Invesco Ltd. Grows Position in 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. raised its holdings in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 3.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,445,123 shares of the real estate investment trust's stock after purchasing an additional 80,738 shares during the quarter. Invesco Ltd. owned 0.41% of Annaly Capital Management worth $49,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Annaly Capital Management by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 56,356,579 shares of the real estate investment trust's stock valued at $1,144,602,000 after purchasing an additional 1,634,883 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Annaly Capital Management by 31.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 34,426,571 shares of the real estate investment trust's stock valued at $630,007,000 after purchasing an additional 8,272,674 shares during the period. Northern Trust Corp grew its stake in shares of Annaly Capital Management by 90.6% during the 4th quarter. Northern Trust Corp now owns 7,587,581 shares of the real estate investment trust's stock worth $138,853,000 after acquiring an additional 3,606,366 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Annaly Capital Management by 18.3% during the 4th 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 acquiring an additional 730,207 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Annaly Capital Management by 1.6% during the 1st 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 acquiring an additional 64,513 shares during the period. Institutional investors own 51.56% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Jones Trading reiterated a "buy" rating and set a $21.00 price target on shares of Annaly Capital Management in a research note on Thursday, July 24th. Keefe, Bruyette & Woods increased their price target on Annaly Capital Management from $20.50 to $21.50 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Royal Bank Of Canada cut their price target on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a research note on Tuesday, May 27th. Zacks Research downgraded Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Finally, UBS Group reiterated a "neutral" rating and set a $20.00 price target (up previously from $18.00) on shares of Annaly Capital Management in a research note on Thursday, July 10th. Seven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Annaly Capital Management currently has an average rating of "Moderate Buy" and a consensus target price of $20.72.

Annaly Capital Management Price Performance

NLY traded up $0.5850 during trading on Friday, reaching $21.1250. 2,701,437 shares of the company were exchanged, compared to its average volume of 7,693,083. The company's 50-day moving average is $19.98 and its two-hundred day moving average is $19.95. The company has a market cap of $13.56 billion, a price-to-earnings ratio of 20.93, a P/E/G ratio of 4.96 and a beta of 1.20. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.21. Annaly Capital Management Inc has a 12-month low of $16.59 and a 12-month high of $22.11.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.01. The business had revenue of $273.20 million for the quarter, compared to analysts' expectations of $237.00 million. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%. Research analysts forecast 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 disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.80 dividend on an annualized basis and a yield of 13.3%. Annaly Capital Management's dividend payout ratio is 277.23%.

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.