Allspring Global Investments Holdings LLC Acquires 1,342,056 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Allspring Global Investments Holdings LLC raised its stake in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 8.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,990,064 shares of the real estate investment trust's stock after purchasing an additional 1,342,056 shares during the quarter. Annaly Capital Management accounts for about 0.6% of Allspring Global Investments Holdings LLC's portfolio, making the stock its 29th biggest position. Allspring Global Investments Holdings LLC owned approximately 3.59% of Annaly Capital Management worth $361,061,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. UMB Bank n.a. boosted its stake in Annaly Capital Management by 70.2% in the third quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 647 shares during the last quarter. Quarry LP bought a new stake in shares of Annaly Capital Management in the second quarter valued at $36,000. Register Financial Advisors LLC bought a new position in shares of Annaly Capital Management during the 1st quarter worth $37,000. EverSource Wealth Advisors LLC increased its holdings in Annaly Capital Management by 107.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,077 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 1,076 shares during the last quarter. Finally, MCF Advisors LLC bought a new stake in Annaly Capital Management in the 1st quarter valued at about $44,000. 51.56% of the stock is owned by hedge funds and other institutional investors.

Annaly Capital Management Trading Up 0.6 %

Shares of NLY traded up $0.13 during trading hours on Friday, reaching $20.28. 4,021,020 shares of the company's stock traded hands, compared to its average volume of 4,025,495. Annaly Capital Management, Inc. has a 12 month low of $14.52 and a 12 month high of $21.11. The stock has a market cap of $10.15 billion, a PE ratio of -20.91 and a beta of 1.51. The firm's 50 day simple moving average is $20.11 and its 200-day simple moving average is $19.73.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.02. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $318.00 million. Annaly Capital Management had a negative net margin of 12.02% and a positive return on equity of 15.24%. During the same period in the previous year, the business posted $0.72 earnings per share. As a group, analysts expect that Annaly Capital Management, Inc. will post 2.66 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.60 dividend on an annualized basis and a yield of 12.82%. Annaly Capital Management's payout ratio is -268.04%.

Wall Street Analyst Weigh In

NLY has been the subject of several recent research reports. StockNews.com downgraded shares of Annaly Capital Management from a "buy" rating to a "hold" rating in a research note on Thursday, July 25th. Compass Point boosted their target price on shares of Annaly Capital Management from $22.00 to $23.50 and gave the company a "buy" rating in a report on Friday, July 26th. JPMorgan Chase & Co. raised their price target on Annaly Capital Management from $21.00 to $22.00 and gave the stock an "overweight" rating in a report on Thursday. JMP Securities reiterated a "market perform" rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. Finally, Wells Fargo & Company raised Annaly Capital Management from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $19.00 to $23.00 in a report on Friday, September 20th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.50.

Insiders Place Their Bets

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of Annaly Capital Management stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $20.05, for a total value of $1,002,500.00. Following the transaction, the chief executive officer now directly owns 612,469 shares of the company's stock, valued at $12,280,003.45. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.21% of the company's stock.

Annaly Capital Management Profile

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.