KLP Kapitalforvaltning AS Increases Stake in Annaly Capital Management Inc (NYSE:NLY)

Key Points

• KLP Kapitalforvaltning AS has significantly increased its stake in Annaly Capital Management Inc by 48%, owning 220,584 shares valued at approximately $4.6 million.
• The company declared a quarterly dividend of $0.70 per share, which translates to an annualized dividend of $2.80 and a yield of 13.44%.
• Analysts maintain a generally positive outlook on the stock, with an average rating of "Moderate Buy" and a target price of around $21.00.

KLP Kapitalforvaltning AS lifted its holdings in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 48.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 220,584 shares of the real estate investment trust's stock after acquiring an additional 71,500 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Annaly Capital Management were worth $4,611,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of NLY. Corient Private Wealth LLC increased its stake in shares of Annaly Capital Management by 34.6% in the fourth quarter. Corient Private Wealth LLC now owns 28,806 shares of the real estate investment trust's stock worth $527,000 after purchasing an additional 7,410 shares in the last quarter. Vanguard Group Inc. grew its stake in Annaly Capital Management by 12.0% in the 4th quarter. Vanguard Group Inc. now owns 54,721,696 shares of the real estate investment trust's stock valued at $1,001,407,000 after buying an additional 5,859,104 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Annaly Capital Management by 6.4% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 20,709 shares of the real estate investment trust's stock valued at $379,000 after purchasing an additional 1,251 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Annaly Capital Management by 1.2% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 260,288 shares of the real estate investment trust's stock valued at $4,763,000 after buying an additional 2,968 shares in the last quarter. Finally, Korea Investment CORP grew its stake in Annaly Capital Management by 47.8% during the fourth quarter. Korea Investment CORP now owns 288,982 shares of the real estate investment trust's stock valued at $5,288,000 after acquiring an additional 93,400 shares in the last quarter. Hedge funds and other institutional investors own 51.56% of the company's stock.

Annaly Capital Management Stock Up 0.0%

Annaly Capital Management stock traded up $0.01 during midday trading on Tuesday, reaching $20.69. The company's stock had a trading volume of 1,532,767 shares, compared to its average volume of 7,903,094. The stock has a market capitalization of $12.36 billion, a P/E ratio of 20.49, a PEG ratio of 4.58 and a beta of 1.22. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.10. The stock's 50-day simple moving average is $19.40 and its 200-day simple moving average is $19.80. Annaly Capital Management Inc has a 52-week low of $16.59 and a 52-week high of $22.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. The firm had revenue of $273.20 million during the quarter, compared to analyst estimates of $237.00 million. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%. On average, sell-side analysts expect that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.80 annualized dividend and a dividend yield of 13.54%. Annaly Capital Management's dividend payout ratio (DPR) is 277.23%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. JPMorgan Chase & Co. reduced their target price on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Jones Trading reissued a "buy" rating and set a $21.00 price target on shares of Annaly Capital Management in a research report on Thursday, July 24th. Keefe, Bruyette & Woods increased their target price on shares of Annaly Capital Management from $20.50 to $21.50 and gave the stock an "outperform" rating in a report on Friday. UBS Group reiterated a "neutral" rating and set a $20.00 target price (up from $18.00) on shares of Annaly Capital Management in a report on Thursday, July 10th. Finally, Royal Bank Of Canada dropped their price objective on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a report on Tuesday, May 27th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $20.72.

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.