Lansforsakringar Fondforvaltning AB publ Has $3.95 Million Stock Position in Annaly Capital Management Inc $NLY

Lansforsakringar Fondforvaltning AB publ lowered its position in Annaly Capital Management Inc (NYSE:NLY) by 14.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 186,742 shares of the real estate investment trust’s stock after selling 31,687 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Annaly Capital Management were worth $3,950,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SageGuard Financial Group LLC bought a new stake in shares of Annaly Capital Management in the first quarter worth about $244,000. Dupree Financial Group LLC lifted its holdings in shares of Annaly Capital Management by 0.5% during the 1st quarter. Dupree Financial Group LLC now owns 474,512 shares of the real estate investment trust’s stock valued at $10,036,000 after purchasing an additional 2,180 shares in the last quarter. Continuum Advisory LLC grew its position in shares of Annaly Capital Management by 3.9% in the 1st quarter. Continuum Advisory LLC now owns 37,530 shares of the real estate investment trust’s stock valued at $794,000 after purchasing an additional 1,420 shares during the period. Peak Financial Advisors LLC acquired a new position in shares of Annaly Capital Management in the 1st quarter valued at approximately $475,000. Finally, Apollon Wealth Management LLC increased its stake in Annaly Capital Management by 1,888.0% during the 1st quarter. Apollon Wealth Management LLC now owns 409,484 shares of the real estate investment trust’s stock worth $8,661,000 after purchasing an additional 388,886 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors.

Annaly Capital Management Stock Performance

Shares of Annaly Capital Management stock opened at $22.55 on Friday. The firm has a market cap of $16.52 billion, a PE ratio of 7.62, a P/E/G ratio of 6.78 and a beta of 1.16. The business’s 50 day simple moving average is $22.07 and its 200 day simple moving average is $22.46. Annaly Capital Management Inc has a 52-week low of $19.24 and a 52-week high of $24.52.

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

Annaly Capital Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be issued a dividend of $0.75 per share. The ex-dividend date is Tuesday, June 30th. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a yield of 13.3%. Annaly Capital Management’s dividend payout ratio is currently 101.35%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. JonesTrading restated a “buy” rating and set a $25.00 target price on shares of Annaly Capital Management in a report on Wednesday, April 22nd. Piper Sandler increased their price objective on shares of Annaly Capital Management from $24.50 to $25.00 and gave the stock an “overweight” rating in a research report on Thursday. UBS Group restated a “neutral” rating and set a $23.00 price objective (up from $22.50) on shares of Annaly Capital Management in a report on Friday, April 24th. Royal Bank Of Canada reaffirmed 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, Wall Street Zen raised shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. One investment 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $24.44.

Annaly Capital Management Company Profile

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.