Livforsakringsbolaget Skandia Omsesidigt Purchases 1,982 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 470.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,403 shares of the real estate investment trust’s stock after buying an additional 1,982 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Annaly Capital Management were worth $48,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NLY. Bank of Montreal Can boosted its holdings in shares of Annaly Capital Management by 24.0% during the 1st quarter. Bank of Montreal Can now owns 381,525 shares of the real estate investment trust’s stock worth $2,828,000 after buying an additional 73,892 shares during the period. MetLife Investment Management LLC bought a new stake in Annaly Capital Management in the 1st quarter valued at $199,000. Rhumbline Advisers boosted its holdings in Annaly Capital Management by 3.3% in the 1st quarter. Rhumbline Advisers now owns 1,185,123 shares of the real estate investment trust’s stock valued at $8,343,000 after purchasing an additional 37,762 shares during the period. Yousif Capital Management LLC boosted its holdings in Annaly Capital Management by 6.6% in the 1st quarter. Yousif Capital Management LLC now owns 97,368 shares of the real estate investment trust’s stock valued at $685,000 after purchasing an additional 6,043 shares during the period. Finally, Cibc World Market Inc. bought a new stake in Annaly Capital Management in the 1st quarter valued at $163,000. 51.56% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NLY. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $21.50 price target on shares of Annaly Capital Management in a report on Wednesday, March 27th. Jonestrading increased their price target on shares of Annaly Capital Management from $18.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, February 8th. StockNews.com raised shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, January 27th. Compass Point assumed coverage on shares of Annaly Capital Management in a report on Tuesday, April 2nd. They issued a “buy” rating and a $22.00 price target for the company. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $21.00 price objective on shares of Annaly Capital Management in a report on Monday, February 12th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Annaly Capital Management has an average rating of “Moderate Buy” and a consensus price target of $21.19.

Annaly Capital Management Price Performance

NYSE:NLY opened at $18.24 on Friday. The company has a 50-day moving average of $19.11 and a 200-day moving average of $18.60. Annaly Capital Management, Inc. has a 52 week low of $14.52 and a 52 week high of $21.07. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.40.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 14.26%. The ex-dividend date of this dividend is Wednesday, March 27th. Annaly Capital Management’s dividend payout ratio (DPR) is currently -72.02%.

Insider Buying and Selling

In related news, CEO David L. Finkelstein sold 50,000 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $19.03, for a total transaction of $951,500.00. Following the completion of the sale, the chief executive officer now owns 662,469 shares in the company, valued at approximately $12,606,785.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Annaly Capital Management Company Profile

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.