Fjarde AP Fonden Fourth Swedish National Pension Fund Has $5.04 Million Stock Position in Annaly Capital Management Inc $NLY

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 35.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 238,051 shares of the real estate investment trust’s stock after buying an additional 62,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Annaly Capital Management were worth $5,035,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of NLY. Elevation Point Wealth Partners LLC acquired a new position in shares of Annaly Capital Management in the 1st quarter valued at $218,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Annaly Capital Management during the first quarter worth about $318,000. Strs Ohio lifted its holdings in shares of Annaly Capital Management by 3.3% during the 1st quarter. Strs Ohio now owns 16,920 shares of the real estate investment trust’s stock valued at $358,000 after purchasing an additional 548 shares in the last quarter. Heritage Oak Wealth Advisors LLC acquired a new stake in Annaly Capital Management during the 1st quarter worth approximately $229,000. Finally, Root Financial Partners LLC raised its holdings in shares of Annaly Capital Management by 585.6% during the first quarter. Root Financial Partners LLC now owns 1,330 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 1,136 shares during the period. Institutional investors own 51.56% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. UBS Group reiterated a “neutral” rating and issued a $23.00 price target (up from $22.50) on shares of Annaly Capital Management in a research note on Friday, April 24th. Royal Bank Of Canada reissued an “outperform” rating and issued a $25.00 price objective on shares of Annaly Capital Management in a report on Wednesday, June 3rd. BTIG Research set a $24.00 price target on Annaly Capital Management in a research report on Wednesday, June 17th. JPMorgan Chase & Co. increased their price objective on shares of Annaly Capital Management from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Finally, Wall Street Zen upgraded shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $24.44.

Annaly Capital Management Trading Down 0.1%

NYSE NLY opened at $22.55 on Monday. The business’s 50-day moving average price is $22.07 and its two-hundred day moving average price is $22.46. Annaly Capital Management Inc has a 12 month low of $19.24 and a 12 month high of $24.52. The firm has a market capitalization of $16.52 billion, a PE ratio of 7.62, a price-to-earnings-growth ratio of 6.85 and a beta of 1.16.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 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 analyst estimates of $595.27 million. As a group, analysts forecast that Annaly Capital Management Inc will post 3 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

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

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.