Envestnet Asset Management Inc. Increases 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 112.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,028,089 shares of the real estate investment trust’s stock after buying an additional 544,046 shares during the period. Envestnet Asset Management Inc. owned about 0.17% of Annaly Capital Management worth $20,880,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Penserra Capital Management LLC boosted its position in Annaly Capital Management by 14.3% in the first quarter. Penserra Capital Management LLC now owns 84,007 shares of the real estate investment trust’s stock worth $1,706,000 after purchasing an additional 10,530 shares during the last quarter. Proffitt & Goodson Inc. raised its stake in shares of Annaly Capital Management by 2.1% during the 1st quarter. Proffitt & Goodson Inc. now owns 54,163 shares of the real estate investment trust’s stock valued at $1,100,000 after purchasing an additional 1,123 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Annaly Capital Management by 1.6% during the 1st quarter. Bank of New York Mellon Corp now owns 4,105,471 shares of the real estate investment trust’s stock valued at $83,382,000 after purchasing an additional 64,513 shares during the period. D.A. Davidson & CO. raised its stake in shares of Annaly Capital Management by 3.9% during the 1st quarter. D.A. Davidson & CO. now owns 329,042 shares of the real estate investment trust’s stock valued at $6,683,000 after purchasing an additional 12,242 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Annaly Capital Management by 3.5% in the 1st quarter. Principal Financial Group Inc. now owns 1,329,803 shares of the real estate investment trust’s stock worth $27,008,000 after acquiring an additional 44,769 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Up 1.1%

Shares of NYSE:NLY opened at $19.69 on Thursday. The company has a market capitalization of $11.76 billion, a price-to-earnings ratio of 22.12, a price-to-earnings-growth ratio of 4.29 and a beta of 1.22. Annaly Capital Management Inc has a 52 week low of $16.60 and a 52 week high of $22.11. The firm has a 50 day moving average of $19.28 and a 200 day moving average of $19.69.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The business had revenue of $186.64 million for the quarter, compared to the consensus estimate of $418.04 million. Annaly Capital Management had a return on equity of 15.31% and a net margin of 13.10%. On average, sell-side analysts expect that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 14.22%. The ex-dividend date of this dividend is Monday, June 30th. Annaly Capital Management’s payout ratio is 314.61%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on NLY shares. Piper Sandler cut their price objective on Annaly Capital Management from $21.50 to $21.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. Royal Bank Of Canada dropped their price objective on Annaly Capital Management from $22.00 to $21.00 and set an “outperform” rating for the company in a report on Tuesday, May 27th. Jones Trading reiterated a “buy” rating and issued a $21.00 price objective on shares of Annaly Capital Management in a report on Friday, May 2nd. Keefe, Bruyette & Woods increased their target price 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. Finally, JPMorgan Chase & Co. reduced their price objective on Annaly Capital Management from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.90.

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.