Hollencrest Capital Management Trims Stake in Annaly Capital Management, Inc. (NYSE:NLY)

Hollencrest Capital Management lowered its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 29.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,499 shares of the real estate investment trust’s stock after selling 3,559 shares during the quarter. Hollencrest Capital Management’s holdings in Annaly Capital Management were worth $156,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Stratos Wealth Advisors LLC raised its holdings in Annaly Capital Management by 93.1% in the 4th quarter. Stratos Wealth Advisors LLC now owns 275,559 shares of the real estate investment trust’s stock valued at $5,043,000 after acquiring an additional 132,891 shares during the last quarter. Wellington Management Group LLP raised its holdings in Annaly Capital Management by 9.9% in the 3rd quarter. Wellington Management Group LLP now owns 537,125 shares of the real estate investment trust’s stock valued at $10,780,000 after acquiring an additional 48,555 shares during the last quarter. Citigroup Inc. raised its holdings in Annaly Capital Management by 22.6% in the 3rd quarter. Citigroup Inc. now owns 652,255 shares of the real estate investment trust’s stock valued at $13,091,000 after acquiring an additional 120,163 shares during the last quarter. Howard Financial Services LTD. acquired a new position in Annaly Capital Management in the 4th quarter valued at $527,000. Finally, Tandem Financial LLC acquired a new position in Annaly Capital Management in the 4th quarter valued at $327,000. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Trading Up 1.0 %

Shares of 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 company has a market cap of $12.25 billion, a P/E ratio of 13.32, a P/E/G ratio of 4.89 and a beta of 1.53. The stock has a fifty day moving average price of $20.31 and a 200 day moving average price of $19.94.

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

Analysts Set New Price Targets

NLY has been the subject of several analyst reports. Barclays initiated coverage on Annaly Capital Management in a report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price target for the company. JPMorgan Chase & Co. upped their price objective on Annaly Capital Management from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Royal Bank of Canada restated an “outperform” rating and set a $22.00 price objective on shares of Annaly Capital Management in a report on Monday, February 10th. Finally, JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.44.

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.