Swedbank AB Increases Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Swedbank AB lifted its position in Annaly Capital Management, Inc. (NYSE:NLY) by 4.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 681,411 shares of the real estate investment trust’s stock after buying an additional 31,352 shares during the period. Swedbank AB’s holdings in Annaly Capital Management were worth $12,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Avior Wealth Management LLC lifted its holdings in Annaly Capital Management by 209.9% in the third quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 850 shares during the period. UMB Bank n.a. lifted its stake in shares of Annaly Capital Management by 70.2% in the 3rd quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 647 shares during the period. Blue Trust Inc. boosted its holdings in shares of Annaly Capital Management by 78.5% in the fourth quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 717 shares during the last quarter. Quarry LP bought a new stake in Annaly Capital Management during the second quarter valued at approximately $36,000. Finally, Toth Financial Advisory Corp increased its holdings in Annaly Capital Management by 31.8% during the third quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 576 shares during the last quarter. Institutional investors own 51.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NLY. Argus raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Thursday, October 31st. JPMorgan Chase & Co. raised their price objective on Annaly Capital Management from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday. Royal Bank of Canada boosted their price objective on Annaly Capital Management from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Monday, January 27th. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Finally, Barclays started coverage on shares of Annaly Capital Management in a research report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.44.

Annaly Capital Management Stock Performance

NLY stock opened at $20.39 on Friday. The company’s fifty day moving average price is $19.29 and its 200-day moving average price is $19.70. Annaly Capital Management, Inc. has a one year low of $17.67 and a one year high of $21.11. The company has a market capitalization of $11.43 billion, a PE ratio of 12.82 and a beta of 1.51.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 EPS for the quarter, topping the consensus estimate of $0.67 by $0.05. Annaly Capital Management had a net margin of 20.70% and a return on equity of 15.30%. On average, research analysts predict that Annaly Capital Management, Inc. will post 2.71 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 12.75%. The ex-dividend date of this dividend was Tuesday, December 31st. Annaly Capital Management’s dividend payout ratio is presently 163.52%.

About Annaly Capital Management

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.