Lansforsakringar Fondforvaltning AB publ Sells 31,687 Shares of Annaly Capital Management Inc $NLY

Lansforsakringar Fondforvaltning AB publ lessened its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 14.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 186,742 shares of the real estate investment trust’s stock after selling 31,687 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Annaly Capital Management were worth $3,950,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of NLY. SageGuard Financial Group LLC acquired a new position in Annaly Capital Management during the first quarter valued at approximately $244,000. Dupree Financial Group LLC increased its position in shares of Annaly Capital Management by 0.5% during the 1st quarter. Dupree Financial Group LLC now owns 474,512 shares of the real estate investment trust’s stock worth $10,036,000 after purchasing an additional 2,180 shares during the last quarter. Continuum Advisory LLC increased its position in shares of Annaly Capital Management by 3.9% during the 1st quarter. Continuum Advisory LLC now owns 37,530 shares of the real estate investment trust’s stock worth $794,000 after purchasing an additional 1,420 shares during the last quarter. Peak Financial Advisors LLC bought a new stake in shares of Annaly Capital Management during the 1st quarter worth approximately $475,000. Finally, Apollon Wealth Management LLC raised its stake in shares of Annaly Capital Management by 1,888.0% during the 1st quarter. Apollon Wealth Management LLC now owns 409,484 shares of the real estate investment trust’s stock worth $8,661,000 after purchasing an additional 388,886 shares in the last quarter. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Up 1.6%

NYSE:NLY opened at $22.55 on Friday. The stock’s 50 day moving average price is $22.07 and its two-hundred day moving average price is $22.46. The firm has a market capitalization of $16.52 billion, a price-to-earnings ratio of 7.62, a P/E/G ratio of 6.78 and a beta of 1.16. Annaly Capital Management Inc has a 12-month low of $19.24 and a 12-month high of $24.52.

Annaly Capital Management (NYSE:NLY) last issued its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. Annaly Capital Management had a return on equity of 15.92% and a net margin of 34.33%.The company had revenue of $341.56 million during the quarter, compared to the consensus estimate of $595.27 million. Equities research analysts expect that Annaly Capital Management Inc will post 2.98 EPS for the current year.

Annaly Capital Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $3.00 annualized dividend and a yield of 13.3%. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.70. Annaly Capital Management’s payout ratio is 101.35%.

Wall Street Analyst Weigh In

NLY has been the subject of several recent analyst reports. BTIG Research set a $24.00 price objective on Annaly Capital Management in a report on Wednesday, June 17th. UBS Group restated a “neutral” rating and set a $23.00 target price (up from $22.50) on shares of Annaly Capital Management in a report on Friday, April 24th. Piper Sandler upped their price target on shares of Annaly Capital Management from $24.50 to $25.00 and gave the stock an “overweight” rating in a research report on Thursday. JonesTrading reiterated a “buy” rating and issued a $25.00 price target on shares of Annaly Capital Management in a research note on Wednesday, April 22nd. Finally, Wall Street Zen raised shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. One investment 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 company’s stock. According to data from MarketBeat.com, Annaly Capital Management currently has a consensus rating of “Moderate Buy” and an average target price of $24.44.

About Annaly Capital Management

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.