Tredje AP fonden Purchases 52,491 Shares of Annaly Capital Management Inc $NLY

Tredje AP fonden lifted its holdings in Annaly Capital Management Inc (NYSE:NLY) by 133.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,804 shares of the real estate investment trust’s stock after acquiring an additional 52,491 shares during the quarter. Tredje AP fonden’s holdings in Annaly Capital Management were worth $1,855,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Summit Global Investments lifted its position in Annaly Capital Management by 332.3% during the 3rd quarter. Summit Global Investments now owns 59,797 shares of the real estate investment trust’s stock worth $1,209,000 after buying an additional 45,966 shares in the last quarter. Mediolanum International Funds Ltd raised its stake in shares of Annaly Capital Management by 13.2% in the third quarter. Mediolanum International Funds Ltd now owns 523,277 shares of the real estate investment trust’s stock worth $10,947,000 after acquiring an additional 60,814 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Annaly Capital Management by 4.2% in the second quarter. Vanguard Group Inc. now owns 58,701,446 shares of the real estate investment trust’s stock worth $1,104,761,000 after acquiring an additional 2,344,867 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Annaly Capital Management by 73.9% during the third quarter. Nisa Investment Advisors LLC now owns 270,482 shares of the real estate investment trust’s stock worth $5,680,000 after purchasing an additional 114,946 shares in the last quarter. Finally, CreativeOne Wealth LLC bought a new stake in shares of Annaly Capital Management during the second quarter valued at approximately $429,000. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Stock Up 0.2%

NYSE:NLY opened at $23.02 on Monday. Annaly Capital Management Inc has a 12-month low of $16.59 and a 12-month high of $24.52. The stock’s fifty day simple moving average is $23.15 and its 200-day simple moving average is $22.02. The firm has a market capitalization of $16.53 billion, a P/E ratio of 8.28, a P/E/G ratio of 7.08 and a beta of 1.24.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Wednesday, January 28th. The real estate investment trust reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.02. Annaly Capital Management had a return on equity of 15.80% and a net margin of 34.02%.The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $567.67 million. As a group, equities research analysts expect that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, December 31st were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.80 annualized dividend and a yield of 12.2%. Annaly Capital Management’s dividend payout ratio (DPR) is presently 100.72%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Annaly Capital Management in a research report on Wednesday, January 21st. BTIG Research raised Annaly Capital Management from a “neutral” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Tuesday, January 6th. Piper Sandler restated an “overweight” rating and set a $25.00 target price (up previously from $23.50) on shares of Annaly Capital Management in a research report on Thursday, January 15th. Argus upgraded Annaly Capital Management to a “strong-buy” rating in a report on Thursday, February 5th. Finally, Royal Bank Of Canada lifted their price objective on Annaly Capital Management from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.11.

Insider Activity at Annaly Capital Management

In related news, COO Steven Francis Campbell sold 28,225 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $23.12, for a total transaction of $652,562.00. Following the completion of the transaction, the chief operating officer owned 204,491 shares in the company, valued at approximately $4,727,831.92. The trade was a 12.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Serena Wolfe sold 16,536 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $23.14, for a total transaction of $382,643.04. Following the completion of the sale, the chief financial officer directly owned 173,081 shares of the company’s stock, valued at $4,005,094.34. The trade was a 8.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.22% of the stock is owned by company insiders.

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.