Handelsinvest Investeringsforvaltning Sells 8,506 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Handelsinvest Investeringsforvaltning trimmed its position in Annaly Capital Management, Inc. (NYSE:NLY) by 34.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,382 shares of the real estate investment trust’s stock after selling 8,506 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in Annaly Capital Management were worth $323,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Dupree Financial Group LLC bought a new stake in shares of Annaly Capital Management in the fourth quarter valued at about $9,222,000. Nomura Asset Management Co. Ltd. increased its position in shares of Annaly Capital Management by 2.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 159,622 shares of the real estate investment trust’s stock valued at $3,092,000 after acquiring an additional 4,079 shares during the last quarter. Royal London Asset Management Ltd. increased its position in shares of Annaly Capital Management by 4.2% in the third quarter. Royal London Asset Management Ltd. now owns 256,610 shares of the real estate investment trust’s stock valued at $4,828,000 after acquiring an additional 10,404 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Annaly Capital Management in the fourth quarter valued at about $2,721,000. Finally, Norges Bank acquired a new stake in shares of Annaly Capital Management in the fourth quarter valued at about $110,244,000. 51.56% of the stock is currently owned by institutional investors.

Annaly Capital Management Price Performance

Shares of NYSE NLY opened at $18.95 on Thursday. The business’s 50 day moving average price is $19.66 and its two-hundred day moving average price is $19.40. The company has a market cap of $9.48 billion, a PE ratio of -19.54 and a beta of 1.54. Annaly Capital Management, Inc. has a twelve month low of $14.52 and a twelve month high of $21.07.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Thursday, April 25th. The real estate investment trust reported $0.64 EPS for the quarter, meeting the consensus estimate of $0.64. Annaly Capital Management had a positive return on equity of 15.13% and a negative net margin of 8.38%. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $320.00 million. During the same quarter in the prior year, the business earned $0.81 earnings per share. As a group, research analysts anticipate that Annaly Capital Management, Inc. will post 2.64 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 13.72%. The ex-dividend date is Friday, June 28th. Annaly Capital Management’s payout ratio is -268.04%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NLY shares. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $21.50 target price on shares of Annaly Capital Management in a research report on Wednesday, March 27th. StockNews.com downgraded Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Wednesday. Compass Point started coverage on Annaly Capital Management in a research report on Tuesday, April 2nd. They issued a “buy” rating and a $22.00 target price on the stock. Jonestrading reaffirmed a “buy” rating and issued a $21.00 target price on shares of Annaly Capital Management in a research report on Thursday, April 25th. Finally, Janney Montgomery Scott assumed coverage on Annaly Capital Management in a research report on Thursday, June 6th. They set a “buy” rating and a $21.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.07.

Annaly Capital Management Company 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.