Annaly Capital Management (NYSE:NLY) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Annaly Capital Management (NYSE:NLY) announced its earnings results on Wednesday. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05, Zacks reports. Annaly Capital Management had a net margin of 20.70% and a return on equity of 15.30%.

Annaly Capital Management Price Performance

Shares of NLY stock traded up $0.17 on Friday, hitting $20.64. The stock had a trading volume of 2,907,751 shares, compared to its average volume of 6,360,522. The stock has a market cap of $11.57 billion, a price-to-earnings ratio of 12.97 and a beta of 1.51. Annaly Capital Management has a 12-month low of $17.67 and a 12-month high of $21.11. The business has a 50 day moving average of $19.27 and a 200 day moving average of $19.70.

Annaly Capital Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 12.60%. The ex-dividend date is Tuesday, December 31st. Annaly Capital Management’s payout ratio is 163.52%.

Analysts Set New Price Targets

Several brokerages have weighed in on NLY. JPMorgan Chase & Co. dropped their price objective on shares of Annaly Capital Management from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Barclays started coverage on shares of Annaly Capital Management in a report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price target on the stock. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Royal Bank of Canada upped their price target on shares of Annaly Capital Management from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Thursday, October 31st. Three 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 stock presently has a consensus rating of “Moderate Buy” and an average target price of $21.22.

Annaly Capital Management Company 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.