Handelsbanken Fonder AB Acquires 82,900 Shares of Annaly Capital Management Inc $NLY

Handelsbanken Fonder AB boosted its holdings in Annaly Capital Management Inc (NYSE:NLY) by 55.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 233,500 shares of the real estate investment trust’s stock after purchasing an additional 82,900 shares during the quarter. Handelsbanken Fonder AB’s holdings in Annaly Capital Management were worth $4,719,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Xponance Inc. raised its stake in shares of Annaly Capital Management by 4.2% in the third quarter. Xponance Inc. now owns 123,433 shares of the real estate investment trust’s stock worth $2,495,000 after purchasing an additional 5,017 shares during the last quarter. DNB Asset Management AS grew its holdings in Annaly Capital Management by 11.4% during the third quarter. DNB Asset Management AS now owns 126,632 shares of the real estate investment trust’s stock worth $2,559,000 after buying an additional 12,995 shares in the last quarter. Intech Investment Management LLC grew its holdings in Annaly Capital Management by 876.8% during the third quarter. Intech Investment Management LLC now owns 227,980 shares of the real estate investment trust’s stock worth $4,607,000 after buying an additional 204,640 shares in the last quarter. US Bancorp DE raised its position in Annaly Capital Management by 19.2% in the 3rd quarter. US Bancorp DE now owns 42,712 shares of the real estate investment trust’s stock valued at $863,000 after buying an additional 6,894 shares during the last quarter. Finally, MAI Capital Management lifted its stake in Annaly Capital Management by 16.7% during the 3rd quarter. MAI Capital Management now owns 11,293 shares of the real estate investment trust’s stock valued at $228,000 after acquiring an additional 1,617 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Analyst Ratings Changes

NLY has been the subject of several recent analyst reports. Barclays set a $24.00 target price on shares of Annaly Capital Management and gave the stock an “equal weight” rating in a research note on Friday, January 30th. Keefe, Bruyette & Woods boosted their price target on shares of Annaly Capital Management from $23.25 to $25.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Wells Fargo & Company reiterated an “overweight” rating and issued a $25.00 price objective (up from $23.00) on shares of Annaly Capital Management in a research note on Thursday, January 29th. Piper Sandler restated an “overweight” rating and issued a $25.00 target price (up from $23.50) on shares of Annaly Capital Management in a research note on Thursday, January 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Annaly Capital Management in a report on Wednesday, January 21st. One equities 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $24.11.

Annaly Capital Management Stock Down 0.2%

NLY opened at $23.19 on Tuesday. The stock has a market cap of $16.66 billion, a price-to-earnings ratio of 8.34, a PEG ratio of 7.14 and a beta of 1.24. Annaly Capital Management Inc has a twelve month low of $16.59 and a twelve month high of $24.52. The company’s 50-day moving average price is $23.21 and its two-hundred day moving average price is $22.13.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Wednesday, January 28th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.02. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $567.67 million. Annaly Capital Management had a net margin of 34.02% and a return on equity of 15.80%. As a group, sell-side analysts anticipate that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st were paid a $0.70 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $2.80 annualized dividend and a dividend yield of 12.1%. Annaly Capital Management’s payout ratio is presently 100.72%.

Insiders Place Their Bets

In other news, COO Steven Francis Campbell sold 28,225 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $23.12, for a total transaction of $652,562.00. Following the completion of the transaction, the chief operating officer owned 204,491 shares in the company, valued at approximately $4,727,831.92. This represents a 12.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Serena Wolfe sold 16,536 shares of Annaly Capital Management stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $23.14, for a total value of $382,643.04. Following the completion of the sale, the chief financial officer directly owned 173,081 shares of the company’s stock, valued at approximately $4,005,094.34. This trade represents a 8.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 71,252 shares of company stock worth $1,639,995 in the last ninety days. Insiders own 0.22% of the company’s stock.

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.