Annaly Capital Management (NLY) : Global X Management Co scooped up 258,061 additional shares in Annaly Capital Management during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 2,898,296 shares of Annaly Capital Management which is valued at $32,142,103.Annaly Capital Management makes up approximately 1.55% of Global X Management Co’s portfolio.
Other Hedge Funds, Including , Brown Advisory Inc reduced its stake in NLY by selling 3,670 shares or 21.79% in the most recent quarter. The Hedge Fund company now holds 13,176 shares of NLY which is valued at $145,858.Janney Montgomery Scott reduced its stake in NLY by selling 50,011 shares or 15.08% in the most recent quarter. The Hedge Fund company now holds 281,672 shares of NLY which is valued at $3,129,376. Annaly Capital Management makes up approx 0.05% of Janney Montgomery Scott’s portfolio.Cadence Capital Management reduced its stake in NLY by selling 18,344 shares or 28.5% in the most recent quarter. The Hedge Fund company now holds 46,024 shares of NLY which is valued at $505,804. Annaly Capital Management makes up approx 0.04% of Cadence Capital Management’s portfolio.Great West Life Assurance Co Can boosted its stake in NLY in the latest quarter, The investment management firm added 840,655 additional shares and now holds a total of 2,171,926 shares of Annaly Capital Management which is valued at $23,869,467. Annaly Capital Management makes up approx 0.07% of Great West Life Assurance Co Can’s portfolio.
Annaly Capital Management opened for trading at $10.84 and hit $10.87 on the upside on Wednesday, eventually ending the session at $10.85, with a gain of 0.18% or 0.02 points. The heightened volatility saw the trading volume jump to 93,27,140 shares. Company has a market cap of $10,802 M.
On the company’s financial health, Annaly Capital Management reported $0.29 EPS for the quarter, based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus estimate of $0.29.Analysts expectations of $ 279.54.During the same quarter in the previous year, the company posted $0.41 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.