Meiji Yasuda Life Insurance Co Purchases 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 position in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 14,488 shares of the real estate investment trust's stock, valued at approximately $294,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Annaly Capital Management by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 56,356,579 shares of the real estate investment trust's stock worth $1,144,602,000 after acquiring an additional 1,634,883 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Annaly Capital Management by 18.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,711,288 shares of the real estate investment trust's stock worth $86,217,000 after buying an additional 730,207 shares during the period. Bank of New York Mellon Corp increased its position in Annaly Capital Management by 1.6% during the first quarter. Bank of New York Mellon Corp now owns 4,105,471 shares of the real estate investment trust's stock worth $83,382,000 after buying an additional 64,513 shares during the period. Charles Schwab Investment Management Inc. increased its position in Annaly Capital Management by 5.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,808,767 shares of the real estate investment trust's stock worth $77,356,000 after buying an additional 196,489 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in Annaly Capital Management by 833.6% during the first quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust's stock worth $59,318,000 after buying an additional 2,607,784 shares during the period. Institutional investors and hedge funds own 51.56% of the company's stock.

Annaly Capital Management Stock Performance

Shares of NLY stock traded down $0.14 during midday trading on Friday, hitting $22.01. The company had a trading volume of 6,182,277 shares, compared to its average volume of 6,715,625. The company's 50 day simple moving average is $20.72 and its 200 day simple moving average is $19.97. Annaly Capital Management Inc has a 52-week low of $16.59 and a 52-week high of $22.45. The stock has a market cap of $14.13 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 5.21 and a beta of 1.24. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11.

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

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend 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

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