Handelsinvest Investeringsforvaltning Lowers Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Handelsinvest Investeringsforvaltning reduced its position in Annaly Capital Management, Inc. (NYSE:NLY) by 34.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,382 shares of the real estate investment trust’s stock after selling 8,506 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in Annaly Capital Management were worth $323,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of NLY. Norges Bank acquired a new position in shares of Annaly Capital Management in the 4th quarter valued at about $110,244,000. Balyasny Asset Management L.P. lifted its stake in shares of Annaly Capital Management by 159.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 6,118,940 shares of the real estate investment trust’s stock valued at $118,524,000 after purchasing an additional 3,762,652 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Annaly Capital Management by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 49,300,019 shares of the real estate investment trust’s stock valued at $954,941,000 after purchasing an additional 1,619,729 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Annaly Capital Management by 1,505.6% in the 4th quarter. Victory Capital Management Inc. now owns 1,676,931 shares of the real estate investment trust’s stock valued at $32,482,000 after purchasing an additional 1,572,487 shares in the last quarter. Finally, KBC Group NV lifted its stake in shares of Annaly Capital Management by 298.1% in the 4th quarter. KBC Group NV now owns 1,256,864 shares of the real estate investment trust’s stock valued at $24,345,000 after purchasing an additional 941,126 shares in the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Price Performance

Shares of NLY opened at $18.95 on Thursday. The business’s 50 day moving average is $19.66 and its two-hundred day moving average is $19.40. Annaly Capital Management, Inc. has a 52-week low of $14.52 and a 52-week high of $21.07. The firm has a market cap of $9.48 billion, a price-to-earnings ratio of -19.54 and a beta of 1.54.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Thursday, April 25th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.64. Annaly Capital Management had a positive return on equity of 15.13% and a negative net margin of 8.38%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $320.00 million. During the same period in the prior year, the company posted $0.81 EPS. On average, equities analysts expect that Annaly Capital Management, Inc. will post 2.64 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be issued a $0.65 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.72%. Annaly Capital Management’s dividend payout ratio (DPR) is -268.04%.

Wall Street Analyst Weigh In

Several research firms recently commented on NLY. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $21.50 price target on shares of Annaly Capital Management in a research report on Wednesday, March 27th. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, April 18th. Jonestrading reissued a “buy” rating and set a $21.00 price target on shares of Annaly Capital Management in a research report on Thursday, April 25th. Compass Point began coverage on Annaly Capital Management in a research report on Tuesday, April 2nd. They set a “buy” rating and a $22.00 price target on the stock. Finally, StockNews.com lowered Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.07.

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.