Envestnet Portfolio Solutions Inc. Grows Position in Annaly Capital Management, Inc. (NYSE:NLY)

Envestnet Portfolio Solutions Inc. raised its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 25.9% during the 4th quarter, Holdings Channel reports. The fund owned 32,344 shares of the real estate investment trust’s stock after purchasing an additional 6,646 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Annaly Capital Management were worth $592,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NLY. KBC Group NV raised its stake in Annaly Capital Management by 238.9% during the fourth quarter. KBC Group NV now owns 5,198,020 shares of the real estate investment trust’s stock valued at $95,124,000 after purchasing an additional 3,664,098 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Annaly Capital Management by 531.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,981,081 shares of the real estate investment trust’s stock valued at $79,900,000 after buying an additional 3,350,435 shares in the last quarter. PL Capital Advisors LLC lifted its holdings in shares of Annaly Capital Management by 1,730.0% in the 4th quarter. PL Capital Advisors LLC now owns 2,792,635 shares of the real estate investment trust’s stock valued at $51,105,000 after acquiring an additional 2,640,032 shares during the last quarter. ORG Wealth Partners LLC grew its position in Annaly Capital Management by 5,113.5% in the fourth quarter. ORG Wealth Partners LLC now owns 788,336 shares of the real estate investment trust’s stock worth $14,427,000 after acquiring an additional 773,215 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Annaly Capital Management during the fourth quarter worth approximately $12,676,000. 51.56% of the stock is currently owned by institutional investors.

Annaly Capital Management Stock Performance

Annaly Capital Management stock opened at $21.63 on Tuesday. Annaly Capital Management, Inc. has a fifty-two week low of $17.67 and a fifty-two week high of $22.11. The company has a market capitalization of $12.51 billion, a PE ratio of 13.60, a P/E/G ratio of 4.89 and a beta of 1.53. The company has a 50 day moving average price of $20.82 and a 200-day moving average price of $20.03.

Annaly Capital Management (NYSE:NLY) last issued its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.05. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. On average, analysts forecast that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a $0.70 dividend. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.80 dividend on an annualized basis and a yield of 12.95%. Annaly Capital Management’s payout ratio is 176.10%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NLY. JPMorgan Chase & Co. lifted their target price on Annaly Capital Management from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Barclays assumed coverage on shares of Annaly Capital Management in a report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 target price for the company. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $22.00 price target on shares of Annaly Capital Management in a report on Monday, February 10th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.44.

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.