Pacer Advisors Inc. reduced its stake in Annaly Capital Management Inc (NYSE:NLY – Free Report) by 22.5% in the 4th quarter, Holdings Channel reports. The firm owned 81,222 shares of the real estate investment trust’s stock after selling 23,558 shares during the period. Pacer Advisors Inc.’s holdings in Annaly Capital Management were worth $1,816,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fourth Dimension Wealth LLC lifted its holdings in Annaly Capital Management by 76.9% in the 4th quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 500 shares during the last quarter. Camelot Portfolios LLC bought a new position in Annaly Capital Management in the 4th quarter worth approximately $29,000. MCF Advisors LLC increased its position in Annaly Capital Management by 41.6% in the 3rd 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 period. Atlantic Union Bankshares Corp increased its position in Annaly Capital Management by 273.4% in the 3rd 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 period. Finally, Elevation Wealth Partners LLC bought a new position in Annaly Capital Management in the 4th quarter worth approximately $39,000. 51.56% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
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 sale, the chief financial officer directly owned 173,081 shares in the company, valued at approximately $4,005,094.34. The trade was a 8.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 in the company, valued at approximately $4,063,740. This represents a 12.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 71,252 shares of company stock worth $1,639,995. 0.22% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Annaly Capital Management Trading Down 0.6%
NLY opened at $22.02 on Friday. The stock has a market cap of $16.13 billion, a PE ratio of 7.44, a P/E/G ratio of 6.77 and a beta of 1.20. Annaly Capital Management Inc has a 1 year low of $18.43 and a 1 year high of $24.52. The stock’s 50 day simple moving average is $22.08 and its 200-day simple moving average is $22.48.
Annaly Capital Management (NYSE:NLY – Get Free Report) last released its quarterly earnings data on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $341.56 million for the quarter, compared to analysts’ expectations of $595.27 million. Annaly Capital Management had a return on equity of 15.92% and a net margin of 34.33%. Equities analysts forecast that Annaly Capital Management Inc will post 2.98 earnings per share for the current fiscal year.
Annaly Capital Management Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.70 per share. The ex-dividend date was Tuesday, March 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.7%. Annaly Capital Management’s payout ratio 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.
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