Envestnet Asset Management Inc. Buys 544,046 Shares of Annaly Capital Management Inc (NYSE:NLY)

Envestnet Asset Management Inc. increased its stake in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 112.4% during the first quarter, according to its most recent filing with the SEC. The fund owned 1,028,089 shares of the real estate investment trust's stock after buying an additional 544,046 shares during the quarter. Envestnet Asset Management Inc. owned 0.17% of Annaly Capital Management worth $20,880,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD increased its holdings in Annaly Capital Management by 31.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 34,426,571 shares of the real estate investment trust's stock worth $630,007,000 after acquiring an additional 8,272,674 shares during the last quarter. Norges Bank purchased a new position in shares of Annaly Capital Management in the fourth quarter valued at $127,397,000. Vanguard Group Inc. raised its stake in shares of Annaly Capital Management by 12.0% during the 4th quarter. Vanguard Group Inc. now owns 54,721,696 shares of the real estate investment trust's stock valued at $1,001,407,000 after purchasing an additional 5,859,104 shares during the period. Northern Trust Corp boosted its stake in Annaly Capital Management by 90.6% in the 4th quarter. Northern Trust Corp now owns 7,587,581 shares of the real estate investment trust's stock worth $138,853,000 after purchasing an additional 3,606,366 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Annaly Capital Management by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 9,453,133 shares of the real estate investment trust's stock valued at $172,706,000 after buying an additional 814,917 shares in the last quarter. Institutional investors own 51.56% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NLY shares. Royal Bank Of Canada dropped their price target on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a research 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 raised their price objective on shares of Annaly Capital Management from $20.15 to $20.50 and gave the stock an "outperform" rating in a report on Friday, May 2nd. JPMorgan Chase & Co. lowered their price target on shares of 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. Finally, Piper Sandler reduced their price target 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. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $20.90.

Annaly Capital Management Stock Performance

Shares of NLY traded up $0.14 during mid-day trading on Friday, reaching $19.86. The stock had a trading volume of 5,176,377 shares, compared to its average volume of 6,909,328. The business has a fifty day moving average of $19.29 and a 200 day moving average of $19.69. The firm has a market cap of $11.87 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 4.34 and a beta of 1.22. Annaly Capital Management Inc has a 12 month low of $16.60 and a 12 month high of $22.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.01. The business had revenue of $186.64 million for the quarter, compared to analysts' expectations of $418.04 million. Annaly Capital Management had a return on equity of 15.31% and a net margin of 13.10%. On average, research analysts forecast that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

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 paid a $0.70 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.80 annualized dividend and a yield of 14.10%. Annaly Capital Management's payout ratio is 314.61%.

About Annaly Capital Management

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.