PGGM Investments Acquires 32,329 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

PGGM Investments boosted its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 6.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 572,828 shares of the real estate investment trust’s stock after acquiring an additional 32,329 shares during the quarter. PGGM Investments owned 0.10% of Annaly Capital Management worth $10,483,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Annaly Capital Management by 4.7% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 112,339 shares of the real estate investment trust’s stock valued at $2,102,000 after purchasing an additional 5,038 shares in the last quarter. Swiss National Bank raised its position in Annaly Capital Management by 2.6% in the 4th quarter. Swiss National Bank now owns 1,520,400 shares of the real estate investment trust’s stock valued at $27,823,000 after buying an additional 38,700 shares during the last quarter. Securian Asset Management Inc. lifted its stake in Annaly Capital Management by 8.8% during the 4th quarter. Securian Asset Management Inc. now owns 42,376 shares of the real estate investment trust’s stock valued at $775,000 after acquiring an additional 3,417 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Annaly Capital Management by 23.2% during the 4th quarter. Farther Finance Advisors LLC now owns 5,387 shares of the real estate investment trust’s stock worth $99,000 after acquiring an additional 1,015 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in shares of Annaly Capital Management by 20.8% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NLY. Barclays started coverage on shares of Annaly Capital Management in a research report on Monday, January 6th. They set an “equal weight” rating and a $19.00 price target on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $22.00 target price on shares of Annaly Capital Management in a research report on Monday, February 10th. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lifted their price target on Annaly Capital Management from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Annaly Capital Management currently has an average rating of “Moderate Buy” and an average target price of $21.44.

Annaly Capital Management Trading Up 1.0 %

Annaly Capital Management stock opened at $21.18 on Thursday. The business’s 50 day simple moving average is $20.31 and its 200 day simple moving average is $19.94. Annaly Capital Management, Inc. has a 12 month low of $17.67 and a 12 month high of $22.11. The company has a market cap of $12.25 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 4.89 and a beta of 1.53.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results 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 return on equity of 14.95% and a net margin of 20.70%. As a group, equities research analysts forecast 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.