American International Group Inc. lifted its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 146.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,219 shares of the real estate investment trust’s stock after purchasing an additional 23,924 shares during the period. American International Group Inc.’s holdings in Annaly Capital Management were worth $478,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. purchased a new stake in shares of Annaly Capital Management during the third quarter worth about $100,000. Barrett Asset Management LLC acquired a new position in Annaly Capital Management during the fourth quarter worth about $107,000. Wellington Shields Capital Management LLC acquired a new position in Annaly Capital Management during the third quarter worth about $122,000. Staley Capital Advisers Inc. acquired a new position in Annaly Capital Management during the third quarter worth about $126,000. Finally, Garrison Bradford & Associates Inc. acquired a new position in Annaly Capital Management during the fourth quarter worth about $125,000. 59.08% of the stock is owned by institutional investors and hedge funds.
Annaly Capital Management, Inc. (NYSE NLY) opened at $10.34 on Monday. The firm has a market cap of $11,990.00, a PE ratio of 7.77, a P/E/G ratio of 7.24 and a beta of 0.10. Annaly Capital Management, Inc. has a 52-week low of $10.00 and a 52-week high of $12.73. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.03 and a current ratio of 0.03.
NLY has been the topic of a number of recent research reports. Bank of America upgraded shares of Annaly Capital Management from an “underperform” rating to a “neutral” rating in a research report on Thursday, February 1st. Compass Point upgraded shares of Annaly Capital Management from a “sell” rating to a “neutral” rating in a research report on Tuesday, February 13th. Zacks Investment Research lowered shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Keefe, Bruyette & Woods restated a “hold” rating on shares of Annaly Capital Management in a research report on Friday, February 16th. Five analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $12.21.
In other news, insider Anthony C. Green bought 23,250 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were bought at an average cost of $10.42 per share, for a total transaction of $242,265.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.43% of the company’s stock.
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Annaly Capital Management Company Profile
Annaly Capital Management, Inc is a mortgage real estate investment trust (REIT). The Company owns a portfolio of real estate related investments. Its investment groups primarily consist of Agency, which invests primarily in various types of Agency mortgage-backed securities and related derivatives to hedge these investments; Residential credit, which invests primarily in non-Agency mortgage-backed assets within securitized products and residential mortgage loan markets; Commercial real estate, which originates and invests in commercial mortgage loans, securities, and other commercial real estate investments, and Middle market, which provides customized debt financing to middle-market businesses.
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