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

Envestnet Asset Management Inc. boosted its holdings in Annaly Capital Management Inc (NYSE:NLY) by 8.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,176,685 shares of the real estate investment trust’s stock after buying an additional 95,201 shares during the period. Envestnet Asset Management Inc.’s holdings in Annaly Capital Management were worth $23,781,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of NLY. Hantz Financial Services Inc. grew its stake 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 worth $195,000 after acquiring an additional 5,606 shares during the last quarter. Penserra Capital Management LLC boosted its holdings in Annaly Capital Management by 3.0% in the 3rd quarter. Penserra Capital Management LLC now owns 82,064 shares of the real estate investment trust’s stock valued at $1,658,000 after purchasing an additional 2,383 shares during the period. Allianz Asset Management GmbH boosted its holdings 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 valued at $12,751,000 after purchasing an additional 20,129 shares during the period. American Assets Capital Advisers LLC grew its position 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 purchasing an additional 3,545 shares during the last quarter. Finally, Mission Wealth Management LP bought a new position in shares of Annaly Capital Management during the 3rd quarter worth about $217,000. 51.56% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on NLY shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Annaly Capital Management in a research note on Wednesday, January 21st. JPMorgan Chase & Co. raised their price objective on Annaly Capital Management from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Jones Trading lifted their price objective on Annaly Capital Management from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. BTIG Research upgraded Annaly Capital Management from a “neutral” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Tuesday, January 6th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $25.00 target price (up from $23.00) on shares of Annaly Capital Management in a research report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $24.11.

Annaly Capital Management Price Performance

Annaly Capital Management stock opened at $23.06 on Friday. The firm has a market capitalization of $15.75 billion, a P/E ratio of 8.29, a P/E/G ratio of 7.05 and a beta of 1.24. The stock has a fifty day moving average price of $23.08 and a two-hundred day moving average price of $21.92. Annaly Capital Management Inc has a 52-week low of $16.59 and a 52-week high of $24.52.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, January 28th. The real estate investment trust reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.02. The business 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%. On average, equities research analysts predict that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

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

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.