Northwestern Mutual Wealth Management Co. lifted its position in shares of ANNALY CAP MGMT/SH (NYSE:NLY) by 1,359.1% during the first quarter, HoldingsChannel.com reports. The firm owned 394,200 shares of the real estate investment trust’s stock after purchasing an additional 367,183 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in ANNALY CAP MGMT/SH were worth $3,938,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of NLY. BlackRock Inc. raised its position in ANNALY CAP MGMT/SH by 9.3% in the 1st quarter. BlackRock Inc. now owns 131,310,432 shares of the real estate investment trust’s stock valued at $1,311,790,000 after buying an additional 11,181,594 shares during the last quarter. Vanguard Group Inc raised its position in ANNALY CAP MGMT/SH by 11.9% in the 3rd quarter. Vanguard Group Inc now owns 110,696,881 shares of the real estate investment trust’s stock valued at $1,132,428,000 after buying an additional 11,751,750 shares during the last quarter. FMR LLC raised its position in ANNALY CAP MGMT/SH by 3.6% in the 4th quarter. FMR LLC now owns 34,529,873 shares of the real estate investment trust’s stock valued at $339,083,000 after buying an additional 1,191,260 shares during the last quarter. State Treasurer State of Michigan raised its position in ANNALY CAP MGMT/SH by 1.9% in the 1st quarter. State Treasurer State of Michigan now owns 28,107,190 shares of the real estate investment trust’s stock valued at $280,791,000 after buying an additional 524,915 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in ANNALY CAP MGMT/SH by 134.6% in the 1st quarter. Wells Fargo & Company MN now owns 25,312,341 shares of the real estate investment trust’s stock valued at $252,870,000 after buying an additional 14,521,988 shares during the last quarter. 57.25% of the stock is currently owned by institutional investors.

A number of equities research analysts recently commented on NLY shares. Zacks Investment Research lowered ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a research report on Friday, February 8th. ValuEngine raised ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. Nomura started coverage on ANNALY CAP MGMT/SH in a research report on Wednesday, March 27th. They issued a “buy” rating and a $11.00 price target for the company. Barclays reissued a “buy” rating and issued a $11.00 price target on shares of ANNALY CAP MGMT/SH in a research report on Thursday, February 21st. Finally, TheStreet lowered ANNALY CAP MGMT/SH from a “b-” rating to a “c” rating in a research report on Friday, February 15th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $11.00.

Shares of NYSE:NLY opened at $8.81 on Friday. The firm has a market capitalization of $13.00 billion, a price-to-earnings ratio of 7.34 and a beta of 0.24. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.26. ANNALY CAP MGMT/SH has a 1 year low of $8.74 and a 1 year high of $10.78.

ANNALY CAP MGMT/SH (NYSE:NLY) last announced its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. The firm had revenue of $218.49 million during the quarter, compared to the consensus estimate of $435.12 million. ANNALY CAP MGMT/SH had a positive return on equity of 12.34% and a negative net margin of 77.68%. The business’s revenue for the quarter was down 57.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.30 EPS. On average, equities analysts forecast that ANNALY CAP MGMT/SH will post 1.06 EPS for the current fiscal year.

In other ANNALY CAP MGMT/SH news, Director Thomas Edward Hamilton acquired 30,000 shares of ANNALY CAP MGMT/SH stock in a transaction on Friday, May 17th. The stock was purchased at an average price of $9.47 per share, for a total transaction of $284,100.00. Following the purchase, the director now directly owns 130,000 shares of the company’s stock, valued at $1,231,100. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Kevin Keyes acquired 300,000 shares of ANNALY CAP MGMT/SH stock in a transaction on Monday, May 6th. The stock was acquired at an average price of $9.62 per share, with a total value of $2,886,000.00. Following the purchase, the chief executive officer now directly owns 1,284,779 shares in the company, valued at $12,359,573.98. The disclosure for this purchase can be found here. Insiders acquired a total of 480,000 shares of company stock valued at $4,604,100 in the last 90 days. Corporate insiders own 0.34% of the company’s stock.

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ANNALY CAP MGMT/SH Profile

Annaly Capital Management, Inc, a diversified capital manager, invests in and finances residential and commercial assets. The company invests in various types of agency mortgage-backed securities, non-agency residential mortgage assets, and residential mortgage loans; and originates and invests in commercial mortgage loans, securities, and other commercial real estate investments.

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Institutional Ownership by Quarter for ANNALY CAP MGMT/SH (NYSE:NLY)

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