Sumitomo Mitsui Trust Group Inc. Raises Holdings in Annaly Capital Management Inc $NLY

Sumitomo Mitsui Trust Group Inc. increased its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 5.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,100,446 shares of the real estate investment trust’s stock after purchasing an additional 52,828 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Annaly Capital Management were worth $24,606,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MCF Advisors LLC boosted its stake in Annaly Capital Management by 41.6% during the third quarter. MCF Advisors LLC now owns 1,688 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 496 shares during the last quarter. Elevation Wealth Partners LLC acquired a new position in Annaly Capital Management during the fourth quarter worth $39,000. Aventura Private Wealth LLC acquired a new position in Annaly Capital Management during the fourth quarter worth $39,000. Atlantic Union Bankshares Corp boosted its stake in Annaly Capital Management by 273.4% during the third quarter. Atlantic Union Bankshares Corp now owns 1,867 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 1,367 shares during the last quarter. Finally, AlphaQuest LLC acquired a new position in Annaly Capital Management during the third quarter worth $45,000. Institutional investors and hedge funds own 51.56% of the company’s stock.

Insider Buying and Selling at Annaly Capital Management

In other news, COO Steven Francis Campbell sold 28,225 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $23.12, for a total value of $652,562.00. Following the transaction, the chief operating officer owned 204,491 shares of the company’s stock, valued at $4,727,831.92. This represents a 12.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Serena Wolfe sold 16,536 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $23.14, for a total value of $382,643.04. Following the completion of the transaction, the chief financial officer directly owned 173,081 shares in the company, valued at approximately $4,005,094.34. This trade represents a 8.72% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 71,252 shares of company stock worth $1,639,995. Corporate insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on NLY shares. Keefe, Bruyette & Woods boosted their price objective on Annaly Capital Management from $23.25 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Wall Street Zen lowered Annaly Capital Management from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Piper Sandler lowered their price objective on Annaly Capital Management from $25.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, April 2nd. Argus raised Annaly Capital Management to a “strong-buy” rating in a research note on Thursday, February 5th. Finally, Barclays set a $24.00 price objective on Annaly Capital Management and gave the stock an “equal weight” rating in a research note on Friday, January 30th. One research 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $23.89.

Annaly Capital Management Stock Down 2.3%

Shares of Annaly Capital Management stock opened at $22.13 on Friday. Annaly Capital Management Inc has a 52 week low of $17.39 and a 52 week high of $24.52. The business’s fifty day simple moving average is $22.24 and its 200-day simple moving average is $22.23. The firm has a market cap of $15.90 billion, a PE ratio of 7.96, a price-to-earnings-growth ratio of 6.96 and a beta of 1.23.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results 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. Annaly Capital Management had a return on equity of 15.80% and a net margin of 34.02%.The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $567.67 million. As a group, equities analysts expect 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. Stockholders of record on Tuesday, March 31st will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 12.7%. The ex-dividend date of this dividend is Tuesday, March 31st. Annaly Capital Management’s dividend payout ratio is 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.