Annaly Capital Management Inc (NYSE:NLY) Shares Bought by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. boosted its position in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 98.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,258 shares of the real estate investment trust's stock after purchasing an additional 31,914 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Annaly Capital Management were worth $1,305,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. New York State Common Retirement Fund raised its holdings in Annaly Capital Management by 3.0% in the 4th quarter. New York State Common Retirement Fund now owns 341,784 shares of the real estate investment trust's stock valued at $6,255,000 after buying an additional 10,000 shares during the period. Handelsbanken Fonder AB increased its position in shares of Annaly Capital Management by 21.5% during the fourth quarter. Handelsbanken Fonder AB now owns 150,600 shares of the real estate investment trust's stock valued at $2,756,000 after acquiring an additional 26,600 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of Annaly Capital Management in the 4th quarter valued at approximately $50,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Annaly Capital Management by 87.9% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 139,796 shares of the real estate investment trust's stock worth $2,558,000 after acquiring an additional 65,400 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Annaly Capital Management by 8.8% during the 4th quarter. Bank of New York Mellon Corp now owns 4,040,958 shares of the real estate investment trust's stock worth $73,950,000 after purchasing an additional 325,542 shares during the period. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Trading Down 0.5%

Shares of NLY stock traded down $0.09 on Wednesday, reaching $19.27. 7,748,978 shares of the stock were exchanged, compared to its average volume of 6,739,010. The company has a market capitalization of $11.51 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 4.22 and a beta of 1.23. The business's 50 day moving average price is $19.08 and its 200 day moving average price is $19.68. Annaly Capital Management Inc has a twelve month low of $16.60 and a twelve month high of $22.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.01. The business had revenue of $186.64 million during 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%. Equities research analysts forecast that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.80 annualized dividend and a dividend yield of 14.53%. Annaly Capital Management's dividend payout ratio is presently 314.61%.

Analyst Upgrades and Downgrades

NLY has been the subject of several research reports. Royal Bank Of Canada dropped their target price on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a report on Tuesday, May 27th. JPMorgan Chase & Co. dropped their price objective on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Jones Trading reiterated a "buy" rating and set a $21.00 price target on shares of Annaly Capital Management in a research note on Friday, May 2nd. Keefe, Bruyette & Woods increased their target price 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. Finally, Piper Sandler dropped their price target on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Annaly Capital Management has a consensus rating of "Moderate Buy" and a consensus target price of $21.00.

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.