Fjarde AP Fonden Fourth Swedish National Pension Fund Trims Stock Position in Annaly Capital Management Inc $NLY

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 trimmed its position in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 10.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 125,796 shares of the real estate investment trust's stock after selling 14,000 shares during the period. 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 reporting period.

A number of other institutional investors also recently modified their holdings of NLY. Inlight Wealth Management LLC acquired a new stake in shares of Annaly Capital Management during the 1st quarter valued at $25,000. Financial Gravity Asset Management Inc. bought a new stake in Annaly Capital Management in the first quarter valued at about $28,000. Smallwood Wealth Investment Management LLC bought a new stake in Annaly Capital Management in the first quarter valued at about $36,000. MCF Advisors LLC grew its stake in Annaly Capital Management by 1,087.1% during the first quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust's stock worth $37,000 after buying an additional 1,598 shares during the last quarter. Finally, Fourth Dimension Wealth LLC bought a new stake in Annaly Capital Management during the fourth quarter worth about $39,000. Institutional investors and hedge funds own 51.56% of the company's stock.

Analyst Ratings Changes

NLY has been the topic of several research analyst reports. Piper Sandler decreased their price target on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Keefe, Bruyette & Woods boosted their price objective on shares of Annaly Capital Management from $20.50 to $21.50 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Zacks Research lowered shares of Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. UBS Group reaffirmed a "neutral" rating and set a $20.00 target price (up previously from $18.00) on shares of Annaly Capital Management in a report on Thursday, July 10th. Finally, Jones Trading reaffirmed a "buy" rating and set a $21.00 target price on shares of Annaly Capital Management in a report on Thursday, July 24th. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $20.72.

Annaly Capital Management Stock Performance

NYSE NLY traded up $0.6170 during trading on Friday, reaching $21.1570. The company's stock had a trading volume of 6,138,691 shares, compared to its average volume of 7,715,703. 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 firm has a market capitalization of $13.58 billion, a price-to-earnings ratio of 20.97, a price-to-earnings-growth ratio of 4.96 and a beta of 1.20. Annaly Capital Management Inc has a 12 month low of $16.59 and a 12 month high of $22.11. The firm has a 50 day moving average price of $19.98 and a 200 day moving average price of $19.95.

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

Annaly Capital Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis 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%.

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.