Invesco Ltd. Buys 80,738 Shares of Annaly Capital Management Inc $NLY

Key Points

• Invesco Ltd. has increased its holdings in Annaly Capital Management by 3.4%, now owning 2,445,123 shares worth approximately $49.66 million.
• Multiple institutional investors, including Envestnet Asset Management and Guggenheim Capital, have also increased their positions in Annaly Capital Management, highlighting a trend of growing institutional interest.
• Annaly Capital Management recently reported quarterly earnings of $0.73 per share, exceeding analyst expectations and showing strong revenue performance with $273.20 million for the quarter.

Invesco Ltd. boosted its holdings in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 3.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,445,123 shares of the real estate investment trust's stock after acquiring an additional 80,738 shares during the quarter. Invesco Ltd. owned approximately 0.41% of Annaly Capital Management worth $49,660,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NLY. Inlight Wealth Management LLC bought a new position in Annaly Capital Management during the first quarter valued at approximately $25,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of Annaly Capital Management in the first quarter worth $28,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Annaly Capital Management in the first quarter worth $36,000. MCF Advisors LLC grew its stake in shares of Annaly Capital Management by 1,087.1% in the first quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 1,598 shares during the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of Annaly Capital Management in the fourth quarter worth $39,000. Institutional investors own 51.56% of the company's stock.

Annaly Capital Management Price Performance

NYSE:NLY traded down $0.3150 during mid-day trading on Thursday, reaching $20.5950. 3,810,820 shares of the company were exchanged, compared to its average volume of 7,715,082. Annaly Capital Management Inc has a 12 month low of $16.59 and a 12 month high of $22.11. The company has a fifty day moving average of $19.96 and a 200 day moving average of $19.95. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.21. The stock has a market cap of $13.22 billion, a PE ratio of 20.39, a PEG ratio of 4.92 and a beta of 1.20.

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

Annaly Capital Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were given a dividend of $0.70 per share. The ex-dividend date was Monday, June 30th. This represents a $2.80 dividend on an annualized basis and a yield of 13.6%. Annaly Capital Management's dividend payout ratio is presently 277.23%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on NLY shares. Keefe, Bruyette & Woods raised their price objective on shares of Annaly Capital Management from $20.50 to $21.50 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Zacks Research lowered shares of Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Jones Trading reissued a "buy" rating and issued a $21.00 price target on shares of Annaly Capital Management in a report on Thursday, July 24th. Royal Bank Of Canada lowered their price target on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a report on Tuesday, May 27th. Finally, UBS Group reissued a "neutral" rating and issued a $20.00 price target (up previously from $18.00) on shares of Annaly Capital Management in a report on Thursday, July 10th. Seven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $20.72.

Annaly Capital Management 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.