Annaly Capital Management Inc $NLY Shares Sold by Danske Bank A S

Danske Bank A S lowered its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 3.6% in the second quarter, Holdings Channel reports. The institutional investor owned 1,463,300 shares of the real estate investment trust’s stock after selling 54,300 shares during the period. Danske Bank A S’s holdings in Annaly Capital Management were worth $32,719,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Fourth Dimension Wealth LLC lifted its position in Annaly Capital Management by 76.9% in the fourth quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 500 shares during the period. Camelot Portfolios LLC acquired a new position in Annaly Capital Management during the 4th quarter worth approximately $29,000. Root Financial Partners LLC increased its position in Annaly Capital Management by 585.6% during the 1st quarter. Root Financial Partners LLC now owns 1,330 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 1,136 shares during the period. Mcguire Capital Advisors Inc. purchased a new position in shares of Annaly Capital Management during the 4th quarter worth approximately $31,000. Finally, TD Private Client Wealth LLC raised its stake in shares of Annaly Capital Management by 361.3% during the 4th quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 1,178 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Stock Performance

NLY opened at $23.73 on Thursday. Annaly Capital Management Inc has a 1 year low of $20.00 and a 1 year high of $24.52. The company’s 50 day simple moving average is $22.73 and its 200 day simple moving average is $22.37. The stock has a market capitalization of $17.88 billion, a PE ratio of 5.95, a P/E/G ratio of 6.11 and a beta of 1.16.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.04. Annaly Capital Management had a net margin of 43.66% and a return on equity of 16.00%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $639.80 million. As a group, sell-side analysts expect that Annaly Capital Management Inc will post 3.09 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.75 per share. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.70. The ex-dividend date was Tuesday, June 30th. This represents a $3.00 annualized dividend and a dividend yield of 12.6%. Annaly Capital Management’s dividend payout ratio (DPR) is currently 75.19%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NLY. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Annaly Capital Management in a report on Friday, July 10th. JPMorgan Chase & Co. reduced their target price on Annaly Capital Management from $26.00 to $24.00 and set an “overweight” rating for the company in a report on Friday, July 24th. UBS Group restated a “neutral” rating and set a $23.00 target price (up from $22.50) on shares of Annaly Capital Management in a research report on Friday, April 24th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $25.00 price target on shares of Annaly Capital Management in a report on Wednesday, June 3rd. Finally, Wells Fargo & Company reduced their price objective on shares of Annaly Capital Management from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and an average target price of $24.33.

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.