Apriem Advisors Raises Stake in Annaly Capital Management Inc (NLY)

Apriem Advisors lifted its holdings in shares of Annaly Capital Management Inc (NYSE:NLY) by 41.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 210,120 shares of the real estate investment trust’s stock after purchasing an additional 61,200 shares during the quarter. Apriem Advisors’ holdings in Annaly Capital Management were worth $2,561,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Balentine LLC acquired a new stake in shares of Annaly Capital Management during the second quarter worth about $114,000. Advisory Services Network LLC lifted its position in shares of Annaly Capital Management by 9.0% during the second quarter. Advisory Services Network LLC now owns 9,757 shares of the real estate investment trust’s stock worth $118,000 after purchasing an additional 806 shares in the last quarter. Wellington Shields Capital Management LLC acquired a new stake in shares of Annaly Capital Management during the third quarter worth about $122,000. Signet Financial Management LLC acquired a new stake in shares of Annaly Capital Management during the second quarter worth about $126,000. Finally, Staley Capital Advisers Inc. acquired a new stake in shares of Annaly Capital Management during the third quarter worth about $126,000. 54.45% of the stock is currently owned by institutional investors and hedge funds.

NLY has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research note on Friday, October 6th. ValuEngine lowered shares of Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 26th. Two analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $11.77.

In related news, CFO Glenn Votek purchased 25,000 shares of the company’s stock in a transaction on Friday, December 1st. The shares were bought at an average cost of $11.73 per share, for a total transaction of $293,250.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kevin Keyes purchased 300,000 shares of the company’s stock in a transaction on Monday, November 6th. The stock was bought at an average price of $11.12 per share, for a total transaction of $3,336,000.00. The disclosure for this purchase can be found here. Insiders have purchased 334,800 shares of company stock worth $3,740,382 over the last 90 days. Insiders own 0.43% of the company’s stock.

Annaly Capital Management Inc (NYSE:NLY) traded down $0.02 during mid-day trading on Thursday, hitting $11.95. 7,629,000 shares of the company were exchanged, compared to its average volume of 8,503,839. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.03 and a quick ratio of 0.03. Annaly Capital Management Inc has a 12-month low of $9.83 and a 12-month high of $12.73. The stock has a market capitalization of $13,879.73, a price-to-earnings ratio of 9.89, a price-to-earnings-growth ratio of 2.29 and a beta of 0.22.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.01. Annaly Capital Management had a net margin of 104.56% and a return on equity of 11.59%. The firm had revenue of $353.61 million for the quarter, compared to analyst estimates of $361.67 million. During the same period in the prior year, the firm earned $0.29 earnings per share. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. sell-side analysts forecast that Annaly Capital Management Inc will post 1.2 earnings per share for the current fiscal year.

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Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a mortgage real estate investment trust (REIT). The Company owns a portfolio of real estate related investments. Its investment groups primarily consist of Agency, which invests primarily in various types of Agency mortgage-backed securities and related derivatives to hedge these investments; Residential credit, which invests primarily in non-Agency mortgage-backed assets within securitized products and residential mortgage loan markets; Commercial real estate, which originates and invests in commercial mortgage loans, securities, and other commercial real estate investments, and Middle market, which provides customized debt financing to middle-market businesses.

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Institutional Ownership by Quarter for Annaly Capital Management (NYSE:NLY)

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