Skandinaviska Enskilda Banken AB publ Boosts Stake in Annaly Capital Management, Inc. (NYSE:NLY)

Skandinaviska Enskilda Banken AB publ lifted its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 40.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 130,044 shares of the real estate investment trust’s stock after purchasing an additional 37,130 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Annaly Capital Management were worth $2,479,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of NLY. Core Wealth Advisors Inc. lifted its holdings in shares of Annaly Capital Management by 222.2% during the fourth quarter. Core Wealth Advisors Inc. now owns 1,450 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,000 shares in the last quarter. Rise Advisors LLC bought a new position in Annaly Capital Management during the 1st quarter valued at about $29,000. Register Financial Advisors LLC bought a new stake in shares of Annaly Capital Management in the first quarter worth approximately $37,000. EverSource Wealth Advisors LLC grew its stake in shares of Annaly Capital Management by 107.5% in the first quarter. EverSource Wealth Advisors LLC now owns 2,077 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 1,076 shares during the period. Finally, MCF Advisors LLC bought a new stake in shares of Annaly Capital Management in the first quarter worth approximately $44,000. 51.56% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on NLY. Compass Point raised their target price on Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a report on Friday, July 26th. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. Janney Montgomery Scott initiated coverage on shares of Annaly Capital Management in a research note on Thursday, June 6th. They set a “buy” rating and a $21.00 target price on the stock. Wells Fargo & Company raised shares of 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 report on Friday. Finally, StockNews.com cut shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Annaly Capital Management has an average rating of “Moderate Buy” and an average target price of $21.38.

Annaly Capital Management Stock Performance

Shares of NLY opened at $20.31 on Tuesday. Annaly Capital Management, Inc. has a fifty-two week low of $14.52 and a fifty-two week high of $21.11. The stock has a market capitalization of $10.16 billion, a PE ratio of -20.94 and a beta of 1.52. The company’s fifty day moving average is $20.13 and its 200 day moving average is $19.70.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 earnings per share (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 business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $318.00 million. During the same quarter in the previous year, the business earned $0.72 earnings per share. As a group, research analysts forecast that Annaly Capital Management, Inc. will post 2.67 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.60 annualized dividend and a yield of 12.80%. Annaly Capital Management’s dividend payout ratio (DPR) is presently -268.04%.

Insider Activity at Annaly Capital Management

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

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.