Envestnet Asset Management Inc. Boosts Stock Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Envestnet Asset Management Inc. lifted its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 7.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 258,817 shares of the real estate investment trust’s stock after acquiring an additional 18,599 shares during the quarter. Envestnet Asset Management Inc. owned 0.05% of Annaly Capital Management worth $4,933,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of NLY. Core Wealth Advisors Inc. increased its position in shares of Annaly Capital Management by 222.2% during the fourth quarter. Core Wealth Advisors Inc. now owns 1,450 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 1,000 shares during the period. Rise Advisors LLC purchased a new stake in shares of Annaly Capital Management during the first quarter worth $29,000. Register Financial Advisors LLC purchased a new position in Annaly Capital Management in the first quarter valued at $37,000. EverSource Wealth Advisors LLC increased its holdings in Annaly Capital Management by 107.5% in the first quarter. EverSource Wealth Advisors LLC now owns 2,077 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 1,076 shares during the last quarter. Finally, MCF Advisors LLC purchased a new position in Annaly Capital Management in the first quarter valued at $44,000. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Price Performance

NYSE NLY opened at $20.07 on Tuesday. Annaly Capital Management, Inc. has a 1 year low of $14.52 and a 1 year high of $21.11. The company has a market capitalization of $10.04 billion, a PE ratio of -20.69 and a beta of 1.52. The company has a fifty day moving average of $20.13 and a two-hundred day moving average of $19.72.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.02. Annaly Capital Management had a negative net margin of 12.02% and a positive return on equity of 15.24%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $318.00 million. During the same quarter in the prior year, the firm earned $0.72 earnings per share. On average, research analysts expect that Annaly Capital Management, Inc. will post 2.67 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 Thursday, October 31st. Stockholders of record on Monday, September 30th will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.60 annualized dividend and a dividend yield of 12.95%. Annaly Capital Management’s dividend payout ratio (DPR) is -268.04%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. Compass Point increased their target price on Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a report on Friday, July 26th. JPMorgan Chase & Co. increased their target price on Annaly Capital Management from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. StockNews.com lowered Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Finally, Janney Montgomery Scott began coverage on Annaly Capital Management in a report on Thursday, June 6th. They issued a “buy” rating and a $21.00 target price on the stock. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.38.

Insider Transactions at Annaly Capital Management

In other news, CEO David L. Finkelstein sold 50,000 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $20.05, for a total transaction of $1,002,500.00. Following the completion of the sale, the chief executive officer now owns 612,469 shares in the company, valued at $12,280,003.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.21% of the company’s stock.

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.