Inceptionr LLC bought a new stake in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 130,157 shares of the real estate investment trust's stock, valued at approximately $2,382,000. Annaly Capital Management makes up approximately 0.5% of Inceptionr LLC's holdings, making the stock its 8th biggest holding.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Avior Wealth Management LLC increased its position in Annaly Capital Management by 209.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust's stock worth $25,000 after purchasing an additional 850 shares in the last quarter. Blue Trust Inc. increased its position in Annaly Capital Management by 78.5% during the 4th quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 717 shares in the last quarter. Assetmark Inc. acquired a new position in Annaly Capital Management during the 4th quarter worth approximately $31,000. Smartleaf Asset Management LLC grew its holdings in Annaly Capital Management by 29.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust's stock worth $45,000 after acquiring an additional 549 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in Annaly Capital Management by 65.7% during the 4th quarter. UMB Bank n.a. now owns 2,598 shares of the real estate investment trust's stock worth $48,000 after acquiring an additional 1,030 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on NLY. Royal Bank of Canada reissued an "outperform" rating and set a $22.00 target price on shares of Annaly Capital Management in a report on Monday, February 10th. JMP Securities reissued a "market perform" rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Barclays started coverage on shares of Annaly Capital Management in a report on Monday, January 6th. They set an "equal weight" rating and a $19.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their price objective on shares of Annaly Capital Management from $19.00 to $21.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $21.44.
View Our Latest Analysis on Annaly Capital Management
Annaly Capital Management Stock Up 2.5 %
NYSE:NLY traded up $0.54 during trading hours on Friday, reaching $21.85. The company had a trading volume of 7,647,347 shares, compared to its average volume of 7,554,067. The firm has a market cap of $12.63 billion, a price-to-earnings ratio of 13.74, a P/E/G ratio of 4.89 and a beta of 1.53. The business's 50-day simple moving average is $20.14 and its two-hundred day simple moving average is $19.92. Annaly Capital Management, Inc. has a twelve month low of $17.67 and a twelve month high of $22.05.
Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.05. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. As a group, equities analysts predict that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.
About Annaly Capital Management
(
Free Report)
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.
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