Tredje AP fonden Sells 39,313 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Tredje AP fonden lessened its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 50.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,313 shares of the real estate investment trust's stock after selling 39,313 shares during the period. Tredje AP fonden's holdings in Annaly Capital Management were worth $719,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Stratos Wealth Advisors LLC raised its stake in Annaly Capital Management by 93.1% during the 4th quarter. Stratos Wealth Advisors LLC now owns 275,559 shares of the real estate investment trust's stock valued at $5,043,000 after buying an additional 132,891 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Annaly Capital Management by 9.9% in the third quarter. Wellington Management Group LLP now owns 537,125 shares of the real estate investment trust's stock worth $10,780,000 after acquiring an additional 48,555 shares during the period. Citigroup Inc. increased its position in Annaly Capital Management by 22.6% during the third quarter. Citigroup Inc. now owns 652,255 shares of the real estate investment trust's stock valued at $13,091,000 after acquiring an additional 120,163 shares during the last quarter. Howard Financial Services LTD. bought a new position in Annaly Capital Management in the fourth quarter valued at about $527,000. Finally, Tandem Financial LLC purchased a new position in Annaly Capital Management in the fourth quarter worth about $327,000. Hedge funds and other institutional investors own 51.56% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on NLY shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a $22.00 price target on shares of Annaly Capital Management in a research report on Monday, February 10th. JPMorgan Chase & Co. upped their target price on shares of Annaly Capital Management from $19.00 to $21.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Barclays started coverage on shares of Annaly Capital Management in a research note on Monday, January 6th. They set an "equal weight" rating and a $19.00 price target on the stock. Finally, JMP Securities restated a "market perform" rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Annaly Capital Management presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.44.

Annaly Capital Management Stock Performance

Shares of Annaly Capital Management stock traded down $0.13 during trading hours on Wednesday, hitting $21.79. The company's stock had a trading volume of 6,825,930 shares, compared to its average volume of 5,203,132. Annaly Capital Management, Inc. has a 12-month low of $17.67 and a 12-month high of $22.11. The business has a 50 day moving average price of $20.55 and a two-hundred day moving average price of $19.99. The company has a market cap of $12.60 billion, a PE ratio of 13.71, a PEG ratio of 4.89 and a beta of 1.53.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.05. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. As a group, research analysts anticipate that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a dividend of $0.70 per share. This is a positive change from Annaly Capital Management's previous quarterly dividend of $0.65. The ex-dividend date is Monday, March 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.85%. Annaly Capital Management's dividend payout ratio (DPR) is presently 176.10%.

Annaly Capital Management 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.