Tredje AP fonden Has $1.50 Million Stake in Annaly Capital Management, Inc. (NYSE:NLY)

Tredje AP fonden cut its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 1.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 78,626 shares of the real estate investment trust’s stock after selling 1,228 shares during the quarter. Tredje AP fonden’s holdings in Annaly Capital Management were worth $1,499,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of NLY. Norges Bank bought a new position in shares of Annaly Capital Management in the 4th quarter worth about $110,244,000. Balyasny Asset Management L.P. grew its stake in Annaly Capital Management by 159.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 6,118,940 shares of the real estate investment trust’s stock worth $118,524,000 after purchasing an additional 3,762,652 shares during the period. Algebris UK Ltd boosted its holdings in shares of Annaly Capital Management by 195.9% during the 1st quarter. Algebris UK Ltd now owns 4,034,821 shares of the real estate investment trust’s stock worth $87,532,000 after buying an additional 2,671,236 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Annaly Capital Management by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 49,300,019 shares of the real estate investment trust’s stock worth $954,941,000 after buying an additional 1,619,729 shares during the period. Finally, KBC Group NV grew its position in shares of Annaly Capital Management by 298.1% during the 4th quarter. KBC Group NV now owns 1,256,864 shares of the real estate investment trust’s stock worth $24,345,000 after buying an additional 941,126 shares during the period. Institutional investors and hedge funds own 51.56% of the company’s stock.

Wall Street Analyst Weigh In

NLY has been the topic of a number of research reports. Janney Montgomery Scott began coverage on shares of Annaly Capital Management in a research report on Thursday, June 6th. They set a “buy” rating and a $21.00 target price on the stock. StockNews.com cut shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. boosted their target price on Annaly Capital Management from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Wells Fargo & Company upgraded Annaly Capital Management from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $19.00 to $23.00 in a report on Friday. Finally, Compass Point boosted their price objective on Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.38.

Insider Buying and Selling at Annaly Capital Management

In other news, CEO David L. Finkelstein sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $20.05, for a total value of $1,002,500.00. Following the transaction, the chief executive officer now owns 612,469 shares in the company, valued at approximately $12,280,003.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.21% of the company’s stock.

Annaly Capital Management Stock Up 0.4 %

Shares of Annaly Capital Management stock opened at $20.88 on Friday. The company has a market cap of $10.45 billion, a PE ratio of -21.53 and a beta of 1.52. Annaly Capital Management, Inc. has a 52 week low of $14.52 and a 52 week high of $21.11. The business has a 50 day moving average price of $20.12 and a 200-day moving average price of $19.67.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.02. Annaly Capital Management had a positive return on equity of 15.24% and a negative net margin of 12.02%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $318.00 million. During the same period last year, the business earned $0.72 EPS. As a group, research analysts anticipate that Annaly Capital Management, Inc. will post 2.67 EPS for the current year.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 12.45%. The ex-dividend date is Monday, September 30th. Annaly Capital Management’s payout ratio is -268.04%.

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.