Annaly Capital Management Inc $NLY Position Lessened by Handelsbanken Fonder AB

Handelsbanken Fonder AB decreased its stake in Annaly Capital Management Inc (NYSE:NLY) by 11.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 207,000 shares of the real estate investment trust’s stock after selling 26,500 shares during the period. Handelsbanken Fonder AB’s holdings in Annaly Capital Management were worth $4,629,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Summit Global Investments increased its position in Annaly Capital Management by 332.3% in the 3rd quarter. Summit Global Investments now owns 59,797 shares of the real estate investment trust’s stock valued at $1,209,000 after acquiring an additional 45,966 shares during the period. Mediolanum International Funds Ltd increased its position in Annaly Capital Management by 13.2% in the 3rd quarter. Mediolanum International Funds Ltd now owns 523,277 shares of the real estate investment trust’s stock valued at $10,947,000 after acquiring an additional 60,814 shares during the period. AIA Group Ltd increased its position in Annaly Capital Management by 124.8% in the 3rd quarter. AIA Group Ltd now owns 159,118 shares of the real estate investment trust’s stock valued at $3,216,000 after acquiring an additional 88,341 shares during the period. Vanguard Group Inc. increased its position in Annaly Capital Management by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 60,589,075 shares of the real estate investment trust’s stock valued at $1,224,505,000 after acquiring an additional 1,887,629 shares during the period. Finally, Brevan Howard Capital Management LP increased its position in Annaly Capital Management by 105.4% in the 3rd quarter. Brevan Howard Capital Management LP now owns 275,484 shares of the real estate investment trust’s stock valued at $5,568,000 after acquiring an additional 141,384 shares during the period. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on NLY shares. UBS Group restated a “neutral” rating and issued a $23.00 target price (up from $22.50) on shares of Annaly Capital Management in a research report on Friday, April 24th. Piper Sandler lowered their target price 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. JPMorgan Chase & Co. raised their target price on Annaly Capital Management from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Keefe, Bruyette & Woods raised their target price on Annaly Capital Management from $23.25 to $25.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Finally, Barclays set a $24.00 target price on Annaly Capital Management and gave the company an “equal weight” rating in a research report on Friday, January 30th. One 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.22.

Annaly Capital Management Stock Performance

Shares of NLY stock opened at $21.46 on Friday. Annaly Capital Management Inc has a 1 year low of $18.54 and a 1 year high of $24.52. The stock has a market cap of $15.72 billion, a PE ratio of 7.25, a price-to-earnings-growth ratio of 6.60 and a beta of 1.20. The business’s fifty day moving average is $21.95 and its 200-day moving average is $22.49.

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, beating the consensus estimate of $0.74 by $0.02. Annaly Capital Management had a return on equity of 15.92% and a net margin of 34.33%.The company had revenue of $341.56 million for the quarter, compared to analysts’ expectations of $595.27 million. Equities research analysts predict that Annaly Capital Management Inc will post 2.98 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.70 per share. The ex-dividend date was Tuesday, March 31st. This represents a $2.80 annualized dividend and a dividend yield of 13.1%. Annaly Capital Management’s dividend payout ratio (DPR) is 94.59%.

Insider Activity

In other news, COO Steven Francis Campbell sold 26,491 shares of Annaly Capital Management stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $22.83, for a total transaction of $604,789.53. Following the transaction, the chief operating officer directly owned 178,000 shares in the company, valued at approximately $4,063,740. This trade represents a 12.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.22% of the company’s stock.

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.