Kempner Capital Management Lowers stake in Annaly Capital Management (NLY)

Annaly Capital Management (NLY) : Kempner Capital Management reduced its stake in Annaly Capital Management by 50.06% during the most recent quarter end. The investment management company now holds a total of 176,560 shares of Annaly Capital Management which is valued at $1,905,082 after selling 176,955 shares in Annaly Capital Management , the firm said in a disclosure report filed with the SEC on Jul 6, 2016.Annaly Capital Management makes up approximately 1.22% of Kempner Capital Management’s portfolio.

Other Hedge Funds, Including , Laurel Wealth Advisors boosted its stake in NLY in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 16,464 shares of Annaly Capital Management which is valued at $177,647. Annaly Capital Management makes up approx 0.09% of Laurel Wealth Advisors’s portfolio.

Annaly Capital Management opened for trading at $10.79 and hit $10.91 on the upside on Monday, eventually ending the session at $10.89, with a gain of 0.93% or 0.1 points. The heightened volatility saw the trading volume jump to 1,62,82,108 shares. Company has a market cap of $10,072 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. Compass Point Downgraded Annaly Capital Management on Jun 15, 2016 to ” Sell”, Price Target of the shares are set at $10.50.

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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