Annaly Capital Management Inc (NYSE:NLY) Shares Bought by Forsta AP Fonden

Key Points

• Forsta AP Fonden increased its stake in Annaly Capital Management Inc by 23.9%, acquiring an additional 65,700 shares during the first quarter, bringing its total to 340,200 shares worth approximately $6.9 million.
• Annaly Capital Management recently reported $0.73 earnings per share, exceeding analysts' estimates and generating revenues of $273.20 million compared to expectations of $237 million.
• The firm announced a quarterly dividend of $0.70 per share, reflecting a 13.6% yield and a high dividend payout ratio of 277.23%.

Forsta AP Fonden lifted its holdings in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 23.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 340,200 shares of the real estate investment trust's stock after buying an additional 65,700 shares during the period. Forsta AP Fonden owned approximately 0.06% of Annaly Capital Management worth $6,909,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in NLY. Citigroup Inc. increased its holdings in Annaly Capital Management by 99.9% in the first quarter. Citigroup Inc. now owns 533,158 shares of the real estate investment trust's stock valued at $10,828,000 after buying an additional 266,389 shares in the last quarter. Swiss National Bank increased its holdings in Annaly Capital Management by 4.0% in the first quarter. Swiss National Bank now owns 1,580,900 shares of the real estate investment trust's stock valued at $32,108,000 after buying an additional 60,500 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Annaly Capital Management by 15.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 441,575 shares of the real estate investment trust's stock valued at $8,968,000 after buying an additional 57,929 shares in the last quarter. Deutsche Bank AG increased its holdings in Annaly Capital Management by 7.3% in the first quarter. Deutsche Bank AG now owns 1,175,850 shares of the real estate investment trust's stock valued at $23,882,000 after buying an additional 79,687 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Annaly Capital Management by 5.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,808,767 shares of the real estate investment trust's stock valued at $77,356,000 after buying an additional 196,489 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company's stock.

Analyst Ratings Changes

NLY has been the subject of a number of recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Piper Sandler dropped their price objective on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Jones Trading reissued a "buy" rating and set a $21.00 price objective on shares of Annaly Capital Management in a research note on Thursday, July 24th. Keefe, Bruyette & Woods raised 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. Finally, Royal Bank Of Canada dropped their price objective on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a research note on Tuesday, May 27th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Annaly Capital Management presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.72.

Annaly Capital Management Trading Down 0.2%

NLY stock traded down $0.04 during midday trading on Thursday, hitting $20.83. The stock had a trading volume of 4,280,268 shares, compared to its average volume of 7,773,620. The firm has a market cap of $13.37 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 4.88 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11. Annaly Capital Management Inc has a 12-month low of $16.59 and a 12-month high of $22.11. The company's 50-day moving average price is $19.79 and its 200 day moving average price is $19.92.

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

Annaly Capital Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.4%. The ex-dividend date 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.