Annaly Capital Management Inc $NLY Position Reduced by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 0.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,907,583 shares of the real estate investment trust’s stock after selling 109,332 shares during the period. Annaly Capital Management accounts for about 0.6% of Allspring Global Investments Holdings LLC’s investment portfolio, making the stock its 29th largest holding. Allspring Global Investments Holdings LLC owned 3.00% of Annaly Capital Management worth $340,960,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Diversified Trust Co bought a new stake in Annaly Capital Management during the first quarter worth approximately $466,000. Bessemer Group Inc. raised its holdings in Annaly Capital Management by 11.7% during the first quarter. Bessemer Group Inc. now owns 7,731 shares of the real estate investment trust’s stock worth $157,000 after purchasing an additional 811 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Annaly Capital Management by 5.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,808,767 shares of the real estate investment trust’s stock worth $77,356,000 after purchasing an additional 196,489 shares in the last quarter. Kingswood Wealth Advisors LLC raised its holdings in Annaly Capital Management by 271.3% during the first quarter. Kingswood Wealth Advisors LLC now owns 48,550 shares of the real estate investment trust’s stock worth $976,000 after purchasing an additional 35,476 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in Annaly Capital Management by 8.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 367,519 shares of the real estate investment trust’s stock worth $7,464,000 after purchasing an additional 28,570 shares in the last quarter. Institutional investors own 51.56% of the company’s stock.

Analysts Set New Price Targets

NLY has been the topic of several recent analyst reports. Zacks Research cut Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. UBS Group raised their price objective on Annaly Capital Management from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 3rd. Jones Trading reaffirmed a “buy” rating and set a $21.00 target price on shares of Annaly Capital Management in a research report on Thursday, July 24th. Royal Bank Of Canada upped their target price on Annaly Capital Management from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Finally, Keefe, Bruyette & Woods lifted their price target on Annaly Capital Management from $20.50 to $21.50 and gave the stock an “outperform” rating in a research note on Friday, July 25th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $21.13.

Annaly Capital Management Stock Performance

Shares of Annaly Capital Management stock opened at $20.53 on Monday. Annaly Capital Management Inc has a 12 month low of $16.59 and a 12 month high of $22.45. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.21. The stock has a market cap of $13.18 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 4.87 and a beta of 1.25. The business has a fifty day simple moving average of $21.09 and a 200-day simple moving average of $19.90.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share for the quarter, beating 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 firm had revenue of $273.20 million for the quarter, compared to analyst estimates of $237.00 million. On average, sell-side analysts anticipate that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 13.6%. The ex-dividend date is Tuesday, September 30th. Annaly Capital Management’s dividend payout ratio (DPR) is currently 277.23%.

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.