Tredje AP fonden Trims Position in Annaly Capital Management, Inc. (NYSE:NLY)

Tredje AP fonden reduced its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 50.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,313 shares of the real estate investment trust’s stock after selling 39,313 shares during the period. Tredje AP fonden’s holdings in Annaly Capital Management were worth $719,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Avior Wealth Management LLC boosted its holdings in Annaly Capital Management by 209.9% in the third quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 850 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Annaly Capital Management by 78.5% in the 4th quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 717 shares during the period. Assetmark Inc. purchased a new stake in shares of Annaly Capital Management in the fourth quarter worth about $31,000. Larson Financial Group LLC grew its holdings in Annaly Capital Management by 34.4% during the fourth quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 549 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in Annaly Capital Management by 29.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 549 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Trading Up 2.5 %

NYSE:NLY opened at $21.63 on Friday. Annaly Capital Management, Inc. has a twelve month low of $17.67 and a twelve month high of $22.11. The company has a market cap of $12.51 billion, a P/E ratio of 13.60, a P/E/G ratio of 4.89 and a beta of 1.53. The company’s 50-day moving average price is $20.42 and its 200-day moving average price is $19.96.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. On average, analysts expect that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a $0.70 dividend. The ex-dividend date is Monday, March 31st. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.94%. Annaly Capital Management’s dividend payout ratio (DPR) is 163.52%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Annaly Capital Management from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Royal Bank of Canada restated an “outperform” rating and set a $22.00 target price on shares of Annaly Capital Management in a research report on Monday, February 10th. Barclays assumed coverage on Annaly Capital Management in a research note on Monday, January 6th. They set an “equal weight” rating and a $19.00 target price for the company. Finally, JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Annaly Capital Management presently has an average rating of “Moderate Buy” and an average price target of $21.44.

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.