November 28, 2016 - By Hazel Jackson · 0 Comments
Annaly Capital Management Inc (NYSE:NLY) institutional sentiment increased to 1.57 in Q2 2016. Its up 0.37, from 1.2 in 2016Q1. The ratio is better, as 213 funds increased and started new holdings, while 178 reduced and sold their stock positions in Annaly Capital Management Inc. The funds in our partner’s database now hold: 512.13 million shares, up from 506.46 million shares in 2016Q1. Also, the number of funds holding Annaly Capital Management Inc in their top 10 holdings increased from 6 to 7 for an increase of 1. Sold All: 41 Reduced: 137 Increased: 170 New Position: 43.
Annaly Capital Management, Inc. is a mortgage real estate investment trust (REIT). The company has a market cap of $10.31 billion. The Company’s principal business objectives are to generate net income for distribution to its stockholders from its investments and capital preservation. It has a 86.97 P/E ratio. The Company’s portfolio also includes residential credit investments, such as credit risk transfer securities and non-agency mortgage-backed securities.
The stock increased 0.20% or $0.02 during the last trading session, hitting $10.1. About 200 shares traded hands. Annaly Capital Management, Inc. (NYSE:NLY) has declined 2.70% since April 25, 2016 and is downtrending. It has underperformed by 8.71% the S&P500.
Analysts await Annaly Capital Management, Inc. (NYSE:NLY) to report earnings on February, 22. They expect $0.30 earnings per share, down 3.23% or $0.01 from last year’s $0.31 per share. NLY’s profit will be $306.24 million for 8.42 P/E if the $0.30 EPS becomes a reality. After $0.29 actual earnings per share reported by Annaly Capital Management, Inc. for the previous quarter, Wall Street now forecasts 3.45% EPS growth.
According to Zacks Investment Research, “Annaly Capital Management, Inc. owns, manages, and finances a portfolio of real estate related investment securities, including mortgage pass-through certificates, collateralized mortgage obligations (or CMOs) and agency callable debentures. Annaly also manages other securities representing interests in or obligations backed by pools of mortgage loans. The Company wholly-owned subsidiaries offer diversified real estate, asset management and other financial services. Annaly’s principal business objective is to generate net income for distribution to investors from its Investment Securities and from dividends it receives from its subsidiaries. Annaly is a Maryland corporation that has elected to be taxed as a real estate investment trust (REIT).”
Strategic Income Management Llc holds 16.09% of its portfolio in Annaly Capital Management, Inc. for 405,300 shares. Penn Mutual Life Insurance Co owns 1.36 million shares or 10.85% of their US portfolio. Moreover, Guild Investment Management Inc. has 7.63% invested in the company for 371,290 shares. The Illinois-based New Vernon Investment Management Llc has invested 3.37% in the stock. West Family Investments Inc., a Illinois-based fund reported 1.36 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 2 buys, and 0 selling transactions for $1.33 million net activity.
Ratings analysis reveals 25% of Annaly Capital Management Inc’s analysts are positive. Out of 8 Wall Street analysts rating Annaly Capital Management Inc, 2 give it “Buy”, 1 “Sell” rating, while 5 recommend “Hold”. The lowest target is $9 while the high is $12. The stock’s average target of $10.81 is 7.03% above today’s ($10.1) share price. NLY was included in 18 notes of analysts from August 6, 2015. As per Sunday, August 16, the company rating was maintained by Wood. FBR Capital upgraded Annaly Capital Management, Inc. (NYSE:NLY) rating on Tuesday, February 23. FBR Capital has “Outperform” rating and $12 price target. The stock of Annaly Capital Management, Inc. (NYSE:NLY) earned “Neutral” rating by Bank of America on Friday, October 9. The rating was upgraded by FBR Capital on Friday, October 9 to “Mkt Perform”. The company was maintained on Monday, August 10 by Deutsche Bank. The firm has “Market Perform” rating by Wells Fargo given on Monday, January 18. The stock of Annaly Capital Management, Inc. (NYSE:NLY) has “Neutral” rating given on Monday, March 14 by Compass Point. Wood maintained the stock with “Market Perform” rating in Friday, August 14 report. Compass Point upgraded the stock to “Buy” rating in Thursday, August 13 report. The rating was maintained by Deutsche Bank with “Hold” on Thursday, February 25.
Annaly Capital Management, Inc. (Annaly), incorporated on November 25, 1996, is a mortgage real estate investment trust (REIT). The Firm owns a portfolio of real estate related investments. The Company’s principal business objectives are to generate net income for distribution to its stockholders from its investments and capital preservation. Annaly invests primarily in various types of Agency mortgage-backed securities and related derivatives to hedge these investments. The Company’s portfolio also includes residential credit investments, such as credit risk transfer securities and non-agency mortgage-backed securities. The Company’s business primarily consist of Annaly Commercial Real Estate Group, Inc. (ACREG), which is its subsidiary that specializes in originating or acquiring, financing and managing commercial loans and other commercial real estate debt, commercial mortgage-backed securities and other commercial real estate-related assets; Annaly Middle Market Lending LLC (MML), which is its subsidiary that engages in corporate middle market lending transactions, and RCap Securities, Inc. (RCap), which is its subsidiary that operates as a broker-dealer, and is a member of the Financial Industry Regulatory Authority (FINRA).
More important recent Annaly Capital Management, Inc. (NYSE:NLY) news were published by: Fool.com which released: “Better Buy: Annaly Capital Management, Inc. vs. American Capital Agency” on June 27, 2016, also Forbes.com published article titled: “Annaly Capital Management (NLY) Passes Through 10% Yield Mark”, Businesswire.com published: “Annaly Capital Management, Inc. Announces Executive Management Promotions” on November 07, 2016. More interesting news about Annaly Capital Management, Inc. (NYSE:NLY) was released by: Businesswire.com and their article: “Annaly Capital Management, Inc. Reports 3rd Quarter 2016 Results” with publication date: November 02, 2016.
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By Hazel Jackson