Pacer Advisors Inc. Has $1.82 Million Stock Position in Annaly Capital Management Inc $NLY

Pacer Advisors Inc. decreased its stake in Annaly Capital Management Inc (NYSE:NLY) by 22.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 81,222 shares of the real estate investment trust’s stock after selling 23,558 shares during the quarter. Pacer Advisors Inc.’s holdings in Annaly Capital Management were worth $1,816,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of NLY. Koshinski Asset Management Inc. grew its stake in Annaly Capital Management by 1.9% during the 4th quarter. Koshinski Asset Management Inc. now owns 24,513 shares of the real estate investment trust’s stock valued at $548,000 after acquiring an additional 463 shares in the last quarter. ProShare Advisors LLC grew its stake in Annaly Capital Management by 1.8% during the 3rd quarter. ProShare Advisors LLC now owns 27,309 shares of the real estate investment trust’s stock valued at $552,000 after acquiring an additional 481 shares in the last quarter. MCF Advisors LLC grew its stake in Annaly Capital Management by 41.6% during the 3rd quarter. MCF Advisors LLC now owns 1,688 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 496 shares in the last quarter. Fourth Dimension Wealth LLC grew its stake in Annaly Capital Management by 76.9% during the 4th quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 500 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its stake in Annaly Capital Management by 1.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 39,282 shares of the real estate investment trust’s stock valued at $794,000 after acquiring an additional 524 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Insider Activity

In related news, COO Steven Francis Campbell sold 26,491 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $22.83, for a total value of $604,789.53. Following the completion of the sale, the chief operating officer directly owned 178,000 shares in the company, valued at approximately $4,063,740. The trade was a 12.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 stock was sold at an average price of $23.14, for a total value of $382,643.04. Following the completion of the sale, the chief financial officer owned 173,081 shares of the company’s stock, valued at approximately $4,005,094.34. This trade represents a 8.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 71,252 shares of company stock valued at $1,639,995. 0.22% of the stock is owned by corporate insiders.

Annaly Capital Management Price Performance

Shares of Annaly Capital Management stock opened at $22.02 on Friday. The firm has a market cap of $16.13 billion, a price-to-earnings ratio of 7.44, a P/E/G ratio of 6.77 and a beta of 1.20. Annaly Capital Management Inc has a 52-week low of $18.43 and a 52-week high of $24.52. The stock has a 50-day simple moving average of $22.08 and a 200-day simple moving average of $22.48.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. The business had revenue of $341.56 million during the quarter, compared to analyst estimates of $595.27 million. Annaly Capital Management had a return on equity of 15.92% and a net margin of 34.33%. As a group, equities research analysts predict that Annaly Capital Management Inc will post 2.98 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 12.7%. The ex-dividend date was Tuesday, March 31st. Annaly Capital Management’s payout ratio is currently 94.59%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Annaly Capital Management in a research note on Wednesday, January 21st. UBS Group reaffirmed a “neutral” rating and set a $23.00 target price (up from $22.50) on shares of Annaly Capital Management in a research note on Friday, April 24th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $25.00 target price (up from $23.00) on shares of Annaly Capital Management in a research note on Thursday, January 29th. Royal Bank Of Canada lifted their target price on Annaly Capital Management from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Finally, Barclays set a $24.00 target price on Annaly Capital Management and gave the company an “equal weight” rating in a research note on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.22.

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.