Annaly Capital Management, Inc. (NYSE:NLY) Holdings Cut by Hollencrest Capital Management

Hollencrest Capital Management lowered its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 29.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,499 shares of the real estate investment trust’s stock after selling 3,559 shares during the period. Hollencrest Capital Management’s holdings in Annaly Capital Management were worth $156,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Sequoia Financial Advisors LLC lifted its holdings in Annaly Capital Management by 20.8% in the fourth quarter. Sequoia Financial Advisors LLC now owns 238,637 shares of the real estate investment trust’s stock worth $4,367,000 after acquiring an additional 41,089 shares during the last quarter. HighTower Advisors LLC lifted its holdings in Annaly Capital Management by 87.3% in the fourth quarter. HighTower Advisors LLC now owns 130,874 shares of the real estate investment trust’s stock worth $2,395,000 after acquiring an additional 60,995 shares during the last quarter. Vista Investment Partners II LLC bought a new position in Annaly Capital Management in the fourth quarter worth about $488,000. Independent Advisor Alliance lifted its holdings in Annaly Capital Management by 64.3% in the fourth quarter. Independent Advisor Alliance now owns 31,351 shares of the real estate investment trust’s stock worth $574,000 after acquiring an additional 12,267 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in Annaly Capital Management by 11.8% in the fourth quarter. Daiwa Securities Group Inc. now owns 41,813 shares of the real estate investment trust’s stock worth $765,000 after acquiring an additional 4,400 shares during the last quarter. Institutional investors own 51.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on NLY shares. Royal Bank of Canada restated an “outperform” rating and issued a $22.00 price target on shares of Annaly Capital Management in a research note on Monday, February 10th. JPMorgan Chase & Co. raised their price target 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. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Finally, Barclays started 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 target on the stock. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $21.44.

Annaly Capital Management Price Performance

NYSE NLY opened at $21.18 on Thursday. Annaly Capital Management, Inc. has a 12 month low of $17.67 and a 12 month high of $22.11. The firm has a market capitalization of $12.25 billion, a PE ratio of 13.32, a P/E/G ratio of 4.89 and a beta of 1.53. The company’s 50 day simple moving average is $20.31 and its 200 day simple moving average is $19.94.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. Sell-side analysts anticipate that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current fiscal year.

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.