Arizona State Retirement System Has $2.86 Million Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

Arizona State Retirement System increased its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 9.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 156,325 shares of the real estate investment trust’s stock after purchasing an additional 12,950 shares during the quarter. Arizona State Retirement System’s holdings in Annaly Capital Management were worth $2,861,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Avior Wealth Management LLC lifted its stake in Annaly Capital Management by 209.9% in the third quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 850 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Annaly Capital Management by 78.5% in the 4th quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 717 shares during the period. Assetmark Inc. bought a new stake in shares of Annaly Capital Management in the 4th quarter valued at about $31,000. Smartleaf Asset Management LLC lifted its stake in Annaly Capital Management by 29.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 549 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in Annaly Capital Management by 65.7% during the fourth quarter. UMB Bank n.a. now owns 2,598 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 1,030 shares during the period. 51.56% of the stock is owned by institutional investors.

Annaly Capital Management Stock Performance

Shares of Annaly Capital Management stock opened at $21.85 on Monday. Annaly Capital Management, Inc. has a 52-week low of $17.67 and a 52-week high of $22.05. The stock has a market cap of $12.63 billion, a PE ratio of 13.74, a PEG ratio of 4.89 and a beta of 1.53. The firm has a 50-day moving average of $20.14 and a 200-day moving average of $19.92.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. Equities research analysts predict that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Annaly Capital Management Company 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.