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

Allspring Global Investments Holdings LLC decreased its holdings in Annaly Capital Management Inc (NYSE:NLY) by 21.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,490,574 shares of the real estate investment trust’s stock after selling 3,665,446 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Annaly Capital Management were worth $285,056,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Oder Investment Management LLC raised its stake in shares of Annaly Capital Management by 5.6% during the first quarter. Oder Investment Management LLC now owns 21,760 shares of the real estate investment trust’s stock valued at $460,000 after purchasing an additional 1,159 shares in the last quarter. Independent Financial Group LLC bought a new position in Annaly Capital Management in the 1st quarter valued at about $3,938,000. Wealthfront Advisers LLC grew its position in Annaly Capital Management by 20.5% in the 1st quarter. Wealthfront Advisers LLC now owns 18,417 shares of the real estate investment trust’s stock valued at $390,000 after buying an additional 3,127 shares in the last quarter. Sharpepoint LLC increased its stake in Annaly Capital Management by 5.0% during the 1st quarter. Sharpepoint LLC now owns 77,526 shares of the real estate investment trust’s stock valued at $1,640,000 after buying an additional 3,660 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Annaly Capital Management by 5.3% during the 1st quarter. Bank of New York Mellon Corp now owns 4,962,690 shares of the real estate investment trust’s stock valued at $104,961,000 after buying an additional 248,335 shares during the period. 51.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NLY. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $25.00 price target on shares of Annaly Capital Management in a research note on Wednesday, June 3rd. Piper Sandler raised their price objective on shares of Annaly Capital Management from $24.50 to $25.00 and gave the company an “overweight” rating in a research note on Thursday, July 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Annaly Capital Management in a report on Friday, July 10th. Wall Street Zen raised Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, UBS Group restated a “neutral” rating and issued a $23.00 target price (up from $22.50) on shares of Annaly Capital Management in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $24.44.

Annaly Capital Management Price Performance

NLY stock opened at $23.41 on Friday. The firm has a market cap of $17.16 billion, a PE ratio of 7.91, a P/E/G ratio of 7.03 and a beta of 1.16. Annaly Capital Management Inc has a 12 month low of $19.53 and a 12 month high of $24.52. The firm has a 50 day simple moving average of $22.11 and a 200 day simple moving average of $22.46.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. The firm had revenue of $341.56 million for the quarter, compared to analyst estimates of $595.27 million. Annaly Capital Management had a net margin of 34.33% and a return on equity of 15.92%. As a group, sell-side analysts expect that Annaly Capital Management Inc will post 3 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $3.00 annualized dividend and a dividend yield of 12.8%. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.70. Annaly Capital Management’s dividend payout ratio is 101.35%.

About Annaly Capital Management

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.