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

Wellington Management Group LLP boosted its position in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 9.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 537,125 shares of the real estate investment trust's stock after buying an additional 48,555 shares during the period. Wellington Management Group LLP owned approximately 0.10% of Annaly Capital Management worth $10,780,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of NLY. Citigroup Inc. lifted its stake in shares of Annaly Capital Management by 22.6% in the 3rd quarter. Citigroup Inc. now owns 652,255 shares of the real estate investment trust's stock valued at $13,091,000 after purchasing an additional 120,163 shares during the period. Victory Capital Management Inc. increased its holdings in Annaly Capital Management by 7.4% in the third quarter. Victory Capital Management Inc. now owns 2,002,975 shares of the real estate investment trust's stock worth $40,200,000 after purchasing an additional 138,320 shares in the last quarter. State Street Corp lifted its stake in Annaly Capital Management by 1.3% in the third quarter. State Street Corp now owns 17,400,024 shares of the real estate investment trust's stock valued at $360,296,000 after buying an additional 223,294 shares during the period. Clarity Financial LLC bought a new position in shares of Annaly Capital Management during the 3rd quarter worth approximately $6,687,000. Finally, Oppenheimer & Co. Inc. grew its position in shares of Annaly Capital Management by 213.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 56,310 shares of the real estate investment trust's stock worth $1,130,000 after buying an additional 38,361 shares during the period. Institutional investors own 51.56% of the company's stock.

Annaly Capital Management Stock Performance

NLY traded down $0.03 during midday trading on Monday, reaching $19.75. 7,157,790 shares of the company were exchanged, compared to its average volume of 4,324,885. Annaly Capital Management, Inc. has a one year low of $17.67 and a one year high of $21.11. The company's fifty day moving average price is $19.66 and its 200 day moving average price is $19.85. The company has a market cap of $11.07 billion, a price-to-earnings ratio of -282.14 and a beta of 1.51.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $212.00 million. Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. During the same quarter last year, the company posted $0.66 EPS. As a group, sell-side analysts anticipate that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.16%. The ex-dividend date is Tuesday, December 31st. Annaly Capital Management's payout ratio is currently -3,714.29%.

Analyst Ratings Changes

Several research analysts recently issued reports on NLY shares. Argus raised shares of Annaly Capital Management from a "hold" rating to a "buy" rating and set a $21.00 target price on the stock in a research note on Thursday, October 31st. Wells Fargo & Company raised shares of Annaly Capital Management from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $19.00 to $23.00 in a research report on Friday, September 20th. JMP Securities reaffirmed a "market perform" rating on shares of Annaly Capital Management in a research report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. cut their price target on Annaly Capital Management from $21.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, December 9th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $21.50.

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.