Annaly Capital Management Inc $NLY Position Raised by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its position in Annaly Capital Management Inc (NYSE:NLY) by 4.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,793,142 shares of the real estate investment trust’s stock after purchasing an additional 68,887 shares during the period. Russell Investments Group Ltd. owned approximately 0.26% of Annaly Capital Management worth $36,489,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NLY. ProShare Advisors LLC boosted its holdings in Annaly Capital Management by 1.8% during the third quarter. ProShare Advisors LLC now owns 27,309 shares of the real estate investment trust’s stock worth $552,000 after buying an additional 481 shares in the last quarter. MCF Advisors LLC lifted its stake in Annaly Capital Management by 41.6% during the third quarter. MCF Advisors LLC now owns 1,688 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 496 shares in the last quarter. Jupiter Wealth Management LLC boosted its holdings in shares of Annaly Capital Management by 3.4% in the second quarter. Jupiter Wealth Management LLC now owns 16,621 shares of the real estate investment trust’s stock worth $347,000 after buying an additional 551 shares during the period. Rafferty Asset Management LLC boosted its holdings in shares of Annaly Capital Management by 5.3% in the third quarter. Rafferty Asset Management LLC now owns 11,093 shares of the real estate investment trust’s stock worth $224,000 after buying an additional 555 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in shares of Annaly Capital Management by 8.9% in the third quarter. EverSource Wealth Advisors LLC now owns 6,813 shares of the real estate investment trust’s stock worth $138,000 after acquiring an additional 557 shares in the last quarter. 51.56% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Annaly Capital Management news, CFO Serena Wolfe sold 16,536 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $23.14, for a total value of $382,643.04. Following the sale, the chief financial officer directly owned 173,081 shares in the company, valued at $4,005,094.34. This represents a 8.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Steven Francis Campbell sold 28,225 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $23.12, for a total value of $652,562.00. Following the completion of the sale, the chief operating officer owned 204,491 shares in the company, valued at $4,727,831.92. This trade represents a 12.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 71,252 shares of company stock valued at $1,639,995. 0.22% of the stock is currently owned by insiders.

Annaly Capital Management Price Performance

NLY stock opened at $22.43 on Thursday. The stock has a market capitalization of $16.12 billion, a price-to-earnings ratio of 8.07, a price-to-earnings-growth ratio of 6.92 and a beta of 1.24. The company has a 50-day moving average of $23.16 and a two-hundred day moving average of $22.21. Annaly Capital Management Inc has a 52-week low of $16.59 and a 52-week high of $24.52.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Wednesday, January 28th. The real estate investment trust reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $567.67 million. Annaly Capital Management had a return on equity of 15.80% and a net margin of 34.02%. Equities analysts expect that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NLY. Argus upgraded shares of Annaly Capital Management to a “strong-buy” rating in a report on Thursday, February 5th. Wells Fargo & Company reiterated an “overweight” rating and set a $25.00 price objective (up from $23.00) on shares of Annaly Capital Management in a research report on Thursday, January 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Annaly Capital Management in a research note on Wednesday, January 21st. Royal Bank Of Canada increased their target price on Annaly Capital Management from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Finally, Keefe, Bruyette & Woods raised their target price on Annaly Capital Management from $23.25 to $25.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. One 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’s stock. According to data from MarketBeat, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.11.

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.