MML Investors Services LLC trimmed its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 23.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,593 shares of the real estate investment trust’s stock after selling 28,363 shares during the quarter. MML Investors Services LLC’s holdings in Annaly Capital Management were worth $1,077,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Salem Investment Counselors Inc. acquired a new stake in Annaly Capital Management in the third quarter valued at approximately $100,000. Barrett Asset Management LLC acquired a new stake in Annaly Capital Management in the fourth quarter valued at approximately $107,000. Wellington Shields Capital Management LLC acquired a new stake in Annaly Capital Management in the third quarter valued at approximately $122,000. Advisor Partners LLC acquired a new stake in Annaly Capital Management in the fourth quarter valued at approximately $122,000. Finally, Garrison Bradford & Associates Inc. acquired a new stake in Annaly Capital Management in the fourth quarter valued at approximately $125,000. 60.07% of the stock is currently owned by institutional investors.
Shares of Annaly Capital Management, Inc. (NLY) opened at $10.57 on Wednesday. Annaly Capital Management, Inc. has a one year low of $10.00 and a one year high of $12.73. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.23. The company has a market cap of $12,152.85, a price-to-earnings ratio of 8.59, a PEG ratio of 7.34 and a beta of 0.10.
In other Annaly Capital Management news, insider Anthony C. Green bought 23,250 shares of Annaly Capital Management stock in a transaction that occurred on Wednesday, February 21st. The stock was purchased at an average price of $10.42 per share, with a total value of $242,265.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.43% of the company’s stock.
Several equities research analysts have weighed in on the stock. Keefe, Bruyette & Woods restated a “hold” rating on shares of Annaly Capital Management in a research note on Friday, February 16th. Zacks Investment Research downgraded shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Compass Point upgraded shares of Annaly Capital Management from a “sell” rating to a “neutral” rating in a research note on Tuesday, February 13th. Finally, Bank of America upgraded shares of Annaly Capital Management from an “underperform” rating to a “neutral” rating in a research note on Thursday, February 1st. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $12.21.
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Annaly Capital Management Company Profile
Annaly Capital Management, Inc is a mortgage real estate investment trust (REIT). The Company owns a portfolio of real estate related investments. Its investment groups primarily consist of Agency, which invests primarily in various types of Agency mortgage-backed securities and related derivatives to hedge these investments; Residential credit, which invests primarily in non-Agency mortgage-backed assets within securitized products and residential mortgage loan markets; Commercial real estate, which originates and invests in commercial mortgage loans, securities, and other commercial real estate investments, and Middle market, which provides customized debt financing to middle-market businesses.
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