Nykredit A S Buys Shares of 363,302 Annaly Capital Management Inc $NLY

Nykredit A S bought a new stake in shares of Annaly Capital Management Inc (NYSE:NLY) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 363,302 shares of the real estate investment trust’s stock, valued at approximately $8,123,000.

Other hedge funds have also recently made changes to their positions in the company. Fourth Dimension Wealth LLC increased its position 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 buying an additional 500 shares in the last quarter. Root Financial Partners LLC boosted its holdings in Annaly Capital Management by 585.6% in the first quarter. Root Financial Partners LLC now owns 1,330 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 1,136 shares in the last quarter. Mcguire Capital Advisors Inc. purchased a new stake in shares of Annaly Capital Management in the fourth quarter worth $31,000. TD Private Client Wealth LLC grew its stake in shares of Annaly Capital Management by 361.3% in the fourth quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 1,178 shares during the last quarter. Finally, Atlas Capital Advisors Inc. bought a new position in shares of Annaly Capital Management during the fourth quarter valued at $37,000. 51.56% of the stock is owned by institutional investors.

Annaly Capital Management Price Performance

Annaly Capital Management stock opened at $22.84 on Friday. Annaly Capital Management Inc has a one year low of $20.00 and a one year high of $24.52. The stock has a market capitalization of $17.21 billion, a PE ratio of 5.72, a price-to-earnings-growth ratio of 1.79 and a beta of 1.16. The business’s fifty day moving average is $22.90 and its 200 day moving average is $22.39.

Annaly Capital Management (NYSE:NLY) last issued its earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $639.80 million. Annaly Capital Management had a return on equity of 16.00% and a net margin of 43.66%. As a group, sell-side analysts expect that Annaly Capital Management Inc will post 3.09 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were paid a $0.75 dividend. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a dividend yield of 13.1%. The ex-dividend date was Tuesday, June 30th. Annaly Capital Management’s dividend payout ratio (DPR) is presently 75.19%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $25.00 price target on shares of Annaly Capital Management in a research note on Wednesday, June 3rd. Zacks Research lowered shares of Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Wells Fargo & Company decreased their target price on shares of Annaly Capital Management from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. BTIG Research set a $24.00 price target on shares of Annaly Capital Management in a report on Wednesday, June 17th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Annaly Capital Management from $26.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $24.33.

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.