Annaly Capital Management, Inc. (NYSE:NLY) Shares Bought by Swedbank AB

Swedbank AB grew its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 0.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 650,059 shares of the real estate investment trust’s stock after acquiring an additional 6,007 shares during the period. Swedbank AB owned about 0.12% of Annaly Capital Management worth $13,047,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its position in Annaly Capital Management by 8.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 17,990,064 shares of the real estate investment trust’s stock worth $361,061,000 after purchasing an additional 1,342,056 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Annaly Capital Management by 454.6% during the 1st quarter. Cetera Investment Advisers now owns 1,010,542 shares of the real estate investment trust’s stock worth $19,898,000 after buying an additional 828,325 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of Annaly Capital Management by 2,254.2% in the 3rd quarter. International Assets Investment Management LLC now owns 449,706 shares of the real estate investment trust’s stock worth $90,260,000 after buying an additional 430,604 shares in the last quarter. Clarity Financial LLC acquired a new stake in Annaly Capital Management in the 3rd quarter valued at about $6,687,000. Finally, AMF Tjanstepension AB increased its holdings in Annaly Capital Management by 65.0% during the 2nd quarter. AMF Tjanstepension AB now owns 804,113 shares of the real estate investment trust’s stock valued at $15,452,000 after acquiring an additional 316,726 shares in the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Trading Down 0.9 %

Shares of NLY stock opened at $19.71 on Wednesday. The company has a market cap of $11.05 billion, a PE ratio of -281.57 and a beta of 1.52. The company’s fifty day simple moving average is $19.79 and its 200-day simple moving average is $19.86. Annaly Capital Management, Inc. has a 52 week low of $17.23 and a 52 week high of $21.11.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.66 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.01). Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $212.00 million. During the same period last year, the business earned $0.66 earnings per share. Equities research analysts expect that Annaly Capital Management, Inc. will post 2.65 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 13.19%. The ex-dividend date of this dividend was Monday, September 30th. Annaly Capital Management’s dividend payout ratio (DPR) is -3,714.29%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NLY. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research report on Wednesday, August 28th. Wells Fargo & Company raised Annaly Capital Management from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $19.00 to $23.00 in a research report on Friday, September 20th. Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. cut their target price on shares of Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $21.33.

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.