Avanza Fonder AB Buys Shares of 33,530 Annaly Capital Management, Inc. (NYSE:NLY)

Avanza Fonder AB acquired a new position in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 33,530 shares of the real estate investment trust's stock, valued at approximately $614,000.

Other institutional investors have also made changes to their positions in the company. Avior Wealth Management LLC raised its stake in Annaly Capital Management by 209.9% during the third quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust's stock worth $25,000 after acquiring an additional 850 shares in the last quarter. UMB Bank n.a. increased its position in shares of Annaly Capital Management by 70.2% during the 3rd quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 647 shares in the last quarter. Quarry LP bought a new position in Annaly Capital Management during the 2nd quarter valued at about $36,000. Toth Financial Advisory Corp boosted its position in Annaly Capital Management by 31.8% in the third quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust's stock valued at $48,000 after buying an additional 576 shares in the last quarter. Finally, McIlrath & Eck LLC bought a new stake in Annaly Capital Management during the third quarter worth about $63,000. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Stock Performance

NYSE:NLY traded up $0.15 on Monday, hitting $19.31. 4,639,567 shares of the stock were exchanged, compared to its average volume of 7,181,294. Annaly Capital Management, Inc. has a 52 week low of $17.67 and a 52 week high of $21.11. The stock has a market capitalization of $10.82 billion, a price-to-earnings ratio of -275.79 and a beta of 1.51. The company's 50-day moving average price is $19.27 and its 200 day moving average price is $19.69.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.67 by ($0.01). Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $212.00 million. During the same period last year, the firm earned $0.66 earnings per share. As a group, equities research analysts predict that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 13.47%. The ex-dividend date is Tuesday, December 31st. Annaly Capital Management's dividend payout ratio is currently -3,714.29%.

Wall Street Analysts Forecast Growth

NLY has been the subject of a number of research analyst reports. Barclays started coverage on shares of Annaly Capital Management in a research note on Monday, January 6th. They issued an "equal weight" rating and a $19.00 target price for the company. JPMorgan Chase & Co. cut their price objective on Annaly Capital Management from $21.00 to $20.00 and set an "overweight" rating for the company in a research report on Monday, December 9th. Finally, Argus upgraded Annaly Capital Management from a "hold" rating to a "buy" rating and set a $21.00 target price on the stock in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $21.22.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.