Banque Transatlantique SA Buys Shares of 165,346 Annaly Capital Management Inc $NLY

Key Points

• Banque Transatlantique SA has made a new investment of approximately $3.10 million in Annaly Capital Management, purchasing 165,346 shares of the real estate investment trust.
• Institutional ownership of Annaly Capital Management stands at 51.56%, with Vanguard Group Inc. and UBS AM among those increasing their stakes significantly.
• Recent earnings reports indicated that Annaly Capital Management posted earnings of $0.73 per share, surpassing expectations, with a revenue of $273.2 million for the last quarter.

Banque Transatlantique SA acquired a new position in Annaly Capital Management Inc (NYSE:NLY - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 165,346 shares of the real estate investment trust's stock, valued at approximately $3,103,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Voya Investment Management LLC increased its position in Annaly Capital Management by 4.8% during the fourth quarter. Voya Investment Management LLC now owns 68,158 shares of the real estate investment trust's stock worth $1,247,000 after acquiring an additional 3,103 shares during the period. The Manufacturers Life Insurance Company increased its position in Annaly Capital Management by 9.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 459,935 shares of the real estate investment trust's stock worth $8,417,000 after acquiring an additional 40,963 shares during the period. Schonfeld Strategic Advisors LLC increased its position in Annaly Capital Management by 25.0% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 54,691 shares of the real estate investment trust's stock worth $1,001,000 after acquiring an additional 10,925 shares during the period. Comerica Bank increased its position in Annaly Capital Management by 5.3% during the fourth quarter. Comerica Bank now owns 196,546 shares of the real estate investment trust's stock worth $3,597,000 after acquiring an additional 9,829 shares during the period. Finally, Mercer Global Advisors Inc. ADV bought a new position in Annaly Capital Management during the fourth quarter worth $4,448,000. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Price Performance

NYSE:NLY traded up $0.26 during mid-day trading on Friday, reaching $22.06. 8,141,360 shares of the company were exchanged, compared to its average volume of 5,865,447. Annaly Capital Management Inc has a 12 month low of $16.59 and a 12 month high of $22.18. The company has a fifty day moving average of $20.43 and a 200 day moving average of $19.97. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.21. The stock has a market cap of $14.16 billion, a PE ratio of 21.84, a PEG ratio of 5.24 and a beta of 1.24.

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

Wall Street Analyst Weigh In

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

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.