Federated Hermes Inc. Sells 3,223 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Federated Hermes Inc. reduced its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 4.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,505 shares of the real estate investment trust’s stock after selling 3,223 shares during the period. Federated Hermes Inc.’s holdings in Annaly Capital Management were worth $1,229,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Core Wealth Advisors Inc. grew its holdings in shares of Annaly Capital Management by 222.2% during the 4th quarter. Core Wealth Advisors Inc. now owns 1,450 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,000 shares during the last quarter. Rise Advisors LLC bought a new position in shares of Annaly Capital Management during the first quarter valued at about $29,000. Register Financial Advisors LLC purchased a new position in shares of Annaly Capital Management in the first quarter worth about $37,000. EverSource Wealth Advisors LLC lifted its stake in shares of 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 valued at $39,000 after acquiring an additional 1,076 shares during the last quarter. Finally, MCF Advisors LLC purchased a new stake in Annaly Capital Management during the 1st quarter valued at about $44,000. 51.56% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Annaly Capital Management Price Performance

Shares of NLY opened at $20.88 on Friday. The company has a 50-day simple moving average of $20.13 and a two-hundred day simple moving average of $19.69. The firm has a market capitalization of $10.45 billion, a PE ratio of -21.53 and a beta of 1.52. Annaly Capital Management, Inc. has a one year low of $14.52 and a one year high of $21.11.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.02. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $318.00 million. Annaly Capital Management had a positive return on equity of 15.24% and a negative net margin of 12.02%. During the same period in the previous year, the company posted $0.72 earnings per share. Analysts expect that Annaly Capital Management, Inc. will post 2.67 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be paid a $0.65 dividend. The ex-dividend date is Monday, September 30th. This represents a $2.60 annualized dividend and a dividend yield of 12.45%. Annaly Capital Management’s payout ratio is -268.04%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Compass Point boosted their price objective on Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a research report on Friday, July 26th. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. Wells Fargo & Company raised shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $19.00 to $23.00 in a research note on Friday. JPMorgan Chase & Co. increased their target price on shares of Annaly Capital Management from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Finally, Janney Montgomery Scott began coverage on Annaly Capital Management in a report on Thursday, June 6th. They set a “buy” rating and a $21.00 price target on the stock. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $21.38.

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.