Sequoia Financial Advisors LLC Grows Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

Sequoia Financial Advisors LLC raised its position in Annaly Capital Management, Inc. (NYSE:NLY) by 20.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 238,637 shares of the real estate investment trust’s stock after purchasing an additional 41,089 shares during the period. Sequoia Financial Advisors LLC’s holdings in Annaly Capital Management were worth $4,367,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Proffitt & Goodson Inc. increased its position in Annaly Capital Management by 1.0% during the 4th quarter. Proffitt & Goodson Inc. now owns 53,040 shares of the real estate investment trust’s stock worth $971,000 after purchasing an additional 505 shares in the last quarter. LVZ Inc. grew its position in Annaly Capital Management by 2.7% in the fourth quarter. LVZ Inc. now owns 19,632 shares of the real estate investment trust’s stock valued at $359,000 after acquiring an additional 521 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Annaly Capital Management by 29.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 549 shares in the last quarter. Larson Financial Group LLC grew its position in Annaly Capital Management by 34.4% in the fourth quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 549 shares in the last quarter. Finally, Armstrong Advisory Group Inc. grew its position in Annaly Capital Management by 6.6% in the fourth quarter. Armstrong Advisory Group Inc. now owns 9,121 shares of the real estate investment trust’s stock valued at $167,000 after acquiring an additional 562 shares in the last quarter. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NLY. JPMorgan Chase & Co. increased 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 report on Friday, January 31st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $22.00 price objective on shares of Annaly Capital Management in a research report on Monday, February 10th. Barclays began coverage on shares of Annaly Capital Management in a research report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price objective for the company. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Annaly Capital Management presently has an average rating of “Moderate Buy” and a consensus price target of $21.44.

Annaly Capital Management Trading Down 0.3 %

Annaly Capital Management stock opened at $21.11 on Friday. The stock has a market cap of $12.21 billion, a P/E ratio of 13.27, a price-to-earnings-growth ratio of 4.89 and a beta of 1.53. The stock has a 50 day moving average of $20.31 and a 200-day moving average of $19.94. Annaly Capital Management, Inc. has a 52 week low of $17.67 and a 52 week high of $22.11.

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

Annaly Capital Management 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.