Macquarie Group Ltd. trimmed its stake in Annaly Capital Management, Inc. (NYSE:NLY – Get Rating) by 73.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 66,300 shares of the real estate investment trust's stock after selling 186,900 shares during the quarter. Macquarie Group Ltd.'s holdings in Annaly Capital Management were worth $1,137,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Wipfli Financial Advisors LLC bought a new stake in Annaly Capital Management in the third quarter valued at $31,000. Larson Financial Group LLC lifted its stake in Annaly Capital Management by 1,817.0% in the third quarter. Larson Financial Group LLC now owns 1,917 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 1,817 shares during the last quarter. Assetmark Inc. bought a new stake in Annaly Capital Management in the third quarter valued at $34,000. Beaird Harris Wealth Management LLC bought a new stake in Annaly Capital Management in the third quarter valued at $41,000. Finally, CoreCap Advisors LLC bought a new stake in Annaly Capital Management in the second quarter valued at $26,000. 52.80% of the stock is currently owned by institutional investors.
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Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on NLY shares. Argus cut Annaly Capital Management from a "buy" rating to a "hold" rating in a research note on Tuesday, February 21st. They noted that the move was a valuation call. Jonestrading initiated coverage on shares of Annaly Capital Management in a research note on Monday, December 19th. They set a "buy" rating and a $22.50 price objective on the stock. StockNews.com cut shares of Annaly Capital Management from a "hold" rating to a "sell" rating in a research note on Thursday, February 9th. Barclays lifted their price objective on shares of Annaly Capital Management from $19.00 to $24.00 in a research note on Friday, January 6th. Finally, Royal Bank of Canada lifted their price objective on shares of Annaly Capital Management from $20.00 to $24.00 and gave the company an "outperform" rating in a research note on Friday, February 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $22.17.
Annaly Capital Management Price Performance
Shares of Annaly Capital Management stock opened at $18.40 on Friday. The company's 50-day moving average price is $21.85 and its two-hundred day moving average price is $21.36. The stock has a market cap of $9.08 billion, a PE ratio of 3.69 and a beta of 1.35. Annaly Capital Management, Inc. has a 52 week low of $15.11 and a 52 week high of $29.88. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 6.84.
Annaly Capital Management (NYSE:NLY – Get Rating) last issued its quarterly earnings results on Thursday, February 9th. The real estate investment trust reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.03. The firm had revenue of $135.09 million for the quarter, compared to analysts' expectations of $426.09 million. Annaly Capital Management had a return on equity of 19.23% and a net margin of 62.09%. Annaly Capital Management's revenue was down 62.6% on a year-over-year basis. During the same quarter last year, the business posted $1.12 EPS. As a group, sell-side analysts anticipate that Annaly Capital Management, Inc. will post 3.01 EPS for the current fiscal year.
About Annaly Capital Management
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Annaly Capital Management, Inc engages in the investment and financing of residential and commercial assets. It operates through the following investment groups: Agency, Residential Credit, and Mortgage Servicing Rights. The Agency group invests in agency mortgage-backed securities. The Residential Credit group involves non-agency residential mortgage assets within securitized products and whole loan markets.
Further Reading
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