Meiji Yasuda Life Insurance Co Acquires New Stake in Annaly Capital Management Inc $NLY

Key Points

• Meiji Yasuda Life Insurance Co has acquired 14,488 shares of Annaly Capital Management, valued at approximately $294,000, indicating an increased interest in the company among institutional investors.
• Analyst ratings for Annaly Capital Management show a consensus of "Moderate Buy" with a target price averaging around $20.83, highlighting confidence in the company's earning potential.
• For the most recent quarter, Annaly reported an EPS of $0.73, exceeding expectations and showcasing a potential for growth despite market volatility.

Meiji Yasuda Life Insurance Co bought a new stake in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 14,488 shares of the real estate investment trust's stock, valued at approximately $294,000.

Several other institutional investors and hedge funds have also bought and sold shares of NLY. Deutsche Bank AG increased its stake in Annaly Capital Management by 9.3% in the fourth quarter. Deutsche Bank AG now owns 1,096,163 shares of the real estate investment trust's stock valued at $20,060,000 after purchasing an additional 93,708 shares in the last quarter. Ethic Inc. increased its position in Annaly Capital Management by 2.9% in the 4th quarter. Ethic Inc. now owns 54,048 shares of the real estate investment trust's stock valued at $989,000 after buying an additional 1,544 shares in the last quarter. Ensign Peak Advisors Inc raised its stake in Annaly Capital Management by 6.4% during the 4th quarter. Ensign Peak Advisors Inc now owns 185,686 shares of the real estate investment trust's stock worth $3,398,000 after buying an additional 11,250 shares during the period. Focus Partners Wealth boosted its holdings in Annaly Capital Management by 68.4% in the fourth quarter. Focus Partners Wealth now owns 18,148 shares of the real estate investment trust's stock worth $333,000 after acquiring an additional 7,371 shares in the last quarter. Finally, Investment Management Corp of Ontario grew its stake in Annaly Capital Management by 556.9% in the fourth quarter. Investment Management Corp of Ontario now owns 109,310 shares of the real estate investment trust's stock valued at $2,000,000 after acquiring an additional 92,670 shares during the period. 51.56% of the stock is owned by institutional investors.

Annaly Capital Management Stock Performance

Shares of NLY traded down $0.14 on Friday, reaching $22.01. 6,182,277 shares of the company's stock traded hands, compared to its average volume of 7,693,532. The stock's 50 day simple moving average is $20.67 and its two-hundred day simple moving average is $20.00. The stock has a market cap of $14.13 billion, a PE ratio of 21.79, a PEG ratio of 5.24 and a beta of 1.24. Annaly Capital Management Inc has a 52-week low of $16.59 and a 52-week high of $22.45. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.21.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.01. The firm had revenue of $273.20 million during the quarter, compared to the consensus estimate of $237.00 million. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%. On average, analysts forecast that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 12.7%. The ex-dividend date is Tuesday, September 30th. Annaly Capital Management's dividend payout ratio (DPR) is 277.23%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Zacks Research lowered Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Jones Trading restated a "buy" rating and set a $21.00 price objective on shares of Annaly Capital Management in a report on Thursday, July 24th. Keefe, Bruyette & Woods lifted their price target on Annaly Capital Management from $20.50 to $21.50 and gave the company an "outperform" rating in a research note on Friday, July 25th. Royal Bank Of Canada lowered their price target on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a research report on Tuesday, May 27th. Finally, UBS Group lifted their price objective on shares of Annaly Capital Management from $20.00 to $21.00 and gave the stock a "neutral" rating in a report on Wednesday, September 3rd. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Annaly Capital Management currently has an average rating of "Moderate Buy" and a consensus target price of $20.83.

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.