Voya Investment Management LLC Purchases 192,858 Shares of Annaly Capital Management Inc $NLY

Key Points

• Voya Investment Management LLC increased its holdings in Annaly Capital Management Inc by 283.0%, owning 261,016 shares valued at approximately $5.30 million as of the latest reporting period.
• The company declared a quarterly dividend of $0.70 per share, resulting in an annualized dividend yield of 12.9% with a high dividend payout ratio of 277.23%.
• Annaly Capital Management reported earnings of $0.73 per share for the last quarter, exceeding analysts' expectations and posting a revenue of $273.20 million.

Voya Investment Management LLC boosted its holdings in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 283.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 261,016 shares of the real estate investment trust's stock after acquiring an additional 192,858 shares during the quarter. Voya Investment Management LLC's holdings in Annaly Capital Management were worth $5,301,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Annaly Capital Management by 3.0% in the first 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 acquiring an additional 1,634,883 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Annaly Capital Management by 18.3% in 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 valued at $86,217,000 after buying an additional 730,207 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of 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 valued at $83,382,000 after purchasing an additional 64,513 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of 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 valued at $77,356,000 after purchasing an additional 196,489 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of 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 valued at $59,318,000 after purchasing an additional 2,607,784 shares during the last quarter. Institutional investors own 51.56% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NLY. UBS Group lifted their price target on shares of Annaly Capital Management from $20.00 to $21.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 3rd. Royal Bank Of Canada upped their price target on shares of Annaly Capital Management from $21.00 to $23.00 and gave the company an "outperform" rating in a research report on Monday, September 15th. Jones Trading reaffirmed a "buy" rating and issued a $21.00 price objective on shares of Annaly Capital Management in a research note on Thursday, July 24th. Keefe, Bruyette & Woods increased their target price 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. Finally, Zacks Research lowered shares of Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $20.81.

Annaly Capital Management Price Performance

Shares of NLY stock traded down $0.31 during trading hours on Friday, hitting $21.39. 21,155,817 shares of the company's stock were exchanged, compared to its average volume of 6,988,778. The company has a market capitalization of $13.73 billion, a PE ratio of 21.18, a PEG ratio of 5.06 and a beta of 1.24. Annaly Capital Management Inc has a 12-month low of $16.59 and a 12-month high of $22.45. The business's 50 day simple moving average is $20.94 and its 200-day simple moving average is $19.99. 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 issued its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. The company had revenue of $273.20 million for the quarter, compared to the consensus estimate of $237.00 million. Annaly Capital Management had a net margin of 13.76% and a return on equity of 15.53%. On average, equities research analysts anticipate that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders 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 dividend yield of 13.1%. The ex-dividend date is Tuesday, September 30th. Annaly Capital Management's payout ratio is 277.23%.

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.