Fjarde AP Fonden Fourth Swedish National Pension Fund Takes $3.93 Million Position in Annaly Capital Management Inc $NLY

Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new stake in shares of Annaly Capital Management Inc (NYSE:NLY) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 175,651 shares of the real estate investment trust’s stock, valued at approximately $3,928,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fourth Dimension Wealth LLC increased its holdings in shares of Annaly Capital Management by 76.9% during the fourth quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 500 shares in the last quarter. Camelot Portfolios LLC bought a new stake in shares of Annaly Capital Management during the fourth quarter valued at approximately $29,000. TD Private Client Wealth LLC increased its holdings in shares of Annaly Capital Management by 361.3% during the fourth quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 1,178 shares in the last quarter. MCF Advisors LLC increased its holdings in shares of Annaly Capital Management by 41.6% during the third quarter. MCF Advisors LLC now owns 1,688 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 496 shares in the last quarter. Finally, Atlantic Union Bankshares Corp increased its holdings in shares of Annaly Capital Management by 273.4% during the third quarter. Atlantic Union Bankshares Corp now owns 1,867 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 1,367 shares in the last quarter. Institutional investors own 51.56% of the company’s stock.

Wall Street Analysts Forecast Growth

NLY has been the subject of several recent research reports. Wall Street Zen upgraded Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. 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. JPMorgan Chase & Co. boosted their price objective on Annaly Capital Management from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. JonesTrading restated a “buy” rating and set a $25.00 price objective on shares of Annaly Capital Management in a report on Wednesday, April 22nd. Finally, Piper Sandler decreased their price objective on Annaly Capital Management from $25.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Annaly Capital Management has an average rating of “Moderate Buy” and a consensus target price of $24.22.

Annaly Capital Management Stock Down 1.2%

Shares of NYSE:NLY opened at $20.96 on Tuesday. The stock has a market cap of $15.36 billion, a price-to-earnings ratio of 7.08, a PEG ratio of 6.48 and a beta of 1.17. Annaly Capital Management Inc has a 12-month low of $18.64 and a 12-month high of $24.52. The business’s 50 day moving average is $21.91 and its 200 day moving average is $22.47.

Annaly Capital Management (NYSE:NLY) last announced its 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. The company had revenue of $341.56 million for the quarter, compared to analysts’ expectations of $595.27 million. Annaly Capital Management had a return on equity of 15.92% and a net margin of 34.33%. As a group, equities research analysts expect that Annaly Capital Management Inc will post 2.98 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, March 31st were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.80 annualized dividend and a dividend yield of 13.4%. Annaly Capital Management’s payout ratio is presently 94.59%.

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.