Strategic Income Management buys $4,478,565 stake in Annaly Capital Management (NLY)

Annaly Capital Management (NLY) : Strategic Income Management scooped up 24,300 additional shares in Annaly Capital Management during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 10, 2016. The investment management firm now holds a total of 405,300 shares of Annaly Capital Management which is valued at $4,478,565.Annaly Capital Management makes up approximately 32.95% of Strategic Income Management’s portfolio.

Other Hedge Funds, Including , Thompson Siegel Walmsley boosted its stake in NLY in the latest quarter, The investment management firm added 1,450,074 additional shares and now holds a total of 8,948,509 shares of Annaly Capital Management which is valued at $98,881,024. Annaly Capital Management makes up approx 1.64% of Thompson Siegel Walmsley’s portfolio.Allegis Investment Advisors reduced its stake in NLY by selling 4,022 shares or 6.89% in the most recent quarter. The Hedge Fund company now holds 54,319 shares of NLY which is valued at $600,225. Annaly Capital Management makes up approx 0.35% of Allegis Investment Advisors’s portfolio.Proshare Advisors reduced its stake in NLY by selling 91,288 shares or 24.78% in the most recent quarter. The Hedge Fund company now holds 277,124 shares of NLY which is valued at $3,006,795. Annaly Capital Management makes up approx 0.04% of Proshare Advisors’s portfolio.Taylor Frigon Capital Management reduced its stake in NLY by selling 609 shares or 0.77% in the most recent quarter. The Hedge Fund company now holds 78,905 shares of NLY which is valued at $822,190. Annaly Capital Management makes up approx 0.87% of Taylor Frigon Capital Management’s portfolio.

Annaly Capital Management opened for trading at $11.03 and hit $11.12 on the upside on Monday, eventually ending the session at $11.12, with a gain of 0.63% or 0.07 points. The heightened volatility saw the trading volume jump to 74,71,758 shares. Company has a market cap of $10,284 M.

On the company’s financial health, Annaly Capital Management reported $0.30 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $0.31.Analysts expectations of $ 289.33.During the same quarter in the previous year, the company posted $0.25 EPS.

Many Wall Street Analysts have commented on Annaly Capital Management. Annaly Capital Management was Downgraded by Compass Point to ” Neutral” on Mar 14, 2016. Shares were Reiterated by Deutsche Bank on Feb 25, 2016 to “Hold” and Lowered the Price Target to $ 10.50 from a previous price target of $10.75 .FBR Capital Upgraded Annaly Capital Management on Feb 23, 2016 to ” Outperform”, Price Target of the shares are set at $12.

Annaly Capital Management Inc. is a mortgage real estate investment trust (REIT). The Company uses its capital coupled with borrowed funds to invest in real estate related investments earning the spread between the yield on its assets and the cost of its borrowings. It owns a portfolio of real estate related investments including mortgage pass-through certificates collateralized mortgage obligations (CMOs) Agency callable debentures other securities representing interests in or obligations backed by pools of mortgage loans commercial real estate assets and corporate debt. The Company’s business operations consist of Annaly (the parent company) Annaly Commercial Real Estate Group Inc. (ACREG) RCap Securities Inc. Fixed Income Discount Advisory Company (FIDAC) Annaly Middle Market Lending LLC and Shannon Funding LLC.

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