Keybank National Association OH Has $344,000 Position in Annaly Capital Management, Inc. (NYSE:NLY)

Keybank National Association OH lowered its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 9.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,813 shares of the real estate investment trust’s stock after selling 1,890 shares during the period. Keybank National Association OH’s holdings in Annaly Capital Management were worth $344,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC grew its holdings in Annaly Capital Management by 76.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,372 shares of the real estate investment trust’s stock worth $88,000 after acquiring an additional 1,891 shares during the period. Janney Montgomery Scott LLC lifted its position in Annaly Capital Management by 3.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 135,197 shares of the real estate investment trust’s stock valued at $2,713,000 after acquiring an additional 4,586 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Annaly Capital Management by 213.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 39,351 shares of the real estate investment trust’s stock valued at $790,000 after buying an additional 26,794 shares during the last quarter. Mesirow Financial Investment Management Inc. increased its stake in Annaly Capital Management by 37.8% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 36,637 shares of the real estate investment trust’s stock valued at $735,000 after buying an additional 10,045 shares during the last quarter. Finally, Sigma Planning Corp increased its stake in Annaly Capital Management by 3.0% in the 3rd quarter. Sigma Planning Corp now owns 27,124 shares of the real estate investment trust’s stock valued at $544,000 after buying an additional 784 shares during the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Stock Performance

Shares of NYSE NLY opened at $21.67 on Tuesday. Annaly Capital Management, Inc. has a 52-week low of $17.67 and a 52-week high of $22.11. The firm has a 50 day moving average price of $20.20 and a two-hundred day moving average price of $19.93. The stock has a market cap of $12.54 billion, a P/E ratio of 13.63, a price-to-earnings-growth ratio of 4.89 and a beta of 1.53.

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

Analyst Ratings Changes

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

About Annaly Capital Management

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.