Annaly Capital Management (NYSE:NLY) Posts Quarterly Earnings Results, Meets Estimates

Annaly Capital Management (NYSE:NLY) issued its earnings results on Thursday. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $320.00 million. During the same quarter last year, the company posted $0.81 earnings per share.

Annaly Capital Management Price Performance

Shares of NLY stock traded up $0.19 on Friday, reaching $18.88. 4,947,414 shares of the company were exchanged, compared to its average volume of 2,951,652. The company has a market cap of $9.45 billion, a price-to-earnings ratio of -19.46 and a beta of 1.54. The business has a 50-day moving average price of $19.11 and a 200 day moving average price of $18.62. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.22 and a current ratio of 0.10. 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.65 per share. The ex-dividend date is Wednesday, March 27th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.77%. Annaly Capital Management’s dividend payout ratio is currently -268.04%.

Analysts Set New Price Targets

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

Insider Transactions at Annaly Capital Management

In other news, CEO David L. Finkelstein sold 50,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $19.03, for a total transaction of $951,500.00. Following the completion of the sale, the chief executive officer now owns 662,469 shares of the company’s stock, valued at $12,606,785.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.21% of the company’s stock.

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.