Schwab Charles Investment Management Inc. increased its holdings in shares of Annaly Capital Management Inc (NYSE:NLY) by 6.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,232,466 shares of the real estate investment trust’s stock after purchasing an additional 139,014 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.19% of Annaly Capital Management worth $27,214,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Capstone Asset Management Co. boosted its holdings in Annaly Capital Management by 1.2% in the second quarter. Capstone Asset Management Co. now owns 24,126 shares of the real estate investment trust’s stock worth $291,000 after acquiring an additional 280 shares in the last quarter. Sei Investments Co. boosted its holdings in Annaly Capital Management by 40.0% in the second quarter. Sei Investments Co. now owns 112,489 shares of the real estate investment trust’s stock worth $1,355,000 after acquiring an additional 32,144 shares in the last quarter. First Trust Advisors LP boosted its holdings in Annaly Capital Management by 47.7% in the second quarter. First Trust Advisors LP now owns 2,208,764 shares of the real estate investment trust’s stock worth $26,616,000 after acquiring an additional 713,286 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Annaly Capital Management by 7.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 179,234 shares of the real estate investment trust’s stock worth $2,206,000 after acquiring an additional 12,601 shares in the last quarter. Finally, Convergence Investment Partners LLC bought a new position in Annaly Capital Management in the second quarter worth approximately $914,000. 54.65% of the stock is owned by institutional investors and hedge funds.
Annaly Capital Management Inc (NYSE:NLY) traded up $0.11 during mid-day trading on Wednesday, hitting $12.17. The stock had a trading volume of 5,681,633 shares, compared to its average volume of 8,477,394. Annaly Capital Management Inc has a 52 week low of $9.83 and a 52 week high of $12.73. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $13,902.92, a price-to-earnings ratio of 9.91, a PEG ratio of 2.29 and a beta of 0.22.
Several research analysts have issued reports on NLY shares. ValuEngine upgraded Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Zacks Investment Research upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $11.77.
In other Annaly Capital Management news, CEO Kevin Keyes purchased 300,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was bought at an average cost of $11.12 per share, with a total value of $3,336,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Wellington Denahan purchased 125,280 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were acquired at an average cost of $11.97 per share, with a total value of $1,499,601.60. Following the completion of the transaction, the chairman now directly owns 1,798,414 shares of the company’s stock, valued at approximately $21,527,015.58. The disclosure for this purchase can be found here. Insiders bought 460,080 shares of company stock worth $5,239,984 in the last 90 days. Corporate insiders own 0.43% of the company’s stock.
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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