Wellington Management Group LLP Raises Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

Wellington Management Group LLP grew its position in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 135.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,265,432 shares of the real estate investment trust's stock after acquiring an additional 728,307 shares during the period. Wellington Management Group LLP owned about 0.22% of Annaly Capital Management worth $23,157,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Stratos Wealth Advisors LLC boosted its position in shares of Annaly Capital Management by 93.1% during the fourth quarter. Stratos Wealth Advisors LLC now owns 275,559 shares of the real estate investment trust's stock valued at $5,043,000 after purchasing an additional 132,891 shares in the last quarter. Tandem Financial LLC bought a new stake in shares of Annaly Capital Management during the 4th quarter valued at $327,000. Wernau Asset Management Inc. bought a new stake in shares of Annaly Capital Management during the 4th quarter valued at $229,000. Charles Schwab Investment Management Inc. grew its position in shares of Annaly Capital Management by 12.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,612,278 shares of the real estate investment trust's stock worth $66,105,000 after buying an additional 393,581 shares during the period. Finally, Bayesian Capital Management LP bought a new position in shares of Annaly Capital Management in the 4th quarter worth about $730,000. Institutional investors own 51.56% of the company's stock.

Annaly Capital Management Trading Down 1.3%

NLY stock traded down $0.25 during midday trading on Monday, hitting $18.70. The company's stock had a trading volume of 7,574,681 shares, compared to its average volume of 6,481,157. The firm's 50-day moving average is $19.05 and its 200-day moving average is $19.75. Annaly Capital Management, Inc. has a 12 month low of $16.60 and a 12 month high of $22.11. The company has a market cap of $11.17 billion, a PE ratio of 11.76, a P/E/G ratio of 4.89 and a beta of 1.25.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.01. The firm had revenue of $186.64 million during the quarter, compared to analysts' expectations of $418.04 million. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. Analysts expect that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were given a $0.70 dividend. This is a positive change from Annaly Capital Management's previous quarterly dividend of $0.65. The ex-dividend date was Monday, March 31st. This represents a $2.80 dividend on an annualized basis and a yield of 14.97%. Annaly Capital Management's payout ratio is 314.61%.

Analysts Set New Price Targets

Several equities research analysts recently commented on NLY shares. Jones Trading reissued a "buy" rating and set a $21.00 price objective on shares of Annaly Capital Management in a research note on Friday, May 2nd. JPMorgan Chase & Co. lowered their target price on shares of Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Keefe, Bruyette & Woods boosted their price target on Annaly Capital Management from $20.15 to $20.50 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Piper Sandler reduced their price objective on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Finally, Royal Bank of Canada lowered their price objective 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. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $21.00.

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.