Swedbank AB Boosts Stake in Annaly Capital Management, Inc. (NYSE:NLY)

Swedbank AB lifted its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 0.9% during the third quarter, Holdings Channel reports. The fund owned 650,059 shares of the real estate investment trust’s stock after purchasing an additional 6,007 shares during the quarter. Swedbank AB’s holdings in Annaly Capital Management were worth $13,047,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NLY. Avior Wealth Management LLC increased its holdings in Annaly Capital Management by 209.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 850 shares during the last quarter. UMB Bank n.a. grew its position in shares of Annaly Capital Management by 70.2% during the third quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 647 shares in the last quarter. Quarry LP bought a new stake in shares of Annaly Capital Management in the second quarter worth $36,000. EverSource Wealth Advisors LLC raised its holdings in Annaly Capital Management by 107.5% in the first quarter. EverSource Wealth Advisors LLC now owns 2,077 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 1,076 shares in the last quarter. Finally, Toth Financial Advisory Corp boosted its stake in Annaly Capital Management by 31.8% during the 3rd quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 576 shares during the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NLY. Wells Fargo & Company raised shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $19.00 to $23.00 in a research report on Friday, September 20th. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. JPMorgan Chase & Co. reduced their target price on Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Finally, Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $21.33.

Annaly Capital Management Price Performance

NYSE:NLY opened at $19.71 on Wednesday. The firm has a market capitalization of $11.05 billion, a P/E ratio of -281.57 and a beta of 1.52. The business has a 50 day simple moving average of $19.79 and a 200 day simple moving average of $19.86. Annaly Capital Management, Inc. has a 12-month low of $17.23 and a 12-month high of $21.11.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $212.00 million. During the same period last year, the firm posted $0.66 EPS. Research analysts anticipate that Annaly Capital Management, Inc. will post 2.65 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 13.19%. The ex-dividend date was Monday, September 30th. Annaly Capital Management’s dividend payout ratio (DPR) is -3,714.29%.

About Annaly Capital Management

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.