United Services Automobile Association Acquires 1,795 Shares of Annaly Capital Management Inc $NLY

United Services Automobile Association raised its position in Annaly Capital Management Inc (NYSE:NLY) by 5.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,853 shares of the real estate investment trust’s stock after acquiring an additional 1,795 shares during the quarter. United Services Automobile Association’s holdings in Annaly Capital Management were worth $720,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Inlight Wealth Management LLC purchased a new position in shares of Annaly Capital Management in the first quarter valued at about $25,000. Financial Gravity Asset Management Inc. purchased a new position in shares of Annaly Capital Management in the first quarter valued at about $28,000. Twin Tree Management LP purchased a new position in shares of Annaly Capital Management in the first quarter valued at about $29,000. MCF Advisors LLC increased its position in shares of Annaly Capital Management by 1,087.1% in the first quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 1,598 shares during the period. Finally, Smallwood Wealth Investment Management LLC purchased a new position in shares of Annaly Capital Management in the first quarter valued at about $36,000. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Analyst Upgrades and Downgrades

NLY has been the topic of a number of analyst reports. Royal Bank Of Canada decreased their price objective on shares of Annaly Capital Management from $22.00 to $21.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 27th. Keefe, Bruyette & Woods boosted their price objective on shares of Annaly Capital Management from $20.50 to $21.50 and gave the company an “outperform” rating in a research report on Friday, July 25th. Zacks Research cut shares of Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Jones Trading reiterated a “buy” rating and set a $21.00 price target on shares of Annaly Capital Management in a research report on Thursday, July 24th. Finally, UBS Group boosted their price target on shares of Annaly Capital Management from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, September 3rd. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Annaly Capital Management has a consensus rating of “Moderate Buy” and a consensus price target of $20.83.

Annaly Capital Management Price Performance

Shares of NYSE NLY opened at $22.27 on Wednesday. Annaly Capital Management Inc has a 1 year low of $16.59 and a 1 year high of $22.36. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11. The company’s 50-day moving average is $20.56 and its 200 day moving average is $19.98. The stock has a market capitalization of $14.30 billion, a P/E ratio of 22.05, a P/E/G ratio of 5.25 and a beta of 1.24.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. The company had revenue of $273.20 million for the quarter, compared to analysts’ expectations of $237.00 million. Annaly Capital Management had a net margin of 13.76% and a return on equity of 15.53%. On average, sell-side 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, 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.