Annaly Capital Management Inc $NLY Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Key Points

• Fjarde AP Fonden sold 14,000 shares of Annaly Capital Management, reducing its holdings by 10% to 125,796 shares, valued at approximately $2.56 million.
• Annaly Capital reported a quarterly earnings per share of $0.73, exceeding analysts' expectations, with revenue reaching $273.20 million for the quarter.
• The firm declared a quarterly dividend of $0.70, resulting in a 13.4% dividend yield, although its payout ratio stands at 277.23%.

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 10.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 125,796 shares of the real estate investment trust's stock after selling 14,000 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Annaly Capital Management were worth $2,555,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. grew its holdings in Annaly Capital Management by 26.3% in the 1st quarter. Russell Investments Group Ltd. now owns 1,516,416 shares of the real estate investment trust's stock valued at $30,826,000 after buying an additional 315,331 shares in the last quarter. Resona Asset Management Co. Ltd. grew its holdings in Annaly Capital Management by 6.2% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 90,811 shares of the real estate investment trust's stock valued at $1,853,000 after buying an additional 5,271 shares in the last quarter. AIA Group Ltd grew its holdings in Annaly Capital Management by 53.4% in the 1st quarter. AIA Group Ltd now owns 78,407 shares of the real estate investment trust's stock valued at $1,592,000 after buying an additional 27,310 shares in the last quarter. Independent Advisor Alliance grew its holdings in Annaly Capital Management by 13.2% in the 1st quarter. Independent Advisor Alliance now owns 35,485 shares of the real estate investment trust's stock valued at $721,000 after buying an additional 4,134 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of Annaly Capital Management during the 1st quarter worth $37,580,000. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Annaly Capital Management Trading Up 2.9%

NLY traded up $0.5950 during mid-day trading on Friday, hitting $21.1350. 8,361,804 shares of the stock were exchanged, compared to its average volume of 6,057,639. The firm's fifty day moving average is $20.02 and its two-hundred day moving average is $19.95. Annaly Capital Management Inc has a 1-year low of $16.59 and a 1-year high of $22.11. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.21. The company has a market cap of $13.57 billion, a PE ratio of 20.93, a PEG ratio of 5.01 and a beta of 1.20.

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

Annaly Capital Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 13.2%. The ex-dividend date of this dividend was Monday, June 30th. Annaly Capital Management's dividend payout ratio (DPR) is 277.23%.

Analysts Set New Price Targets

NLY has been the subject of a number of research analyst reports. UBS Group reiterated a "neutral" rating and set a $20.00 price target (up from $18.00) on shares of Annaly Capital Management in a report on Thursday, July 10th. Jones Trading reiterated a "buy" rating and set a $21.00 price target on shares of Annaly Capital Management in a report on Thursday, July 24th. Zacks Research cut Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Keefe, Bruyette & Woods increased their price target on Annaly Capital Management from $20.50 to $21.50 and gave the stock an "outperform" rating in a report on Friday, July 25th. Finally, Piper Sandler lowered their price target on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Seven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Annaly Capital Management currently has a consensus rating of "Moderate Buy" and an average target price of $20.72.

Annaly Capital Management Company Profile

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.