Advisors Asset Management Inc. Decreases Holdings in Annaly Capital Management Inc $NLY

Key Points

• Advisors Asset Management Inc. reduced its stake in Annaly Capital Management by 34.8%, owning 229,196 shares valued at approximately $4.65 million after selling 122,136 shares in the first quarter.
• Several analysts have issued ratings on Annaly Capital Management, with a consensus of "Moderate Buy" and an average price target of $20.83, reflecting a mix of buy and hold recommendations from various firms.
• Annaly reported earnings of $0.73 per share for the latest quarter, exceeding estimates, with revenue of $273.20 million compared to forecasts of $237.00 million.

Advisors Asset Management Inc. decreased its position in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 34.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 229,196 shares of the real estate investment trust's stock after selling 122,136 shares during the period. Advisors Asset Management Inc.'s holdings in Annaly Capital Management were worth $4,655,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NLY. Inlight Wealth Management LLC purchased a new position in shares of Annaly Capital Management in the first quarter worth $25,000. Financial Gravity Asset Management Inc. purchased a new position in shares of Annaly Capital Management in the first quarter worth $28,000. Twin Tree Management LP purchased a new position in shares of Annaly Capital Management in the first quarter worth $29,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of Annaly Capital Management in the first quarter worth $36,000. Finally, MCF Advisors LLC raised its holdings in shares of Annaly Capital Management by 1,087.1% in the first quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust's stock worth $37,000 after buying an additional 1,598 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Royal Bank Of Canada decreased their price target on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a report on Tuesday, May 27th. Jones Trading reaffirmed a "buy" rating and issued a $21.00 price target on shares of Annaly Capital Management in a report on Thursday, July 24th. UBS Group raised their price target on shares of Annaly Capital Management from $20.00 to $21.00 and gave the stock a "neutral" rating in a report on Wednesday, September 3rd. Zacks Research cut shares of Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Annaly Capital Management from $20.50 to $21.50 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Seven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $20.83.

Annaly Capital Management Stock Performance

NLY stock traded up $0.11 during midday trading on Tuesday, hitting $22.27. 9,109,360 shares of the stock traded hands, compared to its average volume of 7,680,197. The firm has a market cap of $14.30 billion, a P/E ratio of 22.05, a PEG ratio of 5.24 and a beta of 1.24. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11. The stock's fifty day simple moving average is $20.49 and its 200-day simple moving average is $19.96. Annaly Capital Management Inc has a 1-year low of $16.59 and a 1-year high of $22.36.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. The company had revenue of $273.20 million for the quarter, compared to analyst estimates of $237.00 million. Annaly Capital Management had a net margin of 13.76% and a return on equity of 15.53%. On average, analysts expect that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management 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.