Inceptionr LLC Buys New Position in Annaly Capital Management, Inc. (NYSE:NLY)

Inceptionr LLC purchased a new stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 130,157 shares of the real estate investment trust’s stock, valued at approximately $2,382,000. Annaly Capital Management comprises 0.5% of Inceptionr LLC’s investment portfolio, making the stock its 8th biggest holding.

Several other large investors have also added to or reduced their stakes in NLY. Avior Wealth Management LLC raised its holdings in Annaly Capital Management by 209.9% in the 3rd quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 850 shares during the period. Blue Trust Inc. increased its holdings in shares of Annaly Capital Management by 78.5% in the fourth quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 717 shares during the last quarter. Assetmark Inc. acquired a new stake in shares of Annaly Capital Management in the fourth quarter valued at approximately $31,000. Smartleaf Asset Management LLC grew its position in Annaly Capital Management by 29.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 549 shares during the period. Finally, UMB Bank n.a. grew its position in Annaly Capital Management by 65.7% in the fourth quarter. UMB Bank n.a. now owns 2,598 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 1,030 shares during the period. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Up 1.3 %

NLY opened at $21.69 on Thursday. The firm has a market cap of $12.55 billion, a price-to-earnings ratio of 13.64, a price-to-earnings-growth ratio of 4.89 and a beta of 1.53. Annaly Capital Management, Inc. has a fifty-two week low of $17.67 and a fifty-two week high of $22.05. The company’s 50-day moving average price is $19.99 and its 200 day moving average price is $19.89.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. Research analysts anticipate that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on NLY. JPMorgan Chase & Co. raised their price target on Annaly Capital Management from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Barclays initiated coverage on Annaly Capital Management in a research report on Monday, January 6th. They set an “equal weight” rating and a $19.00 target price on the stock. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $22.00 price target on shares of Annaly Capital Management in a report on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $21.44.

Annaly Capital Management Company Profile

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.