Allspring Global Investments Holdings LLC Increases Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

Allspring Global Investments Holdings LLC raised its position in Annaly Capital Management, Inc. (NYSE:NLY) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,099,719 shares of the real estate investment trust’s stock after buying an additional 109,655 shares during the period. Allspring Global Investments Holdings LLC owned about 3.23% of Annaly Capital Management worth $332,665,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NLY. Avior Wealth Management LLC increased its stake in shares of Annaly Capital Management by 209.9% in the 3rd quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 850 shares in the last quarter. UMB Bank n.a. boosted its position in Annaly Capital Management by 70.2% during the third quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 647 shares in the last quarter. Blue Trust Inc. grew its holdings in Annaly Capital Management by 78.5% in the fourth quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 717 shares during the period. Toth Financial Advisory Corp increased its position in shares of Annaly Capital Management by 31.8% in the third quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 576 shares in the last quarter. Finally, Bartlett & CO. Wealth Management LLC raised its stake in shares of Annaly Capital Management by 68.1% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 2,962 shares of the real estate investment trust’s stock worth $56,000 after buying an additional 1,200 shares during the period. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Barclays began coverage on shares of Annaly Capital Management in a research note on Monday, January 6th. They set an “equal weight” rating and a $19.00 target price for the company. Argus upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Thursday, October 31st. JPMorgan Chase & Co. raised their target price on Annaly Capital Management from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $22.00 price objective on shares of Annaly Capital Management in a research note on Monday. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $21.44.

Annaly Capital Management Stock Up 0.3 %

Shares of NLY opened at $20.75 on Wednesday. The company’s 50-day moving average price is $19.38 and its 200 day moving average price is $19.71. Annaly Capital Management, Inc. has a 12-month low of $17.67 and a 12-month high of $21.11. The company has a current ratio of 0.12, a quick ratio of 0.08 and a debt-to-equity ratio of 0.22. The firm has a market cap of $11.63 billion, a P/E ratio of 13.05, a price-to-earnings-growth ratio of 4.66 and a beta of 1.52.

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

Annaly Capital Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.60 dividend on an annualized basis and a yield of 12.53%. Annaly Capital Management’s dividend payout ratio (DPR) is presently 163.52%.

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.