Annaly Capital Management Inc $NLY Stock Position Decreased by Handelsbanken Fonder AB

Handelsbanken Fonder AB cut its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 11.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 207,000 shares of the real estate investment trust’s stock after selling 26,500 shares during the quarter. Handelsbanken Fonder AB’s holdings in Annaly Capital Management were worth $4,629,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NLY. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Annaly Capital Management by 394.1% during the 3rd 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 worth $108,623,000 after acquiring an additional 4,286,893 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Annaly Capital Management by 5.0% during the 4th quarter. Vanguard Group Inc. now owns 63,613,639 shares of the real estate investment trust’s stock worth $1,422,401,000 after acquiring an additional 3,024,564 shares in the last quarter. PFA Pension Forsikringsaktieselskab bought a new stake in shares of Annaly Capital Management during the 4th quarter worth $63,699,000. Goldman Sachs Group Inc. boosted its stake in shares of Annaly Capital Management by 833.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust’s stock worth $59,318,000 after acquiring an additional 2,607,784 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Annaly Capital Management during the 3rd quarter worth $40,234,000. 51.56% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. JonesTrading reissued a “buy” rating and set a $25.00 price objective on shares of Annaly Capital Management in a research note on Wednesday, April 22nd. Piper Sandler reduced their price objective on Annaly Capital Management from $25.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, April 2nd. Wall Street Zen raised Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Barclays set a $24.00 price target on Annaly Capital Management and gave the company an “equal weight” rating in a report on Friday, January 30th. Finally, JPMorgan Chase & Co. lifted their price target on Annaly Capital Management from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. 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. According to MarketBeat, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.22.

Insider Buying and Selling at Annaly Capital Management

In other news, COO Steven Francis Campbell sold 26,491 shares of Annaly Capital Management stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $22.83, for a total transaction of $604,789.53. Following the transaction, the chief operating officer owned 178,000 shares in the company, valued at approximately $4,063,740. The trade was a 12.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.22% of the company’s stock.

Annaly Capital Management Trading Down 0.8%

Shares of NLY stock opened at $21.46 on Friday. Annaly Capital Management Inc has a 1-year low of $18.54 and a 1-year high of $24.52. The company has a market capitalization of $15.72 billion, a price-to-earnings ratio of 7.25, a P/E/G ratio of 6.60 and a beta of 1.20. The stock’s fifty day simple moving average is $21.95 and its 200-day simple moving average is $22.49.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $341.56 million for the quarter, compared to the consensus estimate of $595.27 million. On average, sell-side analysts predict that Annaly Capital Management Inc will post 2.98 EPS for the current year.

Annaly Capital Management Announces Dividend

The firm 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. The ex-dividend date was Tuesday, March 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.1%. Annaly Capital Management’s payout ratio is currently 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.