Left Brain Wealth Management LLC Boosts Holdings in Annaly Capital Management Inc $NLY

Left Brain Wealth Management LLC grew its holdings in shares of Annaly Capital Management Inc (NYSE:NLY) by 63.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 82,505 shares of the real estate investment trust’s stock after acquiring an additional 32,075 shares during the quarter. Left Brain Wealth Management LLC’s holdings in Annaly Capital Management were worth $1,845,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in NLY. Koshinski Asset Management Inc. increased its stake in shares of Annaly Capital Management by 1.9% in the fourth quarter. Koshinski Asset Management Inc. now owns 24,513 shares of the real estate investment trust’s stock worth $548,000 after buying an additional 463 shares during the period. ProShare Advisors LLC increased its stake in shares of Annaly Capital Management by 1.8% in the third quarter. ProShare Advisors LLC now owns 27,309 shares of the real estate investment trust’s stock worth $552,000 after buying an additional 481 shares during the period. MCF Advisors LLC increased 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 buying an additional 496 shares during the period. Fourth Dimension Wealth LLC increased its stake in shares of Annaly Capital Management by 76.9% in the fourth quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 500 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in shares of Annaly Capital Management by 1.4% in the third quarter. Quadrant Capital Group LLC now owns 39,282 shares of the real estate investment trust’s stock worth $794,000 after buying an additional 524 shares during the period. 51.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NLY. Wells Fargo & Company reaffirmed an “overweight” rating and issued 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 shares of Annaly Capital Management from $23.00 to $25.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Annaly Capital Management in a research note on Wednesday, January 21st. Barclays set a $24.00 target price on shares of Annaly Capital Management and gave the stock an “equal weight” rating in a research note on Friday, January 30th. Finally, Wall Street Zen raised shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $24.22.

Insider Buying and Selling at Annaly Capital Management

In related news, COO Steven Francis Campbell sold 26,491 shares of Annaly Capital Management stock in a transaction 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 $4,063,740. The trade was a 12.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Serena Wolfe sold 16,536 shares of Annaly Capital Management stock in a transaction on Wednesday, February 18th. The shares were 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 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 quarter, insiders sold 71,252 shares of company stock worth $1,639,995. 0.22% of the stock is currently owned by company insiders.

Annaly Capital Management Stock Down 1.5%

NYSE:NLY opened at $21.66 on Friday. The stock has a market cap of $15.87 billion, a P/E ratio of 7.32, a price-to-earnings-growth ratio of 6.71 and a beta of 1.20. The firm’s fifty day simple moving average is $22.05 and its 200 day simple moving average is $22.47. Annaly Capital Management Inc has a twelve month low of $18.43 and a twelve month high of $24.52.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share for the quarter, beating the consensus estimate 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 net margin of 34.33% and a return on equity of 15.92%. On average, analysts expect that Annaly Capital Management Inc will post 2.98 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, March 31st were issued a $0.70 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $2.80 annualized dividend and a yield of 12.9%. Annaly Capital Management’s payout ratio is 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.