Annaly Capital Management (NYSE:NLY) Announces Earnings Results

Annaly Capital Management (NYSE:NLY) issued its quarterly earnings results on Thursday. The real estate investment trust reported $0.64 EPS for the quarter, meeting analysts’ consensus estimates of $0.64, Yahoo Finance reports. Annaly Capital Management had a negative net margin of 8.38% and a positive return on equity of 15.13%. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $320.00 million. During the same period last year, the business earned $0.81 earnings per share.

Annaly Capital Management Stock Up 1.0 %

Annaly Capital Management stock traded up $0.19 on Friday, hitting $18.88. 4,947,414 shares of the stock traded hands, compared to its average volume of 2,951,652. The company has a current ratio of 0.10, a quick ratio of 1.22 and a debt-to-equity ratio of 1.58. The firm has a market cap of $9.45 billion, a P/E ratio of -19.46 and a beta of 1.54. The business’s fifty day simple moving average is $19.11 and its 200 day simple moving average is $18.62. Annaly Capital Management has a 1 year low of $14.52 and a 1 year high of $21.07.

Annaly Capital Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 13.77%. The ex-dividend date is Wednesday, March 27th. Annaly Capital Management’s dividend payout ratio is currently -268.04%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NLY. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $21.50 price objective on shares of Annaly Capital Management in a research note on Wednesday, March 27th. Compass Point began coverage on Annaly Capital Management in a research note on Tuesday, April 2nd. They set a “buy” rating and a $22.00 price objective for the company. Royal Bank of Canada reissued an “outperform” rating and set a $21.00 price objective on shares of Annaly Capital Management in a research note on Monday, February 12th. StockNews.com raised Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Saturday, January 27th. Finally, Jonestrading reaffirmed a “buy” rating and issued a $21.00 price target on shares of Annaly Capital Management in a research note on Thursday. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $21.07.

Insider Buying and Selling at Annaly Capital Management

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 662,469 shares of the company’s stock, valued at $12,606,785.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.21% of the company’s stock.

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.