Annaly Capital Management, Inc. (NYSE:NLY) Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC raised its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 59.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,173 shares of the real estate investment trust’s stock after buying an additional 8,997 shares during the period. Concurrent Investment Advisors LLC’s holdings in Annaly Capital Management were worth $461,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Core Wealth Advisors Inc. lifted its position in Annaly Capital Management by 222.2% during the fourth quarter. Core Wealth Advisors Inc. now owns 1,450 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 1,000 shares in the last quarter. Rise Advisors LLC purchased a new stake in shares of Annaly Capital Management during the first quarter valued at approximately $29,000. First United Bank & Trust purchased a new stake in shares of Annaly Capital Management during the fourth quarter valued at approximately $33,000. Register Financial Advisors LLC purchased a new stake in shares of Annaly Capital Management during the first quarter valued at approximately $37,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Annaly Capital Management by 107.5% during the first quarter. EverSource Wealth Advisors LLC now owns 2,077 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 1,076 shares during the period. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Trading Down 0.3 %

Shares of NYSE:NLY opened at $20.09 on Wednesday. The company has a fifty day simple moving average of $19.83 and a 200 day simple moving average of $19.55. The firm has a market cap of $10.05 billion, a PE ratio of -20.71 and a beta of 1.53. Annaly Capital Management, Inc. has a 12-month low of $14.52 and a 12-month high of $21.07.

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

Insider Buying and Selling at Annaly Capital Management

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 612,469 shares in the company, valued at $12,280,003.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.21% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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