly Capital Management’s payout ratio is currently 100.72%.

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.