Skandinaviska Enskilda Banken AB publ Acquires 52,440 Shares of Annaly Capital Management Inc (NYSE:NLY)

Key Points

• Skandinaviska Enskilda Banken AB increased its stake in Annaly Capital Management Inc by 46.7% during the first quarter, now holding 164,779 shares valued at approximately $3.3 million.
• Analysts have varied opinions on Annaly Capital Management, with an average rating of "Moderate Buy" and a target price around $20.72, reflecting a range of estimates from different firms.
• Annaly recently declared a quarterly dividend of $0.70 per share, providing a 13.44% annualized yield, further emphasizing its position in the real estate investment trust market.

Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 46.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 164,779 shares of the real estate investment trust's stock after buying an additional 52,440 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Annaly Capital Management were worth $3,347,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its holdings in shares of Annaly Capital Management by 31.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 34,426,571 shares of the real estate investment trust's stock valued at $630,007,000 after purchasing an additional 8,272,674 shares during the last quarter. Norges Bank acquired a new stake in shares of Annaly Capital Management in the fourth quarter valued at approximately $127,397,000. Northern Trust Corp raised its holdings in shares of Annaly Capital Management by 90.6% in the fourth quarter. Northern Trust Corp now owns 7,587,581 shares of the real estate investment trust's stock valued at $138,853,000 after purchasing an additional 3,606,366 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Annaly Capital Management by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 9,453,133 shares of the real estate investment trust's stock valued at $172,706,000 after purchasing an additional 814,917 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Annaly Capital Management by 18.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,711,288 shares of the real estate investment trust's stock valued at $86,217,000 after purchasing an additional 730,207 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Stock Performance

NLY stock traded up $0.05 during midday trading on Friday, reaching $20.38. 2,971,300 shares of the company were exchanged, compared to its average volume of 7,879,621. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.10. The business has a 50-day moving average price of $19.49 and a two-hundred day moving average price of $19.83. Annaly Capital Management Inc has a one year low of $16.59 and a one year high of $22.11. The firm has a market capitalization of $12.18 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 4.55 and a beta of 1.22.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.73 EPS 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 firm had revenue of $273.20 million during the quarter, compared to analysts' expectations of $237.00 million. Equities research analysts forecast that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 13.7%. The ex-dividend date of this dividend was Monday, June 30th. Annaly Capital Management's payout ratio is 277.23%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NLY. Jones Trading reiterated a "buy" rating and issued a $21.00 price objective on shares of Annaly Capital Management in a report on Thursday, July 24th. JPMorgan Chase & Co. lowered their price objective on shares of Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. UBS Group reissued a "neutral" rating and issued a $20.00 target price (up from $18.00) on shares of Annaly Capital Management in a research note on Thursday, July 10th. Keefe, Bruyette & Woods raised their target price on shares of Annaly Capital Management from $20.50 to $21.50 and gave the company an "outperform" rating in a research note on Friday, July 25th. Finally, Royal Bank Of Canada decreased their target price 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 equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target 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.