Swiss National Bank Decreases Position in Annaly Capital Management, Inc. (NYSE:NLY)

Swiss National Bank trimmed its position in Annaly Capital Management, Inc. (NYSE:NLY) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,539,700 shares of the real estate investment trust’s stock after selling 48,900 shares during the period. Swiss National Bank owned 0.31% of Annaly Capital Management worth $29,824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Selway Asset Management acquired a new position in shares of Annaly Capital Management in the 3rd quarter valued at $26,000. GAMMA Investing LLC acquired a new stake in Annaly Capital Management during the 4th quarter worth about $33,000. Central Bank & Trust Co. acquired a new stake in Annaly Capital Management during the 4th quarter worth about $34,000. NBC Securities Inc. acquired a new stake in Annaly Capital Management during the 3rd quarter worth about $38,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its position in Annaly Capital Management by 470.8% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,403 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 1,982 shares during the period. 51.56% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NLY. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $21.00 price target on shares of Annaly Capital Management in a research note on Monday, February 12th. Jonestrading restated a “buy” rating and set a $21.00 price target on shares of Annaly Capital Management in a report on Thursday, April 25th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $21.50 price target on shares of Annaly Capital Management in a report on Wednesday, March 27th. Compass Point started coverage on shares of Annaly Capital Management in a report on Tuesday, April 2nd. They issued a “buy” rating and a $22.00 target price for the company. Finally, JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, April 18th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.08.

Annaly Capital Management Price Performance

Annaly Capital Management stock opened at $19.68 on Thursday. The firm has a fifty day moving average of $19.19 and a 200-day moving average of $18.74. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.58. Annaly Capital Management, Inc. has a 52-week low of $14.52 and a 52-week high of $21.07. The firm has a market capitalization of $9.85 billion, a P/E ratio of -20.29 and a beta of 1.54.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Thursday, April 25th. The real estate investment trust reported $0.64 earnings per share for the quarter, meeting the consensus estimate of $0.64. Annaly Capital Management had a positive return on equity of 15.13% and a negative net margin of 8.38%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $320.00 million. During the same period last year, the firm earned $0.81 earnings per share. As a group, analysts predict that Annaly Capital Management, Inc. will post 2.62 EPS for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 13.21%. The ex-dividend date of this dividend was Wednesday, March 27th. Annaly Capital Management’s dividend payout ratio (DPR) is currently -268.04%.

Insider Buying and Selling

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 662,469 shares of the company’s stock, valued at approximately $12,606,785.07. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.21% of the company’s stock.

About Annaly Capital Management

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.