State of Michigan Retirement System increased its position in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 11.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 146,631 shares of the real estate investment trust's stock after acquiring an additional 14,700 shares during the quarter. State of Michigan Retirement System's holdings in Annaly Capital Management were worth $2,683,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of NLY. Farther Finance Advisors LLC boosted its position in shares of Annaly Capital Management by 76.2% in the third quarter. Farther Finance Advisors LLC now owns 4,372 shares of the real estate investment trust's stock valued at $88,000 after acquiring an additional 1,891 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Annaly Capital Management by 3.5% in the third quarter. Janney Montgomery Scott LLC now owns 135,197 shares of the real estate investment trust's stock valued at $2,713,000 after acquiring an additional 4,586 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of Annaly Capital Management by 213.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 39,351 shares of the real estate investment trust's stock valued at $790,000 after acquiring an additional 26,794 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of Annaly Capital Management by 1.4% in the third quarter. Asset Management One Co. Ltd. now owns 185,328 shares of the real estate investment trust's stock valued at $3,720,000 after acquiring an additional 2,485 shares during the period. Finally, Hollencrest Capital Management boosted its position in shares of Annaly Capital Management by 6.3% in the third quarter. Hollencrest Capital Management now owns 12,058 shares of the real estate investment trust's stock valued at $242,000 after acquiring an additional 710 shares during the period. 51.56% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts have issued reports on NLY shares. JMP Securities reiterated a "market perform" rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Royal Bank of Canada reiterated an "outperform" rating and set a $22.00 target price on shares of Annaly Capital Management in a research report on Monday, February 10th. JPMorgan Chase & Co. lifted their target price on shares of Annaly Capital Management from $19.00 to $21.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Finally, Barclays initiated coverage on shares of Annaly Capital Management in a research report on Monday, January 6th. They set an "equal weight" rating and a $19.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $21.44.
Read Our Latest Stock Analysis on NLY
Annaly Capital Management Stock Up 2.5 %
Shares of NLY stock traded up $0.54 during mid-day trading on Friday, reaching $21.85. 7,647,347 shares of the company's stock traded hands, compared to its average volume of 7,554,067. Annaly Capital Management, Inc. has a 12 month low of $17.67 and a 12 month high of $22.05. The company has a market cap of $12.63 billion, a P/E ratio of 13.74, a P/E/G ratio of 4.89 and a beta of 1.53. The company's 50-day moving average price is $20.14 and its 200-day moving average price is $19.92.
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 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%. 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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