Annaly Capital Management (NYSE:NLY) Issues Earnings Results

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

Annaly Capital Management Price Performance

Shares of NLY stock traded down $0.12 during trading hours on Friday, reaching $19.58. 3,998,240 shares of the company traded hands, compared to its average volume of 4,050,334. Annaly Capital Management has a 12-month low of $14.52 and a 12-month high of $21.11. The company has a market cap of $10.54 billion, a P/E ratio of -14.92 and a beta of 1.51. The firm has a 50-day moving average price of $20.10 and a 200 day moving average price of $19.74.

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be given a dividend of $0.65 per share. The ex-dividend date is Monday, September 30th. This represents a $2.60 annualized dividend and a yield of 13.28%. Annaly Capital Management’s dividend payout ratio (DPR) is presently -195.49%.

Insiders Place Their Bets

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the business’s 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 transaction, the chief executive officer now owns 612,469 shares in the company, valued at $12,280,003.45. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NLY. JPMorgan Chase & Co. reduced their price objective on Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Friday. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. Wells Fargo & Company upgraded shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $19.00 to $23.00 in a research note on Friday, September 20th. Compass Point lifted their price target 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. Finally, StockNews.com downgraded shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.38.

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.