Annaly Capital Management, Inc. (NYSE:NLY) Shares Sold by Panagora Asset Management Inc.

Panagora Asset Management Inc. lowered its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 27.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,285 shares of the real estate investment trust’s stock after selling 4,230 shares during the period. Panagora Asset Management Inc.’s holdings in Annaly Capital Management were worth $215,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NLY. Core Wealth Advisors Inc. boosted its stake in shares of Annaly Capital Management by 222.2% during the 4th quarter. Core Wealth Advisors Inc. now owns 1,450 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 1,000 shares during the last quarter. Rise Advisors LLC purchased a new stake in Annaly Capital Management in the 1st quarter worth approximately $29,000. First United Bank & Trust acquired a new position in Annaly Capital Management in the 4th quarter valued at $33,000. Register Financial Advisors LLC purchased a new position in shares of Annaly Capital Management during the 1st quarter worth $37,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Annaly Capital Management by 107.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,077 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 1,076 shares during the period. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Down 0.4 %

Annaly Capital Management stock opened at $20.01 on Thursday. The firm has a fifty day moving average of $19.83 and a 200-day moving average of $19.56. Annaly Capital Management, Inc. has a 52-week low of $14.52 and a 52-week high of $21.07. The firm has a market capitalization of $10.01 billion, a P/E ratio of -20.63 and a beta of 1.53.

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

Wall Street Analysts Forecast Growth

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

Insider Activity at Annaly Capital Management

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $20.05, for a total value of $1,002,500.00. Following the completion of the transaction, the chief executive officer now owns 612,469 shares in the company, valued at approximately $12,280,003.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.21% of the company’s stock.

Annaly Capital Management Company Profile

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.