PFA Pension Forsikringsaktieselskab Invests $63.70 Million in Annaly Capital Management Inc $NLY

Key Points

• PFA Pension Forsikringsaktieselskab bought a new Q4 position of 2,765,917 shares in Annaly Capital Management, worth about $63.70 million, representing roughly 0.40% of the company.
• Goldman Sachs boosted its stake by 833.6% to 2,920,617 shares (≈$59.3 million), and hedge funds/institutional investors collectively own about 51.56% of Annaly's stock.
• Annaly pays a high dividend of $0.70 quarterly ($2.80 annual) for a 12.3% yieldModerate Buy with a $24.22 price target.

PFA Pension Forsikringsaktieselskab purchased a new position in Annaly Capital Management Inc (NYSE:NLY - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,765,917 shares of the real estate investment trust's stock, valued at approximately $63,699,000. PFA Pension Forsikringsaktieselskab owned 0.40% of Annaly Capital Management as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of NLY. AQR Capital Management LLC lifted 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 worth $1,154,000 after purchasing an additional 29,978 shares during the period. Integrated Wealth Concepts LLC lifted its position in Annaly Capital Management by 39.4% during the first quarter. Integrated Wealth Concepts LLC now owns 14,874 shares of the real estate investment trust's stock valued at $302,000 after acquiring an additional 4,205 shares during the last quarter. Millennium Management LLC lifted its position in Annaly Capital Management by 17.4% during the first quarter. Millennium Management LLC now owns 541,733 shares of the real estate investment trust's stock valued at $11,003,000 after acquiring an additional 80,481 shares during the last quarter. NewEdge Advisors LLC lifted its position in Annaly Capital Management by 20.8% during the first quarter. NewEdge Advisors LLC now owns 17,845 shares of the real estate investment trust's stock valued at $362,000 after acquiring an additional 3,074 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Annaly Capital Management by 833.6% during the first 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 acquiring an additional 2,607,784 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on NLY. Piper Sandler decreased their target price on shares of Annaly Capital Management from $25.00 to $22.00 and set an "overweight" rating for the company in a research report on Thursday, April 2nd. JonesTrading reissued a "buy" rating and set a $25.00 target price on shares of Annaly Capital Management in a research report on Wednesday, April 22nd. Wells Fargo & Company reissued an "overweight" rating and set a $25.00 target price (up from $23.00) on shares of Annaly Capital Management in a research report on Thursday, January 29th. BTIG Research raised shares of Annaly Capital Management from a "neutral" rating to a "buy" rating and set a $25.00 target price for the company in a research report on Tuesday, January 6th. Finally, Barclays set a $24.00 target price on shares of Annaly Capital Management and gave the company an "equal weight" rating in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $24.22.

Insider Buying and Selling

In other Annaly Capital Management news, CFO Serena Wolfe sold 16,536 shares of the company's stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $23.14, for a total transaction of $382,643.04. Following the transaction, the chief financial officer owned 173,081 shares in the company, valued at approximately $4,005,094.34. This represents a 8.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Steven Francis Campbell sold 28,225 shares of the company's stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $23.12, for a total transaction of $652,562.00. Following the transaction, the chief operating officer owned 204,491 shares in the company, valued at $4,727,831.92. The trade was a 12.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 71,252 shares of company stock worth $1,639,995 in the last 90 days. 0.22% of the stock is currently owned by company insiders.

Annaly Capital Management Trading Down 0.3%

Shares of Annaly Capital Management stock opened at $22.84 on Friday. Annaly Capital Management Inc has a 12-month low of $18.43 and a 12-month high of $24.52. The firm has a market capitalization of $16.41 billion, a price-to-earnings ratio of 7.72, a PEG ratio of 6.97 and a beta of 1.20. The firm's 50 day simple moving average is $22.20 and its two-hundred day simple moving average is $22.38.

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

Annaly Capital Management Dividend Announcement

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

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.