Envestnet Asset Management Inc. Has $23.78 Million Holdings in Annaly Capital Management Inc $NLY

Envestnet Asset Management Inc. lifted its position in Annaly Capital Management Inc (NYSE:NLY) by 8.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,176,685 shares of the real estate investment trust’s stock after acquiring an additional 95,201 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.18% of Annaly Capital Management worth $23,781,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NLY. Hantz Financial Services Inc. lifted its holdings in shares of Annaly Capital Management by 138.3% in the third quarter. Hantz Financial Services Inc. now owns 9,659 shares of the real estate investment trust’s stock valued at $195,000 after purchasing an additional 5,606 shares in the last quarter. Penserra Capital Management LLC raised its position in Annaly Capital Management by 3.0% during the third quarter. Penserra Capital Management LLC now owns 82,064 shares of the real estate investment trust’s stock valued at $1,658,000 after buying an additional 2,383 shares during the period. Allianz Asset Management GmbH lifted its stake in Annaly Capital Management by 3.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 630,917 shares of the real estate investment trust’s stock worth $12,751,000 after acquiring an additional 20,129 shares in the last quarter. American Assets Capital Advisers LLC lifted its stake in Annaly Capital Management by 14.9% in the 3rd quarter. American Assets Capital Advisers LLC now owns 27,373 shares of the real estate investment trust’s stock worth $553,000 after acquiring an additional 3,545 shares in the last quarter. Finally, Mission Wealth Management LP acquired a new stake in Annaly Capital Management during the 3rd quarter worth about $217,000. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Annaly Capital Management Stock Performance

NLY opened at $23.06 on Friday. The firm has a market cap of $15.75 billion, a P/E ratio of 8.29, a price-to-earnings-growth ratio of 7.05 and a beta of 1.24. The business has a 50 day moving average price of $23.08 and a 200 day moving average price of $21.92. Annaly Capital Management Inc has a twelve month low of $16.59 and a twelve month high of $24.52.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Wednesday, January 28th. The real estate investment trust reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.02. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $567.67 million. Annaly Capital Management had a net margin of 34.02% and a return on equity of 15.80%. As a group, analysts anticipate that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 12.1%. The ex-dividend date was Wednesday, December 31st. Annaly Capital Management’s dividend payout ratio is 100.72%.

Analyst Ratings Changes

NLY has been the topic of a number of research reports. Royal Bank Of Canada upped their target price on Annaly Capital Management from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Piper Sandler reiterated an “overweight” rating and issued a $25.00 price objective (up previously from $23.50) on shares of Annaly Capital Management in a research note on Thursday, January 15th. Wells Fargo & Company reissued an “overweight” rating and set a $25.00 target price (up previously from $23.00) on shares of Annaly Capital Management in a research note on Thursday, January 29th. Keefe, Bruyette & Woods upped their price target on shares of Annaly Capital Management from $23.25 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Finally, JPMorgan Chase & Co. increased their price objective on Annaly Capital Management from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $24.11.

Annaly Capital Management Profile

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.