PFG Investments LLC Purchases 15,515 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

PFG Investments LLC boosted its position in Annaly Capital Management, Inc. (NYSE:NLY) by 17.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 103,929 shares of the real estate investment trust’s stock after purchasing an additional 15,515 shares during the quarter. PFG Investments LLC’s holdings in Annaly Capital Management were worth $1,981,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Annaly Capital Management by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 49,300,019 shares of the real estate investment trust’s stock worth $954,941,000 after buying an additional 1,619,729 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Annaly Capital Management by 1.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 17,449,356 shares of the real estate investment trust’s stock worth $343,578,000 after purchasing an additional 278,391 shares in the last quarter. Balyasny Asset Management L.P. boosted its holdings in Annaly Capital Management by 159.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 6,118,940 shares of the real estate investment trust’s stock valued at $118,524,000 after purchasing an additional 3,762,652 shares during the period. Norges Bank bought a new stake in Annaly Capital Management in the 4th quarter valued at about $110,244,000. Finally, Bank of New York Mellon Corp grew its position in shares of Annaly Capital Management by 1.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,092,118 shares of the real estate investment trust’s stock worth $77,996,000 after purchasing an additional 41,069 shares in the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Stock Performance

Shares of NLY opened at $20.24 on Tuesday. Annaly Capital Management, Inc. has a 52 week low of $14.52 and a 52 week high of $21.07. The stock has a market capitalization of $10.14 billion, a price-to-earnings ratio of -20.87 and a beta of 1.52. The stock has a fifty day moving average of $19.89 and a 200-day moving average of $19.60.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.02. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $318.00 million. Annaly Capital Management had a positive return on equity of 15.24% and a negative net margin of 12.02%. During the same period last year, the firm posted $0.72 earnings per share. As a group, equities analysts forecast that Annaly Capital Management, Inc. will post 2.67 EPS for the current year.

Insider Buying and Selling

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $20.05, for a total transaction of $1,002,500.00. Following the sale, the chief executive officer now directly owns 612,469 shares of the company’s stock, valued at approximately $12,280,003.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on NLY. Janney Montgomery Scott assumed coverage on Annaly Capital Management in a research note on Thursday, June 6th. They issued a “buy” rating and a $21.00 price target for the company. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. JPMorgan Chase & Co. increased their target price on Annaly Capital Management from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Compass Point raised their price target on Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, StockNews.com cut shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $21.14.

About Annaly Capital Management

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.