Russell Investments Group Ltd. Purchases 68,887 Shares of Annaly Capital Management Inc $NLY

Russell Investments Group Ltd. increased its holdings in shares of Annaly Capital Management Inc (NYSE:NLY) by 4.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,793,142 shares of the real estate investment trust’s stock after buying an additional 68,887 shares during the quarter. Russell Investments Group Ltd.’s holdings in Annaly Capital Management were worth $36,489,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Financial Gravity Companies Inc. acquired a new position in Annaly Capital Management in the second quarter valued at about $25,000. Delos Wealth Advisors LLC acquired a new stake in shares of Annaly Capital Management during the second quarter worth about $28,000. Evolution Wealth Management Inc. acquired a new stake in shares of Annaly Capital Management during the second quarter worth about $29,000. MCF Advisors LLC lifted its holdings in shares of Annaly Capital Management by 41.6% during the 3rd quarter. MCF Advisors LLC now owns 1,688 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 496 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Annaly Capital Management during the 2nd quarter valued at about $34,000. 51.56% of the stock is currently owned by institutional investors.

Insider Activity at Annaly Capital Management

In related news, COO Steven Francis Campbell sold 26,491 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $22.83, for a total transaction of $604,789.53. Following the transaction, the chief operating officer directly owned 178,000 shares of the company’s stock, valued at approximately $4,063,740. The trade was a 12.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Serena Wolfe sold 16,536 shares of the stock in a transaction on 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 sale, the chief financial officer owned 173,081 shares in the company, valued at approximately $4,005,094.34. This trade represents a 8.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 71,252 shares of company stock worth $1,639,995 in the last 90 days. Corporate insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NLY. Royal Bank Of Canada increased their target price on Annaly Capital Management from $23.00 to $25.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $25.00 price target (up from $23.00) on shares of Annaly Capital Management in a research note on Thursday, January 29th. BTIG Research upgraded shares of Annaly Capital Management from a “neutral” rating to a “buy” rating and set a $25.00 price target for the company in a report on Tuesday, January 6th. Argus raised shares of Annaly Capital Management to a “strong-buy” rating in a research report on Thursday, February 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Annaly Capital Management in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.11.

Annaly Capital Management Price Performance

Shares of NLY opened at $22.43 on Thursday. The company has a market cap of $16.12 billion, a PE ratio of 8.07, a price-to-earnings-growth ratio of 6.92 and a beta of 1.24. The firm has a 50-day moving average of $23.16 and a 200-day moving average of $22.21. Annaly Capital Management Inc has a one year low of $16.59 and a one year high of $24.52.

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

Annaly Capital Management 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.