Allianz Asset Management GmbH Has $2.53 Million Stake in Annaly Capital Management Inc $NLY

Allianz Asset Management GmbH cut its holdings in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 84.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 112,989 shares of the real estate investment trust's stock after selling 598,450 shares during the quarter. Allianz Asset Management GmbH's holdings in Annaly Capital Management were worth $2,526,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. AQR Capital Management LLC boosted its holdings in shares of Annaly Capital Management by 111.8% during the first quarter. AQR Capital Management LLC now owns 56,803 shares of the real estate investment trust's stock worth $1,154,000 after acquiring an additional 29,978 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in shares of Annaly Capital Management by 39.4% during the first quarter. Integrated Wealth Concepts LLC now owns 14,874 shares of the real estate investment trust's stock worth $302,000 after buying an additional 4,205 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Annaly Capital Management by 17.4% during the first quarter. Millennium Management LLC now owns 541,733 shares of the real estate investment trust's stock worth $11,003,000 after buying an additional 80,481 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Annaly Capital Management by 20.8% in the first quarter. NewEdge Advisors LLC now owns 17,845 shares of the real estate investment trust's stock valued at $362,000 after acquiring an additional 3,074 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Annaly Capital Management by 833.6% in the first quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust's stock valued at $59,318,000 after acquiring an additional 2,607,784 shares during the period. Institutional investors own 51.56% of the company's stock.

Wall Street Analyst Weigh In

NLY has been the topic of a number of recent research reports. Wells Fargo & Company lowered their price target on shares of Annaly Capital Management from $25.00 to $24.00 and set an "overweight" rating on the stock in a research report on Thursday, July 23rd. Royal Bank Of Canada reissued an "outperform" rating and issued a $25.00 price objective on shares of Annaly Capital Management in a report on Wednesday, June 3rd. BTIG Research set a $24.00 target price on shares of Annaly Capital Management in a research report on Wednesday, June 17th. Piper Sandler raised their target price on shares of Annaly Capital Management from $24.50 to $25.00 and gave the stock an "overweight" rating in a report on Thursday, July 2nd. Finally, Zacks Research cut Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.33.

Annaly Capital Management Stock Down 0.3%

Shares of Annaly Capital Management stock opened at $22.75 on Wednesday. The company has a market capitalization of $17.15 billion, a price-to-earnings ratio of 5.70, a PEG ratio of 1.79 and a beta of 1.16. Annaly Capital Management Inc has a 12-month low of $20.00 and a 12-month high of $24.52. The firm's 50-day moving average price is $22.90 and its two-hundred day moving average price is $22.38.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.75 by $0.04. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $639.80 million. Annaly Capital Management had a net margin of 43.66% and a return on equity of 16.00%. On average, sell-side analysts expect that Annaly Capital Management Inc will post 3.09 earnings per share for the current year.

Annaly Capital Management Profile

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company's core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.