Annaly Capital Management Inc (NYSE:NLY) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its holdings in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 0.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,016,915 shares of the real estate investment trust's stock after selling 82,804 shares during the quarter. Annaly Capital Management accounts for about 0.6% of Allspring Global Investments Holdings LLC's holdings, making the stock its 23rd biggest holding. Allspring Global Investments Holdings LLC owned approximately 3.02% of Annaly Capital Management worth $361,960,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of NLY. Inlight Wealth Management LLC bought a new stake in shares of Annaly Capital Management during the 1st quarter valued at about $25,000. Assetmark Inc. purchased a new stake in Annaly Capital Management in the 4th quarter worth approximately $31,000. Larson Financial Group LLC raised its position in shares of Annaly Capital Management by 34.4% in the fourth quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust's stock worth $39,000 after buying an additional 549 shares in the last quarter. Fourth Dimension Wealth LLC bought a new stake in Annaly Capital Management in the fourth quarter worth $39,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Annaly Capital Management by 29.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 549 shares during the last quarter. Institutional investors and hedge funds own 51.56% of the company's stock.

Annaly Capital Management Trading Down 0.1%

Shares of NLY traded down $0.03 during midday trading on Friday, reaching $19.44. 11,399,285 shares of the stock were exchanged, compared to its average volume of 6,785,029. The company has a market capitalization of $11.61 billion, a P/E ratio of 21.84, a PEG ratio of 4.29 and a beta of 1.23. Annaly Capital Management Inc has a 52 week low of $16.60 and a 52 week high of $22.11. The company's 50 day moving average is $19.17 and its two-hundred day moving average is $19.67.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.01. Annaly Capital Management had a net margin of 13.10% and a return on equity of 15.31%. The company had revenue of $186.64 million during the quarter, compared to analysts' expectations of $418.04 million. On average, sell-side analysts expect that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 14.41%. The ex-dividend date is Monday, June 30th. Annaly Capital Management's payout ratio is currently 314.61%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on NLY shares. Royal Bank Of Canada lowered their price objective on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a research report on Tuesday, May 27th. Piper Sandler lowered their price objective on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. JPMorgan Chase & Co. lowered their price target on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Keefe, Bruyette & Woods boosted their price target on Annaly Capital Management from $20.15 to $20.50 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Finally, Jones Trading reaffirmed a "buy" rating and set a $21.00 price objective on shares of Annaly Capital Management in a report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.00.

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.