Jackson Hole Capital Partners LLC Has $1.76 Million Stock Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Jackson Hole Capital Partners LLC lowered its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 7.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,004 shares of the real estate investment trust’s stock after selling 7,771 shares during the period. Jackson Hole Capital Partners LLC’s holdings in Annaly Capital Management were worth $1,757,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC boosted its position in Annaly Capital Management by 209.9% in the third quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 850 shares in the last quarter. Assetmark Inc. acquired a new position in shares of Annaly Capital Management during the fourth quarter worth $31,000. Blue Trust Inc. lifted its holdings in shares of Annaly Capital Management by 78.5% during the fourth quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 717 shares during the period. Larson Financial Group LLC lifted its holdings in shares of Annaly Capital Management by 34.4% during the fourth quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 549 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Annaly Capital Management by 29.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 549 shares during the period. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Trading Up 2.5 %

NLY opened at $21.85 on Friday. Annaly Capital Management, Inc. has a 1-year low of $17.67 and a 1-year high of $22.05. The company has a market cap of $12.63 billion, a P/E ratio of 13.74, a price-to-earnings-growth ratio of 4.89 and a beta of 1.53. The company has a fifty day moving average price of $20.14 and a two-hundred day moving average price of $19.92.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating 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%. On average, research analysts forecast that Annaly Capital Management, Inc. will post 2.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NLY. Royal Bank of Canada reiterated an “outperform” rating and set a $22.00 price target on shares of Annaly Capital Management in a report on Monday, February 10th. Barclays started coverage on shares of Annaly Capital Management in a report on Monday, January 6th. They set an “equal weight” rating and a $19.00 price target on the stock. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Annaly Capital Management from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.