Notable Runner: Is Buying Stock Like Annaly Capital Management, Inc. After Such Increase Winning Strategy?

Notable Runner: Is Buying Stock Like Annaly Capital Management, Inc. After Such Increase Winning Strategy?

The stock of Annaly Capital Management, Inc. (NYSE:NLY) is a huge mover today! About 2.75M shares traded hands. Annaly Capital Management, Inc. (NYSE:NLY) has declined 4.21% since April 11, 2016 and is downtrending. It has underperformed by 10.36% the S&P500.
The move comes after 7 months positive chart setup for the $10.06B company. It was reported on Nov, 11 by Barchart.com. We have $12.79 PT which if reached, will make NYSE:NLY worth $2.72B more.

Annaly Capital Management, Inc. (NYSE:NLY) Ratings Coverage

Out of 8 analysts covering Annaly Capital Management Inc (NYSE:NLY), 2 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 25% are positive. Annaly Capital Management Inc has been the topic of 18 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of Annaly Capital Management, Inc. (NYSE:NLY) earned “Hold” rating by Deutsche Bank on Thursday, February 25. The rating was downgraded by Compass Point to “Sell” on Wednesday, June 15. The firm earned “Buy” rating on Wednesday, August 12 by Nomura. Wells Fargo downgraded the stock to “Market Perform” rating in Friday, January 15 report. Deutsche Bank maintained the shares of NLY in a report on Friday, August 12 with “Hold” rating. Compass Point upgraded it to “Buy” rating and $11 target price in Thursday, August 13 report. The stock has “Hold” rating given by Deutsche Bank on Monday, August 10. The stock of Annaly Capital Management, Inc. (NYSE:NLY) earned “Neutral” rating by Compass Point on Monday, March 14. As per Friday, October 9, the company rating was upgraded by Bank of America. FBR Capital upgraded Annaly Capital Management, Inc. (NYSE:NLY) on Friday, October 9 to “Mkt Perform” rating.

According to Zacks Investment Research, “Annaly Capital Management, Inc. owns, manages, and finances a portfolio of real estate related investment securities, including mortgage pass-through certificates, collateralized mortgage obligations (or CMOs) and agency callable debentures. Annaly also manages other securities representing interests in or obligations backed by pools of mortgage loans. The Company wholly-owned subsidiaries offer diversified real estate, asset management and other financial services. Annaly’s principal business objective is to generate net income for distribution to investors from its Investment Securities and from dividends it receives from its subsidiaries. Annaly is a Maryland corporation that has elected to be taxed as a real estate investment trust (REIT).”

Insitutional Activity: The institutional sentiment decreased to 1.2 in 2016 Q2. Its down 0.14, from 1.34 in 2016Q1. The ratio fall, as 41 funds sold all Annaly Capital Management, Inc. shares owned while 137 reduced positions. 43 funds bought stakes while 170 increased positions. They now own 512.13 million shares or 1.12% more from 506.46 million shares in 2016Q1.
Highlander Capital Mngmt Ltd has invested 0.08% of its portfolio in Annaly Capital Management, Inc. (NYSE:NLY). Investors Capital Advisory Services holds 0.25% of its portfolio in Annaly Capital Management, Inc. (NYSE:NLY) for 117,837 shares. Wealthtrust Axiom Ltd accumulated 97,881 shares or 0.42% of the stock. Dumont And Blake Investment Limited Liability Corp accumulated 0.18% or 34,651 shares. Mycio Wealth Ptnrs Limited Liability Corp, a Pennsylvania-based fund reported 5,678 shares. Ameriprise Financial accumulated 402,986 shares or 0% of the stock. Putnam Investments Limited Liability Company owns 1.31 million shares or 0.04% of their US portfolio. D E Shaw And last reported 3.75 million shares in the company. Hartford Invest Management Company, a Connecticut-based fund reported 24,976 shares. Pnc Fin Ser Grp holds 0% or 224,316 shares in its portfolio. Sii Invests Wi reported 37,545 shares or 0.03% of all its holdings. Paloma Partners Management Commerce, a Connecticut-based fund reported 45,675 shares. Regent Inv Limited Liability Corp holds 0.17% or 28,347 shares in its portfolio. Finemark Bank & Trust has 0% invested in the company for 3,500 shares. Comerica Natl Bank, a Michigan-based fund reported 52,253 shares.

Insider Transactions: Since November 4, 2016, the stock had 1 buy, and 0 insider sales for $1.03 million net activity. On Friday, November 4 the insider Finkelstein David L bought $1.03 million.

More recent Annaly Capital Management, Inc. (NYSE:NLY) news were published by: Forbes.com which released: “Annaly Capital Management (NLY) Passes Through 10% Yield Mark” on September 28, 2016. Also Seekingalpha.com published the news titled: “Annaly Capital Management: The Good, The Bad, And The Ugly Facts Investors …” on November 10, 2016. Businesswire.com‘s news article titled: “Annaly Capital Management, Inc. Reports 3rd Quarter 2016 Results” with publication date: November 02, 2016 was also an interesting one.

NLY Company Profile

Annaly Capital Management, Inc. (Annaly), incorporated on November 25, 1996, is a mortgage real estate investment trust (REIT). The Firm owns a portfolio of real estate related investments. The Company’s principal business objectives are to generate net income for distribution to its stockholders from its investments and capital preservation. Annaly invests primarily in various types of Agency mortgage-backed securities and related derivatives to hedge these investments. The Company’s portfolio also includes residential credit investments, such as credit risk transfer securities and non-agency mortgage-backed securities. The Company’s business primarily consist of Annaly Commercial Real Estate Group, Inc. (ACREG), which is its subsidiary that specializes in originating or acquiring, financing and managing commercial loans and other commercial real estate debt, commercial mortgage-backed securities and other commercial real estate-related assets; Annaly Middle Market Lending LLC (MML), which is its subsidiary that engages in corporate middle market lending transactions, and RCap Securities, Inc. (RCap), which is its subsidiary that operates as a broker-dealer, and is a member of the Financial Industry Regulatory Authority (FINRA).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment