PFG Investments LLC Has $1.98 Million Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

PFG Investments LLC raised its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 17.5% in the second quarter, HoldingsChannel.com reports. The firm owned 103,929 shares of the real estate investment trust’s stock after purchasing an additional 15,515 shares during the quarter. PFG Investments LLC’s holdings in Annaly Capital Management were worth $1,981,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Annaly Capital Management in the 4th quarter valued at $110,244,000. Balyasny Asset Management L.P. raised its stake in Annaly Capital Management by 159.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 6,118,940 shares of the real estate investment trust’s stock worth $118,524,000 after buying an additional 3,762,652 shares during the last quarter. Algebris UK Ltd lifted its holdings in Annaly Capital Management by 195.9% in the first quarter. Algebris UK Ltd now owns 4,034,821 shares of the real estate investment trust’s stock valued at $87,532,000 after buying an additional 2,671,236 shares during the period. Vanguard Group Inc. boosted its position in Annaly Capital Management by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 49,300,019 shares of the real estate investment trust’s stock valued at $954,941,000 after acquiring an additional 1,619,729 shares during the last quarter. Finally, KBC Group NV grew its holdings in Annaly Capital Management by 298.1% during the 4th quarter. KBC Group NV now owns 1,256,864 shares of the real estate investment trust’s stock worth $24,345,000 after acquiring an additional 941,126 shares during the period. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Stock Up 0.3 %

Shares of NYSE:NLY opened at $20.24 on Tuesday. Annaly Capital Management, Inc. has a twelve month low of $14.52 and a twelve month high of $21.07. The stock’s 50 day moving average is $19.89 and its 200-day moving average is $19.60. The firm has a market capitalization of $10.14 billion, a price-to-earnings ratio of -20.87 and a beta of 1.52.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.02. Annaly Capital Management had a negative net margin of 12.02% and a positive return on equity of 15.24%. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $318.00 million. During the same quarter in the prior year, the company posted $0.72 earnings per share. Equities research analysts anticipate that Annaly Capital Management, Inc. will post 2.67 earnings per share for the current fiscal year.

Insider Transactions at Annaly Capital Management

In related news, CEO David L. Finkelstein sold 50,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $20.05, for a total value of $1,002,500.00. Following the transaction, the chief executive officer now owns 612,469 shares of the company’s stock, valued at approximately $12,280,003.45. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.21% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NLY. Compass Point boosted their price objective on Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a research note on Friday, July 26th. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. JPMorgan Chase & Co. raised their price objective on shares of Annaly Capital Management from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Janney Montgomery Scott initiated coverage on shares of Annaly Capital Management in a research note on Thursday, June 6th. They issued a “buy” rating and a $21.00 price objective for the company. Finally, StockNews.com lowered shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $21.14.

About Annaly Capital Management

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.