Rhumbline Advisers Has $27.86 Million Position in Annaly Capital Management, Inc. (NYSE:NLY)

Rhumbline Advisers cut its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 1.0% in the second quarter, Holdings Channel reports. The fund owned 1,461,592 shares of the real estate investment trust’s stock after selling 14,059 shares during the period. Rhumbline Advisers’ holdings in Annaly Capital Management were worth $27,858,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. lifted its holdings in Annaly Capital Management by 2.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 159,622 shares of the real estate investment trust’s stock valued at $3,092,000 after purchasing an additional 4,079 shares during the last quarter. Natixis raised its stake in shares of Annaly Capital Management by 16,140.0% in the first quarter. Natixis now owns 68,208 shares of the real estate investment trust’s stock valued at $1,343,000 after acquiring an additional 67,788 shares during the last quarter. Norges Bank bought a new position in shares of Annaly Capital Management in the fourth quarter valued at approximately $110,244,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Annaly Capital Management by 3.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,137,529 shares of the real estate investment trust’s stock worth $60,774,000 after acquiring an additional 116,102 shares in the last quarter. Finally, Cibc World Markets Corp bought a new stake in Annaly Capital Management during the 4th quarter worth approximately $3,496,000. Institutional investors and hedge funds own 51.56% of the company’s stock.

Analysts Set New Price Targets

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

Insider Transactions at Annaly Capital Management

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

Annaly Capital Management Stock Performance

Shares of NLY stock opened at $20.17 on Friday. The firm’s 50 day moving average price is $19.86 and its two-hundred day moving average price is $19.57. 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 cap of $10.09 billion, a PE ratio of -20.79 and a beta of 1.53.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.02. The business 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 company earned $0.72 EPS. As a group, sell-side analysts predict that Annaly Capital Management, Inc. will post 2.67 earnings per share for the current fiscal year.

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.