Handelsbanken Fonder AB Has $2.76 Million Stake in Annaly Capital Management, Inc. (NYSE:NLY)

Handelsbanken Fonder AB increased its position in Annaly Capital Management, Inc. (NYSE:NLY) by 21.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 150,600 shares of the real estate investment trust’s stock after acquiring an additional 26,600 shares during the quarter. Handelsbanken Fonder AB’s holdings in Annaly Capital Management were worth $2,756,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its stake in shares of Annaly Capital Management by 0.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 18,099,719 shares of the real estate investment trust’s stock valued at $332,665,000 after buying an additional 109,655 shares during the period. State Street Corp increased its stake in shares of Annaly Capital Management by 1.3% in the third quarter. State Street Corp now owns 17,400,024 shares of the real estate investment trust’s stock valued at $360,296,000 after buying an additional 223,294 shares during the period. Geode Capital Management LLC increased its stake in shares of Annaly Capital Management by 2.9% in the third quarter. Geode Capital Management LLC now owns 8,638,216 shares of the real estate investment trust’s stock valued at $172,988,000 after buying an additional 241,465 shares during the period. KBC Group NV increased its stake in shares of Annaly Capital Management by 238.9% in the fourth quarter. KBC Group NV now owns 5,198,020 shares of the real estate investment trust’s stock valued at $95,124,000 after buying an additional 3,664,098 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Annaly Capital Management by 531.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,981,081 shares of the real estate investment trust’s stock valued at $79,900,000 after buying an additional 3,350,435 shares during the period. Institutional investors and hedge funds own 51.56% of the company’s stock.

Wall Street Analyst Weigh In

NLY has been the subject of several recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $22.00 price objective on shares of Annaly Capital Management in a research note on Monday, February 10th. Barclays started coverage on Annaly Capital Management in a report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 target price on the stock. Argus upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Thursday, October 31st. JPMorgan Chase & Co. upped their target price on Annaly Capital Management from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $21.44.

Annaly Capital Management Trading Down 0.3 %

NYSE NLY opened at $21.58 on Tuesday. The firm has a market capitalization of $12.48 billion, a P/E ratio of 13.57, a PEG ratio of 4.89 and a beta of 1.52. The business has a fifty day simple moving average of $19.67 and a 200 day simple moving average of $19.81. Annaly Capital Management, Inc. has a 12 month low of $17.67 and a 12 month high of $21.88.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. As a group, sell-side analysts predict that Annaly Capital Management, Inc. will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 12.05%. The ex-dividend date of this dividend was Tuesday, December 31st. Annaly Capital Management’s payout ratio is currently 163.52%.

Annaly Capital Management 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.