Annaly Capital Management (NYSE:NLY) Releases Earnings Results

Annaly Capital Management (NYSE:NLY) announced its quarterly earnings data on Wednesday. The real estate investment trust reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01), Yahoo Finance reports. Annaly Capital Management had a negative net margin of 12.02% and a positive return on equity of 15.24%. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $212.00 million. During the same quarter in the prior year, the company earned $0.66 earnings per share.

Annaly Capital Management Trading Down 1.1 %

Shares of NLY stock traded down $0.21 during trading hours on Friday, hitting $19.49. 5,447,310 shares of the company were exchanged, compared to its average volume of 4,057,335. The business has a 50 day moving average of $20.10 and a two-hundred day moving average of $19.74. Annaly Capital Management has a 52 week low of $14.52 and a 52 week high of $21.11. The company has a market capitalization of $10.49 billion, a PE ratio of -14.92 and a beta of 1.51.

Annaly Capital Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 13.34%. The ex-dividend date of this dividend is Monday, September 30th. Annaly Capital Management’s dividend payout ratio is -195.49%.

Insider Transactions at Annaly Capital Management

In other news, CEO David L. Finkelstein sold 50,000 shares of the stock in a transaction 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 sale, the chief executive officer now owns 612,469 shares of the company’s stock, valued at $12,280,003.45. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Wells Fargo & Company upgraded shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $19.00 to $23.00 in a report on Friday, September 20th. StockNews.com lowered shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Compass Point increased their price objective 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. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Friday. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.38.

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.