Fjarde AP Fonden Fourth Swedish National Pension Fund Makes New $3.93 Million Investment in Annaly Capital Management Inc $NLY

Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new position in Annaly Capital Management Inc (NYSE:NLY) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 175,651 shares of the real estate investment trust’s stock, valued at approximately $3,928,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fourth Dimension Wealth LLC boosted its position in Annaly Capital Management by 76.9% in the fourth quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 500 shares during the last quarter. Camelot Portfolios LLC purchased a new position in Annaly Capital Management in the fourth quarter worth $29,000. TD Private Client Wealth LLC boosted its position in Annaly Capital Management by 361.3% in the fourth quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 1,178 shares during the last quarter. MCF Advisors LLC boosted its position in Annaly Capital Management by 41.6% in the third quarter. MCF Advisors LLC now owns 1,688 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 496 shares during the last quarter. Finally, Atlantic Union Bankshares Corp boosted its position in Annaly Capital Management by 273.4% in the third quarter. Atlantic Union Bankshares Corp now owns 1,867 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 1,367 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Wall Street Analyst Weigh In

NLY has been the topic of several research analyst reports. JonesTrading reissued a “buy” rating and issued a $25.00 price objective on shares of Annaly Capital Management in a research report on Wednesday, April 22nd. Piper Sandler cut their price objective on Annaly Capital Management from $25.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. Wall Street Zen raised Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $25.00 price objective on shares of Annaly Capital Management in a research report on Wednesday, June 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on Annaly Capital Management from $23.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Annaly Capital Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.22.

Annaly Capital Management Price Performance

Shares of NLY opened at $20.96 on Tuesday. The firm has a market cap of $15.36 billion, a PE ratio of 7.08, a PEG ratio of 6.48 and a beta of 1.17. The stock’s fifty day moving average price is $21.91 and its two-hundred day moving average price is $22.47. Annaly Capital Management Inc has a 1 year low of $18.64 and a 1 year high of $24.52.

Annaly Capital Management (NYSE:NLY) last issued its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. The firm had revenue of $341.56 million for the quarter, compared to analyst estimates of $595.27 million. Annaly Capital Management had a return on equity of 15.92% and a net margin of 34.33%. Sell-side analysts anticipate that Annaly Capital Management Inc will post 2.98 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st were paid a $0.70 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $2.80 annualized dividend and a dividend yield of 13.4%. Annaly Capital Management’s payout ratio is presently 94.59%.

About Annaly Capital Management

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.