MML Investors Services LLC decreased its position in Annaly Capital Management, Inc. (NYSE:NLY) by 23.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 90,593 shares of the real estate investment trust’s stock after selling 28,363 shares during the period. MML Investors Services LLC’s holdings in Annaly Capital Management were worth $1,077,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. purchased a new position in Annaly Capital Management in the third quarter valued at $100,000. Barrett Asset Management LLC purchased a new position in Annaly Capital Management in the fourth quarter valued at $107,000. Wellington Shields Capital Management LLC purchased a new position in Annaly Capital Management in the third quarter valued at $122,000. Advisor Partners LLC purchased a new position in Annaly Capital Management in the fourth quarter valued at $122,000. Finally, Garrison Bradford & Associates Inc. purchased a new position in Annaly Capital Management in the fourth quarter valued at $125,000. 60.07% of the stock is owned by institutional investors.
A number of analysts have recently commented on the stock. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Annaly Capital Management in a research note on Friday, February 16th. Compass Point raised shares of Annaly Capital Management from a “sell” rating to a “neutral” rating in a research note on Tuesday, February 13th. Bank of America raised shares of Annaly Capital Management from an “underperform” rating to a “neutral” rating in a research note on Thursday, February 1st. Finally, Zacks Investment Research cut shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Annaly Capital Management currently has a consensus rating of “Buy” and a consensus target price of $12.21.
Shares of Annaly Capital Management, Inc. (NYSE NLY) opened at $10.57 on Wednesday. The company has a market cap of $12,152.85, a PE ratio of 8.59, a PEG ratio of 7.34 and a beta of 0.10. Annaly Capital Management, Inc. has a one year low of $10.00 and a one year high of $12.73. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.03 and a current ratio of 0.03.
Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. The firm had revenue of $426.71 million for the quarter, compared to analyst estimates of $370.80 million. Annaly Capital Management had a net margin of 72.18% and a return on equity of 11.66%. Annaly Capital Management’s quarterly revenue was down 31.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.30 earnings per share. research analysts forecast that Annaly Capital Management, Inc. will post 1.17 EPS for the current fiscal year.
Annaly Capital Management Company Profile
Annaly Capital Management, Inc is a mortgage real estate investment trust (REIT). The Company owns a portfolio of real estate related investments. Its investment groups primarily consist of Agency, which invests primarily in various types of Agency mortgage-backed securities and related derivatives to hedge these investments; Residential credit, which invests primarily in non-Agency mortgage-backed assets within securitized products and residential mortgage loan markets; Commercial real estate, which originates and invests in commercial mortgage loans, securities, and other commercial real estate investments, and Middle market, which provides customized debt financing to middle-market businesses.
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