Tredje AP fonden Sells 1,228 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Tredje AP fonden lessened its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 78,626 shares of the real estate investment trust’s stock after selling 1,228 shares during the quarter. Tredje AP fonden’s holdings in Annaly Capital Management were worth $1,499,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of NLY. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Annaly Capital Management during the 4th quarter worth approximately $210,000. Avantax Advisory Services Inc. grew its holdings in shares of Annaly Capital Management by 11.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 17,207 shares of the real estate investment trust’s stock worth $333,000 after purchasing an additional 1,820 shares in the last quarter. Panagora Asset Management Inc. bought a new position in shares of Annaly Capital Management in the fourth quarter worth $301,000. Norges Bank bought a new position in shares of Annaly Capital Management in the fourth quarter worth $110,244,000. Finally, Wells Fargo & Company MN raised its stake in Annaly Capital Management by 12.2% in the fourth quarter. Wells Fargo & Company MN now owns 527,683 shares of the real estate investment trust’s stock valued at $10,221,000 after purchasing an additional 57,322 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO David L. Finkelstein sold 50,000 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $20.05, for a total transaction of $1,002,500.00. Following the completion of the transaction, the chief executive officer now owns 612,469 shares of the company’s stock, valued at $12,280,003.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.21% of the company’s stock.

Annaly Capital Management Stock Performance

Shares of NYSE:NLY opened at $20.88 on Friday. Annaly Capital Management, Inc. has a 52-week low of $14.52 and a 52-week high of $21.11. The company has a market capitalization of $10.45 billion, a PE ratio of -21.53 and a beta of 1.52. The company has a fifty day moving average of $20.12 and a 200-day moving average of $19.67.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 EPS for the quarter, beating the consensus estimate of $0.66 by $0.02. Annaly Capital Management had a positive return on equity of 15.24% and a negative net margin of 12.02%. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $318.00 million. During the same period last year, the company earned $0.72 earnings per share. On average, equities analysts forecast that Annaly Capital Management, Inc. will post 2.67 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.60 annualized dividend and a yield of 12.45%. Annaly Capital Management’s dividend payout ratio is presently -268.04%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NLY shares. JPMorgan Chase & Co. increased their price objective on shares of Annaly Capital Management from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Janney Montgomery Scott assumed coverage on shares of Annaly Capital Management in a research report on Thursday, June 6th. They set a “buy” rating and a $21.00 price target on the stock. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research report on Wednesday, August 28th. Compass Point upped their target price on Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Wells Fargo & Company upgraded Annaly Capital Management from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $19.00 to $23.00 in a research note on Friday. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Annaly Capital Management presently has an average rating of “Moderate Buy” and a consensus price target of $21.38.

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.