Annaly Capital Management Inc $NLY Shares Sold by Danske Bank A S

Danske Bank A S lessened its holdings in shares of Annaly Capital Management Inc (NYSE:NLY) by 3.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,463,300 shares of the real estate investment trust’s stock after selling 54,300 shares during the quarter. Danske Bank A S owned approximately 0.19% of Annaly Capital Management worth $32,719,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Diversify Advisory Services LLC boosted its holdings in shares of Annaly Capital Management by 21.6% during the 2nd quarter. Diversify Advisory Services LLC now owns 66,815 shares of the real estate investment trust’s stock worth $1,508,000 after purchasing an additional 11,868 shares during the last quarter. Wealthfront Advisers LLC grew its position in shares of Annaly Capital Management by 48.6% in the second quarter. Wealthfront Advisers LLC now owns 27,373 shares of the real estate investment trust’s stock valued at $612,000 after purchasing an additional 8,956 shares in the last quarter. Gould Capital LLC increased its holdings in shares of Annaly Capital Management by 94.0% in the second quarter. Gould Capital LLC now owns 11,669 shares of the real estate investment trust’s stock valued at $261,000 after purchasing an additional 5,653 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Annaly Capital Management by 6.7% in the second quarter. BlackRock Inc. now owns 87,219,586 shares of the real estate investment trust’s stock valued at $1,950,230,000 after purchasing an additional 5,485,296 shares during the last quarter. Finally, Perigon Wealth Management LLC lifted its position in Annaly Capital Management by 3.1% during the second quarter. Perigon Wealth Management LLC now owns 51,697 shares of the real estate investment trust’s stock worth $1,156,000 after buying an additional 1,551 shares in the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Price Performance

Shares of NYSE:NLY opened at $23.73 on Thursday. The firm has a market capitalization of $17.88 billion, a PE ratio of 5.95, a price-to-earnings-growth ratio of 6.11 and a beta of 1.16. Annaly Capital Management Inc has a 1 year low of $20.00 and a 1 year high of $24.52. The firm’s 50-day moving average is $22.73 and its two-hundred day moving average is $22.37.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. Annaly Capital Management had a return on equity of 16.00% and a net margin of 43.66%.The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $639.80 million. Analysts expect that Annaly Capital Management Inc will post 3.09 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were paid a dividend of $0.75 per share. The ex-dividend date was 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 12.6%. Annaly Capital Management’s dividend payout ratio (DPR) is presently 75.19%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Zacks Research raised shares of Annaly Capital Management from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. BTIG Research set a $24.00 target price on shares of Annaly Capital Management in a research note on Wednesday, June 17th. Piper Sandler boosted their target price on shares of Annaly Capital Management from $24.50 to $25.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. JonesTrading reissued a “buy” rating and issued a $25.00 price target on shares of Annaly Capital Management in a research note on Wednesday, April 22nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Annaly Capital Management in a report on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Annaly Capital Management currently has an average rating of “Moderate Buy” and an average price target of $24.33.

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.