Intellectus Partners LLC Increases Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

Intellectus Partners LLC boosted its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 4.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 37,000 shares of the real estate investment trust’s stock after buying an additional 1,700 shares during the quarter. Intellectus Partners LLC’s holdings in Annaly Capital Management were worth $701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC lifted its position in Annaly Capital Management by 0.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 18,099,719 shares of the real estate investment trust’s stock valued at $332,665,000 after acquiring an additional 109,655 shares during the last quarter. State Street Corp increased its stake in Annaly Capital Management by 1.3% in the third quarter. State Street Corp now owns 17,400,024 shares of the real estate investment trust’s stock valued at $360,296,000 after purchasing an additional 223,294 shares during the period. Geode Capital Management LLC increased its stake in Annaly Capital Management by 2.9% in the third quarter. Geode Capital Management LLC now owns 8,638,216 shares of the real estate investment trust’s stock valued at $172,988,000 after purchasing an additional 241,465 shares during the period. KBC Group NV increased its stake in Annaly Capital Management by 238.9% in the fourth quarter. KBC Group NV now owns 5,198,020 shares of the real estate investment trust’s stock valued at $95,124,000 after purchasing an additional 3,664,098 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Annaly Capital Management by 8.8% in the fourth quarter. Bank of New York Mellon Corp now owns 4,040,958 shares of the real estate investment trust’s stock valued at $73,950,000 after purchasing an additional 325,542 shares during the period. 51.56% of the stock is owned by hedge funds and other institutional investors.

Annaly Capital Management Stock Up 2.5 %

Shares of Annaly Capital Management stock opened at $21.85 on Friday. Annaly Capital Management, Inc. has a 52-week low of $17.67 and a 52-week high of $22.05. The company’s 50-day simple moving average is $20.14 and its 200-day simple moving average is $19.92. The firm has a market cap of $12.63 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 4.89 and a beta of 1.53.

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

Analyst Upgrades and Downgrades

NLY has been the topic of a number of recent research reports. Royal Bank of Canada restated an “outperform” rating and issued a $22.00 price objective on shares of Annaly Capital Management in a research note on Monday, February 10th. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Annaly Capital Management from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, Barclays assumed coverage on shares of Annaly Capital Management in a research note on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $21.44.

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.