Annaly Capital Management (NLY) : Aviance Capital Management added new position in Annaly Capital Management during the most recent quarter end. The investment management firm now holds 2,204,542 shares of Annaly Capital Management which is valued at $24,007,462 , the company said in a statement filed on Jul 26, 2016 with the SEC.Annaly Capital Management makes up approximately 0.72% of Aviance Capital Management’s portfolio.
Other Hedge Funds, Including , Simplex Trading sold out all of its stake in NLY during the most recent quarter. The investment firm sold 4,261 shares of NLY which is valued $46,019.
Annaly Capital Management (NLY) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $10.99 and reached the intraday high at $11.06. The bulls started the profit booking and pushed the shares to intraday low of $10.89. The trading session was marked by a volume range of 93,48,004 shares exchanging hands. The 52-week high of the shares is $11.13 and the 52-week low is $8.25. The market cap of the company stands at $10,155 M and there are 92,48,62,680 shares in public circulation.
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 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.