Brevan Howard Capital Management LP Raises Stock Position in Annaly Capital Management Inc $NLY

Brevan Howard Capital Management LP raised its position in Annaly Capital Management Inc (NYSE:NLY) by 105.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 275,484 shares of the real estate investment trust’s stock after acquiring an additional 141,384 shares during the period. Brevan Howard Capital Management LP’s holdings in Annaly Capital Management were worth $5,568,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in NLY. AQR Capital Management LLC raised its position in shares of Annaly Capital Management by 111.8% during the 1st quarter. AQR Capital Management LLC now owns 56,803 shares of the real estate investment trust’s stock valued at $1,154,000 after buying an additional 29,978 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in Annaly Capital Management by 39.4% in the first quarter. Integrated Wealth Concepts LLC now owns 14,874 shares of the real estate investment trust’s stock valued at $302,000 after acquiring an additional 4,205 shares during the last quarter. Millennium Management LLC grew its position in Annaly Capital Management by 17.4% in the first quarter. Millennium Management LLC now owns 541,733 shares of the real estate investment trust’s stock worth $11,003,000 after acquiring an additional 80,481 shares during the period. NewEdge Advisors LLC increased its stake in Annaly Capital Management by 20.8% during the first quarter. NewEdge Advisors LLC now owns 17,845 shares of the real estate investment trust’s stock worth $362,000 after acquiring an additional 3,074 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Annaly Capital Management by 833.6% during the first quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust’s stock worth $59,318,000 after acquiring an additional 2,607,784 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on NLY. Royal Bank Of Canada lifted their target price on Annaly Capital Management from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Argus upgraded Annaly Capital Management to a “strong-buy” rating in a report on Thursday, February 5th. JonesTrading raised their price objective on Annaly Capital Management from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Barclays set a $24.00 price objective on shares of Annaly Capital Management and gave the company an “equal weight” rating in a report on Friday, January 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Annaly Capital Management in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $24.11.

Insider Transactions at Annaly Capital Management

In related news, COO Steven Francis Campbell sold 28,225 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $23.12, for a total transaction of $652,562.00. Following the completion of the transaction, the chief operating officer directly owned 204,491 shares in the company, valued at $4,727,831.92. This trade represents a 12.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Serena Wolfe sold 16,536 shares of Annaly Capital Management stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $23.14, for a total value of $382,643.04. Following the completion of the transaction, the chief financial officer directly owned 173,081 shares of the company’s stock, valued at approximately $4,005,094.34. This represents a 8.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 71,252 shares of company stock valued at $1,639,995 over the last 90 days. 0.22% of the stock is currently owned by company insiders.

Annaly Capital Management Stock Down 0.7%

Shares of NYSE NLY opened at $21.85 on Monday. The firm has a market cap of $15.69 billion, a price-to-earnings ratio of 7.86, a PEG ratio of 6.72 and a beta of 1.24. Annaly Capital Management Inc has a 52-week low of $16.59 and a 52-week high of $24.52. The business’s 50 day moving average is $23.14 and its two-hundred day moving average is $22.23.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Wednesday, January 28th. The real estate investment trust reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. Annaly Capital Management had a return on equity of 15.80% and a net margin of 34.02%.The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $567.67 million. Analysts anticipate that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.80 annualized dividend and a yield of 12.8%. Annaly Capital Management’s dividend payout ratio is presently 100.72%.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.