APG Asset Management N.V. Boosts Stock Holdings in Annaly Capital Management Inc $NLY

APG Asset Management N.V. grew its position in Annaly Capital Management Inc (NYSE:NLY) by 11.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 330,300 shares of the real estate investment trust’s stock after purchasing an additional 34,700 shares during the period. APG Asset Management N.V.’s holdings in Annaly Capital Management were worth $6,675,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Rafferty Asset Management LLC boosted its holdings in Annaly Capital Management by 5.3% during the third quarter. Rafferty Asset Management LLC now owns 11,093 shares of the real estate investment trust’s stock worth $224,000 after purchasing an additional 555 shares during the last quarter. Ibex Wealth Advisors lifted its position in shares of Annaly Capital Management by 1.8% during the 3rd quarter. Ibex Wealth Advisors now owns 325,168 shares of the real estate investment trust’s stock worth $6,572,000 after buying an additional 5,701 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Annaly Capital Management by 55.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 233,500 shares of the real estate investment trust’s stock worth $4,719,000 after buying an additional 82,900 shares during the last quarter. Xponance Inc. boosted its stake in shares of Annaly Capital Management by 4.2% in the 3rd quarter. Xponance Inc. now owns 123,433 shares of the real estate investment trust’s stock worth $2,495,000 after buying an additional 5,017 shares during the last quarter. Finally, DNB Asset Management AS grew its holdings in shares of Annaly Capital Management by 11.4% in the third quarter. DNB Asset Management AS now owns 126,632 shares of the real estate investment trust’s stock valued at $2,559,000 after acquiring an additional 12,995 shares in the last quarter. 51.56% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Annaly Capital Management news, COO Steven Francis Campbell sold 28,225 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $23.12, for a total transaction of $652,562.00. Following the sale, the chief operating officer owned 204,491 shares of the company’s stock, valued at $4,727,831.92. The trade was a 12.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Serena Wolfe sold 16,536 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $23.14, for a total value of $382,643.04. Following the sale, the chief financial officer owned 173,081 shares in the company, valued at approximately $4,005,094.34. This represents a 8.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 71,252 shares of company stock valued at $1,639,995 over the last quarter. 0.22% of the stock is owned by company insiders.

Annaly Capital Management Stock Performance

Shares of Annaly Capital Management stock opened at $23.05 on Wednesday. The stock has a market capitalization of $16.56 billion, a P/E ratio of 8.29, a P/E/G ratio of 7.13 and a beta of 1.24. Annaly Capital Management Inc has a 52-week low of $16.59 and a 52-week high of $24.52. The stock’s 50-day simple moving average is $23.21 and its 200 day simple moving average is $22.14.

Annaly Capital Management (NYSE:NLY) last issued its earnings results on Wednesday, January 28th. The real estate investment trust reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. Annaly Capital Management had a net margin of 34.02% and a return on equity of 15.80%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $567.67 million. Equities research analysts forecast that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, December 31st were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 12.1%. The ex-dividend date was Wednesday, December 31st. Annaly Capital Management’s payout ratio is currently 100.72%.

Analyst Ratings Changes

A number of analysts recently commented on NLY shares. Royal Bank Of Canada lifted their price target on Annaly Capital Management from $23.00 to $25.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Argus raised Annaly Capital Management to a “strong-buy” rating in a research report on Thursday, February 5th. Keefe, Bruyette & Woods lifted their target price on Annaly Capital Management from $23.25 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Annaly Capital Management in a report on Wednesday, January 21st. Finally, BTIG Research upgraded shares of Annaly Capital Management from a “neutral” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Annaly Capital Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.11.

About Annaly Capital Management

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.