Andra AP fonden Grows Stock Holdings in Annaly Capital Management Inc $NLY

Andra AP fonden lifted its position in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 5,304.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 262,393 shares of the real estate investment trust's stock after buying an additional 257,538 shares during the period. Andra AP fonden's holdings in Annaly Capital Management were worth $5,867,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of NLY. HUB Investment Partners LLC grew its holdings in shares of Annaly Capital Management by 3.3% during the second quarter. HUB Investment Partners LLC now owns 14,668 shares of the real estate investment trust's stock worth $328,000 after buying an additional 462 shares in the last quarter. Quadcap Wealth Management LLC lifted its stake in Annaly Capital Management by 2.3% in the 1st quarter. Quadcap Wealth Management LLC now owns 21,889 shares of the real estate investment trust's stock valued at $463,000 after acquiring an additional 495 shares in the last quarter. Fourth Dimension Wealth LLC boosted its position in Annaly Capital Management by 30.3% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 2,150 shares of the real estate investment trust's stock worth $48,000 after acquiring an additional 500 shares during the last quarter. Strs Ohio boosted its position in Annaly Capital Management by 3.3% during the 1st quarter. Strs Ohio now owns 16,920 shares of the real estate investment trust's stock worth $358,000 after acquiring an additional 548 shares during the last quarter. Finally, Sigma Planning Corp raised its holdings in shares of Annaly Capital Management by 2.4% in the second quarter. Sigma Planning Corp now owns 25,979 shares of the real estate investment trust's stock valued at $581,000 after purchasing an additional 606 shares during the last quarter. Institutional investors own 51.56% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NLY shares. JPMorgan Chase & Co. dropped their target price on shares of Annaly Capital Management from $26.00 to $24.00 and set an "overweight" rating on the stock in a report on Friday, July 24th. Piper Sandler lifted their price target on Annaly Capital Management from $24.50 to $25.00 and gave the stock an "overweight" rating in a report on Thursday, July 2nd. Zacks Research downgraded Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 31st. Royal Bank Of Canada restated an "outperform" rating and issued a $25.00 price objective on shares of Annaly Capital Management in a research note on Wednesday, June 3rd. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Annaly Capital Management in a research note on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Annaly Capital Management presently has an average rating of "Moderate Buy" and an average price target of $24.33.

Annaly Capital Management Price Performance

Shares of NLY opened at $21.02 on Thursday. The firm has a 50 day simple moving average of $22.65 and a two-hundred day simple moving average of $22.26. The company has a market cap of $15.84 billion, a P/E ratio of 5.27, a P/E/G ratio of 1.69 and a beta of 1.16. Annaly Capital Management Inc has a one year low of $20.00 and a one year high of $24.52.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.04. Annaly Capital Management had a net margin of 43.66% and a return on equity of 16.00%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $639.80 million. On average, analysts expect that Annaly Capital Management Inc will post 3.09 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be given a dividend of $0.75 per share. The ex-dividend date is Wednesday, September 30th. This represents a $3.00 annualized dividend and a dividend yield of 14.3%. Annaly Capital Management's dividend payout ratio is presently 75.19%.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a Maryland-based mortgage real estate investment trust that invests in and manages a portfolio of mortgage-related assets. The company's primary business is providing capital to the U.S. housing market through investments in agency mortgage-backed securities, which are guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae.

In addition to agency securities, Annaly invests in residential credit assets and mortgage servicing rights. These investments provide exposure to different segments of the residential mortgage market, while the company uses financing, hedging and portfolio management strategies to manage interest-rate and other market risks.

Founded in 1996, Annaly primarily operates in the United States and is internally managed.

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