Avanza Fonder AB Acquires 38,018 Shares of Annaly Capital Management Inc $NLY

Avanza Fonder AB raised its holdings in Annaly Capital Management Inc (NYSE:NLY) by 113.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,548 shares of the real estate investment trust’s stock after buying an additional 38,018 shares during the period. Avanza Fonder AB’s holdings in Annaly Capital Management were worth $1,600,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Delos Wealth Advisors LLC acquired a new stake in shares of Annaly Capital Management in the 2nd quarter worth about $28,000. Evolution Wealth Management Inc. bought a new stake in Annaly Capital Management during the 2nd quarter worth approximately $29,000. MCF Advisors LLC increased its holdings in Annaly Capital Management by 41.6% during the 3rd quarter. MCF Advisors LLC now owns 1,688 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 496 shares in the last quarter. Elevation Wealth Partners LLC purchased a new stake in shares of Annaly Capital Management in the fourth quarter worth approximately $39,000. Finally, Aventura Private Wealth LLC bought a new position in shares of Annaly Capital Management in the fourth quarter valued at approximately $39,000. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Annaly Capital Management news, 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 transaction of $382,643.04. Following the sale, the chief financial officer owned 173,081 shares in the company, valued at $4,005,094.34. This represents a 8.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Steven Francis Campbell sold 26,491 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $22.83, for a total value of $604,789.53. Following the completion of the transaction, the chief operating officer directly owned 178,000 shares of the company’s stock, valued at $4,063,740. The trade was a 12.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 71,252 shares of company stock worth $1,639,995 in the last three months. Insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

NLY has been the subject of a number of analyst reports. Argus raised Annaly Capital Management to a “strong-buy” rating in a research report on Thursday, February 5th. BTIG Research upgraded shares of Annaly Capital Management from a “neutral” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Tuesday, January 6th. Barclays set a $24.00 price objective on shares of Annaly Capital Management and gave the stock an “equal weight” rating in a research report on Friday, January 30th. Royal Bank Of Canada lifted their target price on shares of Annaly Capital Management from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $25.00 target price (up from $23.00) on shares of Annaly Capital Management in a report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $24.11.

Annaly Capital Management Stock Performance

Shares of Annaly Capital Management stock opened at $21.07 on Wednesday. The stock has a market capitalization of $15.13 billion, a P/E ratio of 7.58, a P/E/G ratio of 6.53 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 $22.92 and its 200 day simple moving average is $22.24.

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. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $567.67 million. Annaly Capital Management had a net margin of 34.02% and a return on equity of 15.80%. Equities research analysts forecast that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, March 31st will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 13.3%. The ex-dividend date is Tuesday, March 31st. Annaly Capital Management’s payout ratio is currently 100.72%.

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.