Annaly Capital Management Inc $NLY Shares Acquired by DNB Asset Management AS

DNB Asset Management AS grew its holdings in Annaly Capital Management Inc (NYSE:NLY) by 165.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 336,067 shares of the real estate investment trust’s stock after buying an additional 209,435 shares during the period. DNB Asset Management AS’s holdings in Annaly Capital Management were worth $7,514,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Annaly Capital Management by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 63,613,639 shares of the real estate investment trust’s stock valued at $1,422,401,000 after buying an additional 3,024,564 shares during the last quarter. State Street Corp raised its position in shares of Annaly Capital Management by 7.4% in the third quarter. State Street Corp now owns 24,371,827 shares of the real estate investment trust’s stock valued at $508,920,000 after buying an additional 1,687,839 shares during the last quarter. Northern Trust Corp raised its position in shares of Annaly Capital Management by 1.1% in the third quarter. Northern Trust Corp now owns 6,604,380 shares of the real estate investment trust’s stock valued at $133,475,000 after buying an additional 70,262 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Annaly Capital Management by 394.1% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,374,696 shares of the real estate investment trust’s stock valued at $108,623,000 after buying an additional 4,286,893 shares during the last quarter. Finally, UBS Group AG raised its position in shares of Annaly Capital Management by 21.4% in the third quarter. UBS Group AG now owns 3,662,780 shares of the real estate investment trust’s stock valued at $74,025,000 after buying an additional 645,527 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NLY has been the subject of a number of analyst reports. Wall Street Zen raised shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. JPMorgan Chase & Co. upped their price objective on shares of Annaly Capital Management from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Piper Sandler dropped their price objective on shares of Annaly Capital Management from $25.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, April 2nd. UBS Group reissued a “neutral” rating and issued a $23.00 price objective (up from $22.50) on shares of Annaly Capital Management in a report on Friday, April 24th. Finally, Argus raised shares of Annaly Capital Management to a “strong-buy” rating in a report on Thursday, February 5th. One 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $24.22.

Insider Activity

In other news, CFO Serena Wolfe sold 16,536 shares of the stock in a transaction dated Wednesday, February 18th. The shares were 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 of the company’s stock, valued at approximately $4,005,094.34. This represents a 8.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Steven Francis Campbell sold 26,491 shares of the stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $22.83, for a total transaction of $604,789.53. Following the sale, the chief operating officer directly owned 178,000 shares in the company, valued at $4,063,740. This represents a 12.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 71,252 shares of company stock worth $1,639,995 in the last three months. Corporate insiders own 0.22% of the company’s stock.

Annaly Capital Management Price Performance

Shares of NLY stock opened at $21.57 on Tuesday. The firm has a market cap of $15.81 billion, a PE ratio of 7.29, a price-to-earnings-growth ratio of 6.62 and a beta of 1.20. The company has a 50-day moving average of $22.03 and a two-hundred day moving average of $22.48. Annaly Capital Management Inc has a 1-year low of $18.43 and a 1-year high of $24.52.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. The company had revenue of $341.56 million during the quarter, compared to analyst estimates of $595.27 million. Annaly Capital Management had a net margin of 34.33% and a return on equity of 15.92%. Sell-side analysts anticipate that Annaly Capital Management Inc will post 2.98 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 13.0%. The ex-dividend date of this dividend was Tuesday, March 31st. Annaly Capital Management’s dividend payout ratio is currently 94.59%.

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.