Wellington Management Group LLP Has $16.18 Million Stock Holdings in Annaly Capital Management Inc $NLY

Key Points

• Wellington Management Group LLP reduced its position in Annaly Capital Management by 37.1%, now holding 796,428 shares worth approximately $16.2 million after selling 469,004 shares in the first quarter.
• While Wellington cut its holdings, other investors like MML Investors Services and Stifel Financial Corp increased their stakes in the company during the same period.
• Annaly Capital Management recently announced a quarterly dividend of $0.70 per share, with an annualized yield of 13.3%, despite having a high dividend payout ratio of 277.23%.

Wellington Management Group LLP cut its stake in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 37.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 796,428 shares of the real estate investment trust's stock after selling 469,004 shares during the quarter. Wellington Management Group LLP owned approximately 0.13% of Annaly Capital Management worth $16,175,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Inlight Wealth Management LLC acquired a new position in shares of Annaly Capital Management during the first quarter worth approximately $25,000. Financial Gravity Asset Management Inc. acquired a new position in shares of Annaly Capital Management during the first quarter worth approximately $28,000. MCF Advisors LLC boosted its position in shares of Annaly Capital Management by 1,087.1% during the first quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust's stock worth $37,000 after buying an additional 1,598 shares during the period. Smallwood Wealth Investment Management LLC acquired a new position in shares of Annaly Capital Management during the first quarter worth approximately $36,000. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of Annaly Capital Management during the fourth quarter worth approximately $39,000. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NLY. UBS Group reiterated a "neutral" rating and set a $20.00 price objective (up from $18.00) on shares of Annaly Capital Management in a research report on Thursday, July 10th. Royal Bank Of Canada cut their target price on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a research report on Tuesday, May 27th. Keefe, Bruyette & Woods upped their target price 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. Zacks Research downgraded Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Finally, Jones Trading restated a "buy" rating and issued a $21.00 target price on shares of Annaly Capital Management in a research report on Thursday, July 24th. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $20.72.

Annaly Capital Management Price Performance

Shares of NYSE NLY traded up $0.19 during trading on Friday, hitting $21.18. The company had a trading volume of 4,997,484 shares, compared to its average volume of 6,074,474. The company has a market cap of $13.60 billion, a P/E ratio of 20.97, a PEG ratio of 5.02 and a beta of 1.20. Annaly Capital Management Inc has a 52 week low of $16.59 and a 52 week high of $22.11. The business's 50-day moving average is $20.21 and its 200 day moving average is $19.96. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.11 and a current ratio of 0.11.

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, beating the consensus estimate of $0.72 by $0.01. The company 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%. Equities research analysts predict that Annaly Capital Management Inc will post 2.81 earnings per share 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. Stockholders of record on Monday, June 30th were issued a $0.70 dividend. The ex-dividend date was Monday, June 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.2%. Annaly Capital Management's dividend payout ratio is presently 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.