Smith Asset Management Co. LLC Invests $2.21 Million in Annaly Capital Management Inc $NLY

Key Points

• Smith Asset Management Co. LLC invested approximately $2.21 million in Annaly Capital Management, acquiring 108,552 shares, making it the firm's 19th largest position.
• Institutional investors collectively own 51.56% of Annaly Capital Management's stock, with significant investments from firms like Goldman Sachs and Vanguard Group.
• Annaly Capital Management reported earnings of $0.73 per share for the last quarter, surpassing expectations and generating revenue of $273.20 million.

Smith Asset Management Co. LLC purchased a new position in Annaly Capital Management Inc (NYSE:NLY - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 108,552 shares of the real estate investment trust's stock, valued at approximately $2,205,000. Annaly Capital Management accounts for approximately 2.1% of Smith Asset Management Co. LLC's investment portfolio, making the stock its 19th largest position.

A number of other large investors have also recently bought and sold shares of NLY. Goldman Sachs Group Inc. grew its holdings in Annaly Capital Management by 833.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust's stock worth $59,318,000 after acquiring an additional 2,607,784 shares during the period. Nuveen LLC acquired a new stake in shares of Annaly Capital Management in the 1st quarter valued at about $37,580,000. Vanguard Group Inc. grew its stake in shares of Annaly Capital Management by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 56,356,579 shares of the real estate investment trust's stock valued at $1,144,602,000 after buying an additional 1,634,883 shares during the period. Great Lakes Advisors LLC acquired a new stake in shares of Annaly Capital Management in the 1st quarter valued at about $16,500,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Annaly Capital Management by 18.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,711,288 shares of the real estate investment trust's stock valued at $86,217,000 after buying an additional 730,207 shares during the period. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Price Performance

Shares of NYSE NLY opened at $22.16 on Tuesday. Annaly Capital Management Inc has a fifty-two week low of $16.59 and a fifty-two week high of $22.26. The stock has a market cap of $14.23 billion, a price-to-earnings ratio of 21.94, a PEG ratio of 5.24 and a beta of 1.24. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.11 and a current ratio of 0.11. The firm's 50-day simple moving average is $20.49 and its 200 day simple moving average is $19.96.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $273.20 million for the quarter, compared to analysts' expectations of $237.00 million. As a group, research analysts anticipate that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Annaly Capital Management Company 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.

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