Annaly Capital Management, Inc. (NYSE:NLY) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP increased its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 9.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 537,125 shares of the real estate investment trust’s stock after acquiring an additional 48,555 shares during the quarter. Wellington Management Group LLP owned approximately 0.10% of Annaly Capital Management worth $10,780,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Annaly Capital Management by 531.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,981,081 shares of the real estate investment trust’s stock valued at $79,900,000 after purchasing an additional 3,350,435 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Annaly Capital Management by 8.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 17,990,064 shares of the real estate investment trust’s stock valued at $361,061,000 after buying an additional 1,342,056 shares during the period. International Assets Investment Management LLC lifted its holdings in Annaly Capital Management by 2,254.2% in the third quarter. International Assets Investment Management LLC now owns 449,706 shares of the real estate investment trust’s stock valued at $90,260,000 after acquiring an additional 430,604 shares during the last quarter. Clarity Financial LLC acquired a new position in Annaly Capital Management in the third quarter valued at approximately $6,687,000. Finally, Van ECK Associates Corp grew its position in Annaly Capital Management by 19.2% in the third quarter. Van ECK Associates Corp now owns 1,912,803 shares of the real estate investment trust’s stock worth $37,395,000 after acquiring an additional 308,618 shares during the period. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wells Fargo & Company upgraded Annaly Capital Management from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $19.00 to $23.00 in a research report on Friday, September 20th. Argus upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Thursday, October 31st. JPMorgan Chase & Co. lowered their target price on shares of Annaly Capital Management from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. Finally, JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research report on Wednesday, August 28th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.50.

Annaly Capital Management Price Performance

Shares of NYSE:NLY opened at $19.78 on Monday. The firm has a market capitalization of $11.09 billion, a PE ratio of -282.57 and a beta of 1.51. Annaly Capital Management, Inc. has a 1 year low of $17.67 and a 1 year high of $21.11. The firm’s 50-day moving average is $19.65 and its two-hundred day moving average is $19.85.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01). The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $212.00 million. Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. During the same period in the previous year, the company earned $0.66 earnings per share. Analysts expect that Annaly Capital Management, Inc. will post 2.65 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 13.14%. The ex-dividend date of this dividend is Tuesday, December 31st. Annaly Capital Management’s payout ratio is currently -3,714.29%.

Annaly Capital Management Company 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.