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

Allspring Global Investments Holdings LLC grew its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 1.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,170,965 shares of the real estate investment trust's stock after buying an additional 300,457 shares during the period. Annaly Capital Management accounts for approximately 0.6% of Allspring Global Investments Holdings LLC's holdings, making the stock its 28th biggest holding. Allspring Global Investments Holdings LLC owned approximately 3.43% of Annaly Capital Management worth $332,602,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in NLY. Selway Asset Management purchased a new stake in Annaly Capital Management during the 3rd quarter worth $26,000. BluePath Capital Management LLC purchased a new position in Annaly Capital Management in the 3rd quarter valued at about $34,000. Central Bank & Trust Co. purchased a new position in Annaly Capital Management in the 4th quarter valued at about $34,000. Lazard Asset Management LLC boosted its position in Annaly Capital Management by 1,834.5% in the 4th quarter. Lazard Asset Management LLC now owns 1,683 shares of the real estate investment trust's stock valued at $35,000 after buying an additional 1,596 shares during the last quarter. Finally, NBC Securities Inc. purchased a new position in Annaly Capital Management in the 3rd quarter valued at about $38,000. 51.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NLY. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $21.50 target price on shares of Annaly Capital Management in a research note on Wednesday, March 27th. Royal Bank of Canada restated an "outperform" rating and issued a $21.00 target price on shares of Annaly Capital Management in a research note on Monday, February 12th. Compass Point began coverage on shares of Annaly Capital Management in a research note on Tuesday, April 2nd. They issued a "buy" rating and a $22.00 target price on the stock. StockNews.com upgraded shares of Annaly Capital Management from a "sell" rating to a "hold" rating in a research note on Saturday, January 27th. Finally, Jonestrading upped their target price on shares of Annaly Capital Management from $18.00 to $21.00 and gave the company a "buy" rating in a research note on Thursday, February 8th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Annaly Capital Management currently has an average rating of "Moderate Buy" and an average target price of $21.19.

Annaly Capital Management Stock Performance

NLY traded up $0.09 on Monday, hitting $19.32. 2,493,823 shares of the company's stock were exchanged, compared to its average volume of 3,639,752. The firm has a market cap of $9.67 billion, a PE ratio of -5.33 and a beta of 1.54. Annaly Capital Management, Inc. has a twelve month low of $14.52 and a twelve month high of $21.07. The stock has a fifty day moving average of $19.26 and a two-hundred day moving average of $18.64. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.40.

Annaly Capital Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be issued a dividend of $0.65 per share. The ex-dividend date is Wednesday, March 27th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.46%. Annaly Capital Management's dividend payout ratio (DPR) is presently -72.02%.

Insider Activity

In other news, CEO David L. Finkelstein sold 50,000 shares of Annaly Capital Management stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $19.03, for a total transaction of $951,500.00. Following the sale, the chief executive officer now owns 662,469 shares of the company's stock, valued at $12,606,785.07. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.26% 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.

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