Robeco Institutional Asset Management B.V. Buys 41,214 Shares of 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, according to its most recent Form 13F filing with the SEC. The firm owned 182,302 shares of the real estate investment trust’s stock after purchasing 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 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Annaly Capital Management by 3.2% in the third quarter. Vanguard Group Inc. now owns 60,589,075 shares of the real estate investment trust’s stock valued at $1,224,505,000 after acquiring an additional 1,887,629 shares during the last quarter. State Street Corp grew its position in Annaly Capital Management by 7.4% in the third quarter. State Street Corp now owns 24,371,827 shares of the real estate investment trust’s stock valued at $508,920,000 after acquiring an additional 1,687,839 shares during the last quarter. Northern Trust Corp grew its position in Annaly Capital Management by 1.1% in the third quarter. Northern Trust Corp now owns 6,604,380 shares of the real estate investment trust’s stock valued at $133,475,000 after acquiring an additional 70,262 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Annaly Capital Management by 394.1% in the third 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 valued at $108,623,000 after acquiring an additional 4,286,893 shares during the last quarter. Finally, UBS Group AG grew its position in Annaly Capital Management by 21.4% in the third quarter. UBS Group AG now owns 3,662,780 shares of the real estate investment trust’s stock valued at $74,025,000 after acquiring an additional 645,527 shares during the last quarter. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Trading Down 2.3%

Shares of NLY stock opened at $22.13 on Friday. The business’s 50-day moving average price is $22.24 and its 200-day moving average price is $22.23. Annaly Capital Management Inc has a 12 month low of $17.39 and a 12 month high of $24.52. The firm has a market capitalization of $15.90 billion, a price-to-earnings ratio of 7.96, a PEG 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 analysts’ consensus estimates of $0.72 by $0.02. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $567.67 million. Annaly Capital Management had a return on equity of 15.80% and a net margin of 34.02%. On average, sell-side analysts predict that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wells Fargo & Company reissued an “overweight” rating and set a $25.00 price target (up from $23.00) on shares of Annaly Capital Management in a research note on Thursday, January 29th. Keefe, Bruyette & Woods lifted their price target on Annaly Capital Management from $23.25 to $25.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Piper Sandler cut their price target 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. Barclays set a $24.00 price target on Annaly Capital Management and gave the company an “equal weight” rating in a research note on Friday, January 30th. Finally, Wall Street Zen lowered Annaly Capital Management from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. One research 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 data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.89.

Insider Buying and Selling

In related news, CFO Serena Wolfe sold 16,536 shares of Annaly Capital Management stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $23.14, for a total value of $382,643.04. Following the transaction, the chief financial officer directly owned 173,081 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through the SEC website. Also, COO Steven Francis Campbell sold 28,225 shares of Annaly Capital Management stock in a transaction that occurred 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 completion of the transaction, the chief operating officer directly owned 204,491 shares in the company, valued at approximately $4,727,831.92. This represents a 12.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 71,252 shares of company stock worth $1,639,995. 0.22% of the stock is owned by insiders.

Annaly Capital Management 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.