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Envestnet Asset Management Inc. Has $9.61 Million Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Defense World · Aug 8, 2022 04:41

Envestnet Asset Management Inc. decreased its stake in Annaly Capital Management, Inc. (NYSE:NLY – Get Rating) by 2.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,364,892 shares of the real estate investment trust's stock after selling 34,529 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.09% of Annaly Capital Management worth $9,609,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Stonnington Group LLC raised its position in Annaly Capital Management by 40.0% in the 1st quarter. Stonnington Group LLC now owns 14,000 shares of the real estate investment trust's stock valued at $94,000 after purchasing an additional 4,000 shares during the last quarter. DNB Asset Management AS raised its position in shares of Annaly Capital Management by 6.1% during the first quarter. DNB Asset Management AS now owns 297,955 shares of the real estate investment trust's stock worth $2,098,000 after acquiring an additional 17,164 shares during the last quarter. ProShare Advisors LLC raised its position in shares of Annaly Capital Management by 10.3% during the fourth quarter. ProShare Advisors LLC now owns 240,161 shares of the real estate investment trust's stock worth $1,878,000 after acquiring an additional 22,418 shares during the last quarter. Wedbush Securities Inc. raised its position in shares of Annaly Capital Management by 3.2% during the first quarter. Wedbush Securities Inc. now owns 275,223 shares of the real estate investment trust's stock worth $1,938,000 after acquiring an additional 8,585 shares during the last quarter. Finally, DAVENPORT & Co LLC raised its position in shares of Annaly Capital Management by 33.6% during the first quarter. DAVENPORT & Co LLC now owns 34,625 shares of the real estate investment trust's stock worth $244,000 after acquiring an additional 8,700 shares during the last quarter. Institutional investors and hedge funds own 41.79% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Credit Suisse Group dropped their price objective on Annaly Capital Management to $6.50 in a report on Friday, July 22nd. JPMorgan Chase & Co. reduced their price objective on Annaly Capital Management from $7.50 to $6.50 and set an "overweight" rating for the company in a research report on Monday, April 25th. Piper Sandler dropped their target price on Annaly Capital Management from $6.50 to $6.00 and set a "neutral" rating on the stock in a report on Tuesday, June 28th. Keefe, Bruyette & Woods upgraded Annaly Capital Management from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $6.25 to $6.75 in a research note on Wednesday, June 8th. Finally, Barclays dropped their price objective on Annaly Capital Management from $8.00 to $7.00 in a research note on Wednesday, April 27th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $6.67.

Annaly Capital Management Stock Performance

Shares of NLY stock opened at $6.55 on Monday. The stock's fifty day moving average price is $6.30 and its two-hundred day moving average price is $6.74. The company has a market cap of $10.64 billion, a PE ratio of 2.60, a P/E/G ratio of 1.20 and a beta of 1.16. Annaly Capital Management, Inc. has a fifty-two week low of $5.45 and a fifty-two week high of $8.94.

Annaly Capital Management (NYSE:NLY – Get Rating) last issued its earnings results on Wednesday, July 27th. The real estate investment trust reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.05. The firm had revenue of $475.14 million for the quarter, compared to the consensus estimate of $399.39 million. Annaly Capital Management had a return on equity of 16.72% and a net margin of 178.91%. The company's revenue was down 18.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 EPS. On average, equities analysts predict that Annaly Capital Management, Inc. will post 1.1 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Thursday, June 30th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 13.44%. The ex-dividend date was Wednesday, June 29th. Annaly Capital Management's dividend payout ratio (DPR) is 34.92%.

Insider Activity at Annaly Capital Management

In other news, CEO David L. Finkelstein acquired 200,000 shares of the business's stock in a transaction that occurred on Friday, June 17th. The shares were bought at an average price of $5.56 per share, with a total value of $1,112,000.00. Following the acquisition, the chief executive officer now directly owns 1,669,013 shares in the company, valued at approximately $9,279,712.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.31% of the stock is currently owned by company insiders.

About Annaly Capital Management

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Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance and corporate middle market lending. The company invests in agency mortgage-backed securities, mortgage servicing rights, Agency commercial mortgage-backed securities, non-Agency residential mortgage assets, residential mortgage loans, credit risk transfer securities, corporate debts, and other commercial real estate investments.