Swedbank AB Increases Stock Holdings in Annaly Capital Management Inc $NLY

Swedbank AB increased its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 11.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,434,379 shares of the real estate investment trust’s stock after buying an additional 150,852 shares during the quarter. Swedbank AB’s holdings in Annaly Capital Management were worth $30,337,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of NLY. Fourth Dimension Wealth LLC boosted its holdings in Annaly Capital Management by 76.9% during the 4th quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 500 shares during the last quarter. Camelot Portfolios LLC purchased a new stake in shares of Annaly Capital Management in the fourth quarter valued at about $29,000. Root Financial Partners LLC raised its holdings in shares of Annaly Capital Management by 585.6% in the first quarter. Root Financial Partners LLC now owns 1,330 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,136 shares during the last quarter. Mcguire Capital Advisors Inc. bought a new position in shares of Annaly Capital Management during the fourth quarter valued at about $31,000. Finally, TD Private Client Wealth LLC lifted its position in shares of Annaly Capital Management by 361.3% during the fourth quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 1,178 shares in the last quarter. 51.56% of the stock is owned by hedge funds and other institutional investors.

Annaly Capital Management Stock Down 0.8%

NLY opened at $22.51 on Thursday. The stock has a market cap of $16.50 billion, a price-to-earnings ratio of 7.61, a PEG ratio of 6.89 and a beta of 1.16. Annaly Capital Management Inc has a twelve month low of $19.39 and a twelve month high of $24.52. The company’s 50-day moving average price is $22.07 and its two-hundred day moving average price is $22.47.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. The company had revenue of $341.56 million during the quarter, compared to analyst estimates of $595.27 million. Annaly Capital Management had a net margin of 34.33% and a return on equity of 15.92%. As a group, sell-side analysts anticipate that Annaly Capital Management Inc will post 3 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be given a $0.75 dividend. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a yield of 13.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Annaly Capital Management’s dividend payout ratio (DPR) is 101.35%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. JonesTrading restated a “buy” rating and set a $25.00 price target on shares of Annaly Capital Management in a report on Wednesday, April 22nd. Wall Street Zen raised shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Royal Bank Of Canada restated an “outperform” rating and issued a $25.00 target price on shares of Annaly Capital Management in a research note on Wednesday, June 3rd. BTIG Research set a $24.00 target price on Annaly Capital Management in a report on Wednesday, June 17th. Finally, Piper Sandler increased their price target on Annaly Capital Management from $24.50 to $25.00 and gave the company an “overweight” rating in a research report on Thursday, July 2nd. One equities 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $24.44.

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.