Forsta AP Fonden Buys 42,700 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Forsta AP Fonden lifted its stake in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 14.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 346,800 shares of the real estate investment trust's stock after acquiring an additional 42,700 shares during the period. Forsta AP Fonden owned 0.07% of Annaly Capital Management worth $6,960,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NLY. Natixis raised its position in shares of Annaly Capital Management by 16,140.0% in the first quarter. Natixis now owns 68,208 shares of the real estate investment trust's stock valued at $1,343,000 after purchasing an additional 67,788 shares during the period. Russell Investments Group Ltd. raised its holdings in Annaly Capital Management by 27.3% in the 1st quarter. Russell Investments Group Ltd. now owns 169,043 shares of the real estate investment trust's stock worth $3,303,000 after acquiring an additional 36,269 shares during the period. PGGM Investments lifted its position in Annaly Capital Management by 152.0% during the 2nd quarter. PGGM Investments now owns 428,406 shares of the real estate investment trust's stock worth $8,165,000 after acquiring an additional 258,388 shares during the last quarter. Frank Rimerman Advisors LLC bought a new stake in Annaly Capital Management during the second quarter valued at about $478,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Annaly Capital Management by 60.8% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 95,913 shares of the real estate investment trust's stock valued at $1,828,000 after purchasing an additional 36,266 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NLY has been the subject of several research analyst reports. Wells Fargo & Company raised Annaly Capital Management from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $19.00 to $23.00 in a research report on Friday, September 20th. Compass Point raised their price objective on shares of Annaly Capital Management from $22.00 to $23.50 and gave the stock a "buy" rating in a research note on Friday, July 26th. JMP Securities reiterated a "market perform" rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. StockNews.com lowered shares of Annaly Capital Management from a "buy" rating to a "hold" rating in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Annaly Capital Management from $22.00 to $21.00 and set an "overweight" rating on the stock in a report on Friday. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Annaly Capital Management presently has an average rating of "Moderate Buy" and an average target price of $21.38.

Annaly Capital Management Stock Performance

Shares of NLY stock traded down $0.01 during mid-day trading on Tuesday, reaching $19.17. The company's stock had a trading volume of 8,075,507 shares, compared to its average volume of 4,093,789. The firm's 50-day moving average is $20.06 and its two-hundred day moving average is $19.76. Annaly Capital Management, Inc. has a 1-year low of $14.52 and a 1-year high of $21.11. The company has a market cap of $10.32 billion, a P/E ratio of -273.86 and a beta of 1.51.

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 (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $212.00 million. Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. During the same period last year, the company earned $0.66 EPS. Sell-side analysts anticipate that Annaly Capital Management, Inc. will post 2.67 EPS for the current year.

Annaly Capital Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 13.56%. The ex-dividend date is Monday, September 30th. Annaly Capital Management's dividend payout ratio is -3,714.29%.

Insider Buying and Selling at Annaly Capital Management

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of Annaly Capital Management stock in a transaction on Friday, August 16th. The stock was sold at an average price of $20.05, for a total transaction of $1,002,500.00. Following the completion of the transaction, the chief executive officer now directly owns 612,469 shares of the company's stock, valued at approximately $12,280,003.45. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.21% of the company's stock.

About Annaly Capital Management

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.