Danske Bank A S Buys 219,747 Shares of Annaly Capital Management Inc $NLY

Key Points

• Danske Bank A S raised its stake in Annaly by 18.7% in Q4, buying 219,747 shares to hold 1,397,534 shares (about 0.20% of the company) valued at roughly $31.25 million.
• Goldman Sachs sharply increased its position—up 833.6%—adding ~2.61 million shares to own 2,920,617 shares, and institutional investors now hold 51.56% of NLY.
• Insiders have been net sellers (71,252 shares in the past 90 days, including sales by the CFO and COO), while Annaly pays a quarterly dividend of $0.70 (a 12.3% yield) and the stock trades around $22.84 with a $16.4B market cap.

Danske Bank A S raised its stake in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 18.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,397,534 shares of the real estate investment trust's stock after buying an additional 219,747 shares during the period. Danske Bank A S owned about 0.20% of Annaly Capital Management worth $31,249,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NLY. AQR Capital Management LLC grew its position in shares of Annaly Capital Management by 111.8% in the 1st quarter. AQR Capital Management LLC now owns 56,803 shares of the real estate investment trust's stock valued at $1,154,000 after buying an additional 29,978 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in shares of Annaly Capital Management by 39.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 14,874 shares of the real estate investment trust's stock valued at $302,000 after buying an additional 4,205 shares during the last quarter. Millennium Management LLC grew its position in shares of Annaly Capital Management by 17.4% in the 1st quarter. Millennium Management LLC now owns 541,733 shares of the real estate investment trust's stock valued at $11,003,000 after buying an additional 80,481 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of Annaly Capital Management by 20.8% in the 1st quarter. NewEdge Advisors LLC now owns 17,845 shares of the real estate investment trust's stock valued at $362,000 after buying an additional 3,074 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Annaly Capital Management by 833.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust's stock valued at $59,318,000 after buying an additional 2,607,784 shares during the last quarter. Institutional investors own 51.56% of the company's stock.

Insider Activity

In related news, CFO Serena Wolfe sold 16,536 shares of the company's stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $23.14, for a total transaction of $382,643.04. Following the sale, the chief financial officer owned 173,081 shares in the company, valued at $4,005,094.34. This represents a 8.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Steven Francis Campbell sold 26,491 shares of the company's stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $22.83, for a total value of $604,789.53. Following the sale, the chief operating officer owned 178,000 shares in the company, valued at approximately $4,063,740. The trade was a 12.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 71,252 shares of company stock worth $1,639,995. 0.22% of the stock is owned by corporate insiders.

Annaly Capital Management Price Performance

Shares of Annaly Capital Management stock opened at $22.84 on Friday. Annaly Capital Management Inc has a one year low of $18.43 and a one year high of $24.52. The stock's 50-day moving average is $22.20 and its 200 day moving average is $22.37. The firm has a market cap of $16.41 billion, a price-to-earnings ratio of 7.72, a PEG ratio of 6.99 and a beta of 1.20.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Annaly Capital Management had a return on equity of 15.92% and a net margin of 34.33%.The company had revenue of $341.56 million for the quarter, compared to analyst estimates of $595.27 million. On average, sell-side analysts expect that Annaly Capital Management Inc will post 2.98 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, March 31st were given a dividend of $0.70 per share. The ex-dividend date was Tuesday, March 31st. This represents a $2.80 annualized dividend and a dividend yield of 12.3%. Annaly Capital Management's dividend payout ratio is presently 94.59%.

Analysts Set New Price Targets

NLY has been the topic of a number of analyst reports. BTIG Research upgraded Annaly Capital Management from a "neutral" rating to a "buy" rating and set a $25.00 price target on the stock in a research report on Tuesday, January 6th. Wells Fargo & Company reiterated an "overweight" rating and issued a $25.00 price target (up from $23.00) on shares of Annaly Capital Management in a research report on Thursday, January 29th. Piper Sandler reduced their price target on Annaly Capital Management from $25.00 to $22.00 and set an "overweight" rating on the stock in a research report on Thursday, April 2nd. Barclays set a $24.00 price target on Annaly Capital Management and gave the company an "equal weight" rating in a research report on Friday, January 30th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Annaly Capital Management in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $24.22.

Annaly Capital Management Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.