Mount Lucas Management LP Has $4.84 Million Stake in Annaly Capital Management, Inc. (NYSE:NLY)

Mount Lucas Management LP grew its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 0.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 254,000 shares of the real estate investment trust’s stock after buying an additional 1,035 shares during the quarter. Annaly Capital Management makes up about 1.4% of Mount Lucas Management LP’s investment portfolio, making the stock its 15th largest holding. Mount Lucas Management LP’s holdings in Annaly Capital Management were worth $4,841,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in NLY. Core Wealth Advisors Inc. lifted its holdings in shares of Annaly Capital Management by 222.2% during the 4th quarter. Core Wealth Advisors Inc. now owns 1,450 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 1,000 shares during the last quarter. Rise Advisors LLC acquired a new stake in shares of Annaly Capital Management during the 1st quarter valued at about $29,000. First United Bank & Trust acquired a new stake in shares of Annaly Capital Management during the 4th quarter valued at about $33,000. Register Financial Advisors LLC acquired a new stake in shares of Annaly Capital Management during the 1st quarter valued at about $37,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Annaly Capital Management by 107.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,077 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 1,076 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on NLY shares. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. JPMorgan Chase & Co. boosted their target price on Annaly Capital Management from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. StockNews.com lowered Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Janney Montgomery Scott started coverage on Annaly Capital Management in a report on Thursday, June 6th. They issued a “buy” rating and a $21.00 target price for the company. Finally, Compass Point boosted their target price on Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a report on Friday, July 26th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.14.

Annaly Capital Management Stock Up 0.1 %

Shares of NLY stock traded up $0.03 during trading hours on Friday, reaching $20.17. 6,412,255 shares of the company’s stock were exchanged, compared to its average volume of 3,672,901. Annaly Capital Management, Inc. has a fifty-two week low of $14.52 and a fifty-two week high of $21.07. The stock has a market capitalization of $10.09 billion, a P/E ratio of -20.79 and a beta of 1.52. The business has a fifty day moving average price of $19.86 and a 200-day moving average price of $19.58.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.02. Annaly Capital Management had a positive return on equity of 15.24% and a negative net margin of 12.02%. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $318.00 million. During the same period in the previous year, the company earned $0.72 earnings per share. As a group, research analysts expect that Annaly Capital Management, Inc. will post 2.67 EPS for the current fiscal year.

Insider Transactions at Annaly Capital Management

In other news, CEO David L. Finkelstein sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $20.05, for a total transaction of $1,002,500.00. Following the sale, the chief executive officer now directly owns 612,469 shares in the company, valued at $12,280,003.45. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.21% of the company’s stock.

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.