Voya Investment Management LLC Increases Stock Position in 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 grew its position in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 283.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 261,016 shares of the real estate investment trust's stock after acquiring an additional 192,858 shares during the period. Voya Investment Management LLC's holdings in Annaly Capital Management were worth $5,301,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Inlight Wealth Management LLC bought a new position in Annaly Capital Management during the 1st quarter valued at approximately $25,000. Financial Gravity Asset Management Inc. purchased a new position in shares of Annaly Capital Management during the first quarter valued at approximately $28,000. Twin Tree Management LP bought a new position in shares of Annaly Capital Management during the first quarter valued at approximately $29,000. Smallwood Wealth Investment Management LLC purchased a new stake in Annaly Capital Management in the first quarter worth $36,000. Finally, MCF Advisors LLC boosted its holdings in 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 valued at $37,000 after acquiring an additional 1,598 shares in the last quarter. 51.56% of the stock is owned by institutional investors.

Annaly Capital Management Stock Down 2.2%

Shares of NYSE NLY traded down $0.47 during trading on Monday, reaching $20.88. The company had a trading volume of 10,991,799 shares, compared to its average volume of 7,628,768. Annaly Capital Management Inc has a 12-month low of $16.59 and a 12-month high of $22.45. 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 business's 50-day moving average is $20.96 and its 200 day moving average is $19.97. The stock has a market cap of $13.41 billion, a PE ratio of 20.68, a P/E/G ratio of 5.06 and a beta of 1.24.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $273.20 million during the quarter, compared to analyst estimates of $237.00 million. As a group, equities 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 company 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 $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 13.4%. The ex-dividend date is Tuesday, September 30th. Annaly Capital Management's payout ratio is presently 277.23%.

Wall Street Analysts Forecast Growth

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

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.