Charles Schwab Investment Management Inc. grew its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 12.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,612,278 shares of the real estate investment trust's stock after purchasing an additional 393,581 shares during the period. Charles Schwab Investment Management Inc. owned 0.64% of Annaly Capital Management worth $66,105,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Proffitt & Goodson Inc. raised its holdings in shares of Annaly Capital Management by 1.0% during the fourth quarter. Proffitt & Goodson Inc. now owns 53,040 shares of the real estate investment trust's stock worth $971,000 after purchasing an additional 505 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Annaly Capital Management by 29.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 549 shares during the period. Armstrong Advisory Group Inc. raised its holdings in shares of Annaly Capital Management by 6.6% during the fourth quarter. Armstrong Advisory Group Inc. now owns 9,121 shares of the real estate investment trust's stock worth $167,000 after purchasing an additional 562 shares during the period. Fermata Advisors LLC raised its holdings in shares of Annaly Capital Management by 3.2% during the fourth quarter. Fermata Advisors LLC now owns 18,022 shares of the real estate investment trust's stock worth $330,000 after purchasing an additional 563 shares during the period. Finally, KG&L Capital Management LLC raised its holdings in shares of Annaly Capital Management by 2.0% during the fourth quarter. KG&L Capital Management LLC now owns 30,648 shares of the real estate investment trust's stock worth $561,000 after purchasing an additional 600 shares during the period. 51.56% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the stock. JMP Securities reissued a "market perform" rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. JPMorgan Chase & Co. increased their price objective on shares of Annaly Capital Management from $19.00 to $21.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $22.00 price objective on shares of Annaly Capital Management in a report on Monday, February 10th. Finally, Barclays initiated coverage on shares of Annaly Capital Management in a report on Monday, January 6th. They issued an "equal weight" rating and a $19.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Annaly Capital Management presently has an average rating of "Moderate Buy" and an average price target of $21.44.
Check Out Our Latest Report on Annaly Capital Management
Annaly Capital Management Stock Down 3.3 %
Shares of NLY opened at $20.95 on Wednesday. The firm has a 50-day moving average price of $20.26 and a 200 day moving average price of $19.93. The firm has a market capitalization of $12.11 billion, a PE ratio of 13.17, a P/E/G ratio of 4.89 and a beta of 1.53. Annaly Capital Management, Inc. has a 52-week low of $17.67 and a 52-week high of $22.11.
Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts expect that Annaly Capital Management, Inc. will post 2.81 EPS 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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