Annaly Capital Management (NLY) : Retirement Design Management Inc Adv reduced its stake in Annaly Capital Management by 2.61% during the most recent quarter end. The investment management company now holds a total of 129,382 shares of Annaly Capital Management which is valued at $1.4 Million after selling 3,466 shares in Annaly Capital Management , the firm said in a disclosure report filed with the SEC on May 12, 2016.Annaly Capital Management makes up approximately 1.03% of Retirement Design Management Inc Adv’s portfolio.
Other Hedge Funds, Including , Edmond De Rothschild Holding S.a. boosted its stake in NLY in the latest quarter, The investment management firm added 1,390 additional shares and now holds a total of 2,330 shares of Annaly Capital Management which is valued at $25,747.Amalgamated Bank boosted its stake in NLY in the latest quarter, The investment management firm added 9,041 additional shares and now holds a total of 27,601 shares of Annaly Capital Management which is valued at $304,991. Annaly Capital Management makes up approx 0.03% of Amalgamated Bank’s portfolio.Blackrock Group Ltd reduced its stake in NLY by selling 126,856 shares or 1.58% in the most recent quarter. The Hedge Fund company now holds 7,897,081 shares of NLY which is valued at $87.3 Million. Annaly Capital Management makes up approx 0.05% of Blackrock Group Ltd’s portfolio.Russell Frank Co boosted its stake in NLY in the latest quarter, The investment management firm added 1,179,131 additional shares and now holds a total of 1,611,688 shares of Annaly Capital Management which is valued at $16.8 Million. Annaly Capital Management makes up approx 0.03% of Russell Frank Co’s portfolio.
Annaly Capital Management opened for trading at $10.84 and hit $10.93 on the upside on Friday, eventually ending the session at $10.92, with a gain of 1.02% or 0.11 points. The heightened volatility saw the trading volume jump to 68,16,161 shares. Company has a market cap of $10,100 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 Companys 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.