Fjarde AP Fonden Fourth Swedish National Pension Fund Boosts Stock Position in Annaly Capital Management Inc $NLY

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Annaly Capital Management Inc (NYSE:NLY) by 31.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 165,596 shares of the real estate investment trust’s stock after purchasing an additional 39,800 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Annaly Capital Management were worth $3,117,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Bessemer Group Inc. boosted its holdings in Annaly Capital Management by 11.7% during the 1st quarter. Bessemer Group Inc. now owns 7,731 shares of the real estate investment trust’s stock valued at $157,000 after acquiring an additional 811 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Annaly Capital Management by 5.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,808,767 shares of the real estate investment trust’s stock valued at $77,356,000 after acquiring an additional 196,489 shares during the period. Raymond James Financial Inc. boosted its holdings in Annaly Capital Management by 18.6% during the 1st quarter. Raymond James Financial Inc. now owns 821,476 shares of the real estate investment trust’s stock valued at $16,684,000 after acquiring an additional 128,813 shares during the period. Pinnacle Wealth Planning Services Inc. purchased a new stake in Annaly Capital Management during the 1st quarter valued at about $292,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Annaly Capital Management during the 1st quarter valued at about $5,794,000. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NLY. Jones Trading restated a “buy” rating and set a $22.00 target price on shares of Annaly Capital Management in a report on Thursday, October 23rd. Barclays set a $20.00 target price on Annaly Capital Management and gave the company a “cautious” rating in a report on Monday, October 6th. Piper Sandler set a $22.50 price target on Annaly Capital Management and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Zacks Research lowered Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Annaly Capital Management in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $21.71.

Annaly Capital Management Trading Up 0.4%

NLY opened at $20.74 on Friday. The business has a 50 day simple moving average of $21.15 and a two-hundred day simple moving average of $20.09. The firm has a market capitalization of $13.31 billion, a price-to-earnings ratio of 9.60, a PEG ratio of 6.47 and a beta of 1.25. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.09 and a quick ratio of 0.11. Annaly Capital Management Inc has a one year low of $16.59 and a one year high of $22.45.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Annaly Capital Management had a return on equity of 15.96% and a net margin of 26.68%.The firm had revenue of $885.58 million for the quarter, compared to the consensus estimate of $493.55 million. Analysts predict that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.80 annualized dividend and a dividend yield of 13.5%. Annaly Capital Management’s dividend payout ratio is currently 129.63%.

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.