Envestnet Portfolio Solutions Inc. Boosts Position in Annaly Capital Management Inc $NLY

Key Points

• Envestnet Portfolio Solutions Inc. significantly increased its holdings in Annaly Capital Management by 70.9% during the second quarter, bringing its total to 109,811 shares valued at over $2 million.
• Annaly Capital Management reported $0.73 EPS for the last quarter, exceeding estimates, and has recently announced a quarterly dividend of $0.70 per share, equating to a yield of 13.7%.
• Equity analysts have issued mixed ratings for Annaly Capital Management, with targets ranging from $20.00 to $22.50, reflecting a consensus rating of "Hold" and an average target price of $21.13.

Envestnet Portfolio Solutions Inc. grew its holdings in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 70.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 109,811 shares of the real estate investment trust's stock after buying an additional 45,553 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Annaly Capital Management were worth $2,067,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Sequoia Financial Advisors LLC increased its stake in shares of Annaly Capital Management by 16.8% during the second quarter. Sequoia Financial Advisors LLC now owns 217,018 shares of the real estate investment trust's stock valued at $4,084,000 after buying an additional 31,241 shares during the period. Yousif Capital Management LLC increased its stake in shares of Annaly Capital Management by 3.3% during the second quarter. Yousif Capital Management LLC now owns 230,574 shares of the real estate investment trust's stock valued at $4,339,000 after buying an additional 7,295 shares during the period. Meritage Portfolio Management increased its stake in shares of Annaly Capital Management by 45.9% during the second quarter. Meritage Portfolio Management now owns 204,205 shares of the real estate investment trust's stock valued at $3,843,000 after buying an additional 64,216 shares during the period. CWM LLC increased its stake in shares of Annaly Capital Management by 51.3% during the second quarter. CWM LLC now owns 12,311 shares of the real estate investment trust's stock valued at $232,000 after buying an additional 4,176 shares during the period. Finally, Board of the Pension Protection Fund purchased a new position in shares of Annaly Capital Management during the second quarter valued at approximately $53,000. 51.56% of the stock is owned by hedge funds and other institutional investors.

Annaly Capital Management Trading Down 1.5%

Annaly Capital Management stock opened at $20.49 on Friday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.21. The business's fifty day simple moving average is $21.09 and its two-hundred day simple moving average is $19.92. Annaly Capital Management Inc has a 12 month low of $16.59 and a 12 month high of $22.45. The company has a market capitalization of $13.16 billion, a price-to-earnings ratio of 20.29, a price-to-earnings-growth ratio of 4.93 and a beta of 1.25.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%.The business had revenue of $273.20 million for the quarter, compared to the consensus estimate of $237.00 million. As a group, equities analysts predict that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 13.7%. The ex-dividend date of this dividend is Tuesday, September 30th. Annaly Capital Management's payout ratio is 277.23%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on NLY shares. Piper Sandler set a $22.50 target price on Annaly Capital Management and gave the company an "overweight" rating in a research note on Wednesday, October 8th. Jones Trading restated a "buy" rating and set a $21.00 price target on shares of Annaly Capital Management in a research report on Thursday, July 24th. Barclays set a $20.00 price target on Annaly Capital Management and gave the company a "cautious" rating in a research report on Monday, October 6th. Keefe, Bruyette & Woods lifted their price target on Annaly Capital Management from $20.50 to $21.50 and gave the company an "outperform" rating in a research report on Friday, July 25th. Finally, UBS Group lifted their price target on Annaly Capital Management from $20.00 to $21.00 and gave the company a "neutral" rating in a research report on Wednesday, September 3rd. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Annaly Capital Management presently has a consensus rating of "Hold" and an average target price of $21.13.

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.

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