Allspring Global Investments Holdings LLC Acquires 1,001,289 Shares of Annaly Capital Management Inc $NLY

Key Points

• Allspring Global Investments increased its Annaly Capital Management stake by 8.7%, adding 1,001,289 shares to hold 12.54 million shares, valued at about $234.5 million.
• Several other institutional investors also expanded their positions in the third quarter; hedge funds and institutions collectively owned 51.56% of Annaly’s stock.
• Annaly reported quarterly EPS of $0.80, beating the $0.77 consensus estimate, and paid a $0.75-per-share dividend, equivalent to a 16% annualized yield at the article’s cited share price.

Allspring Global Investments Holdings LLC boosted its holdings in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 8.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,537,956 shares of the real estate investment trust's stock after acquiring an additional 1,001,289 shares during the quarter. Allspring Global Investments Holdings LLC owned 1.59% of Annaly Capital Management worth $234,460,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in NLY. M Holdings Securities Inc. acquired a new stake in shares of Annaly Capital Management during the 3rd quarter worth about $306,000. Candriam S.C.A. grew its stake in Annaly Capital Management by 6.7% during the third quarter. Candriam S.C.A. now owns 149,671 shares of the real estate investment trust's stock worth $2,838,000 after buying an additional 9,433 shares during the last quarter. Ethic Inc. increased its holdings in shares of Annaly Capital Management by 14.2% during the third quarter. Ethic Inc. now owns 138,145 shares of the real estate investment trust's stock worth $2,610,000 after buying an additional 17,222 shares in the last quarter. StoneX Group Inc. increased its holdings in shares of Annaly Capital Management by 3.8% during the third quarter. StoneX Group Inc. now owns 21,507 shares of the real estate investment trust's stock worth $426,000 after buying an additional 783 shares in the last quarter. Finally, Pictet Asset Management Holding SA increased its holdings in shares of Annaly Capital Management by 12.7% during the third quarter. Pictet Asset Management Holding SA now owns 472,987 shares of the real estate investment trust's stock worth $8,935,000 after buying an additional 53,151 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company's stock.

Annaly Capital Management Price Performance

NLY opened at $18.73 on Monday. The stock has a market capitalization of $14.75 billion, a P/E ratio of 13.09, a price-to-earnings-growth ratio of 1.43 and a beta of 1.24. The company's 50 day simple moving average is $19.86 and its 200-day simple moving average is $21.83. Annaly Capital Management Inc has a one year low of $17.70 and a one year high of $24.52.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings data on Tuesday, October 20th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.03. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $637.41 million. Annaly Capital Management had a return on equity of 16.65% and a net margin of 15.52%. As a group, analysts anticipate that Annaly Capital Management Inc will post 3.13 EPS for the current year.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th were given a dividend of $0.75 per share. The ex-dividend date was Wednesday, September 30th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 16.0%. Annaly Capital Management's payout ratio is presently 209.79%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on NLY shares. Zacks Research lowered Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 31st. Wells Fargo & Company set a $22.00 price target on Annaly Capital Management and gave the company an "overweight" rating in a report on Thursday, October 22nd. Royal Bank Of Canada set a $21.00 price objective on Annaly Capital Management and gave the company an "outperform" rating in a research report on Thursday, October 22nd. Barclays set a $21.00 price objective on Annaly Capital Management and gave the stock an "equal weight" rating in a research note on Thursday, October 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on Annaly Capital Management from $19.00 to $19.50 and gave the stock an "overweight" rating in a research note on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Annaly Capital Management presently has a consensus rating of "Moderate Buy" and an average target price of $21.67.

About Annaly Capital Management

Annaly Capital Management, Inc is a mortgage real estate investment trust (REIT) that invests in assets tied to the U.S. housing and mortgage markets. Its portfolio includes agency mortgage-backed securities, residential credit investments and mortgage servicing rights.

The company's agency investments include mortgage-backed securities whose principal and interest payments are guaranteed by government-sponsored enterprises or government agencies. Its residential credit activities include investments in mortgage loans and securities that do not carry those guarantees, while its servicing rights relate to the collection and administration of mortgage payments.

Founded in 1997, Annaly focuses primarily on the U.S.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.