Annaly Capital Management (NYSE:NLY) Issues Earnings Results

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

Annaly Capital Management Stock Performance

NYSE:NLY traded down $0.21 during mid-day trading on Friday, reaching $19.49. 5,447,310 shares of the company’s stock were exchanged, compared to its average volume of 4,057,335. Annaly Capital Management has a one year low of $14.52 and a one year high of $21.11. The firm has a market capitalization of $10.49 billion, a PE ratio of -14.92 and a beta of 1.51. The business’s fifty day simple moving average is $20.10 and its two-hundred day simple moving average is $19.74.

Annaly Capital Management Announces Dividend

The firm also recently declared 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. This represents a $2.60 dividend on an annualized basis and a 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 Buying and Selling

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $20.05, for a total value of $1,002,500.00. Following the transaction, the chief executive officer now directly owns 612,469 shares of the company’s stock, valued at $12,280,003.45. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.21% of the stock is owned by insiders.

Analysts Set New Price Targets

NLY has been the subject of a number of recent analyst reports. StockNews.com cut shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Wells Fargo & Company upgraded shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $19.00 to $23.00 in a research note on Friday, September 20th. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. JPMorgan Chase & Co. cut 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. Finally, Compass Point raised their target price on shares of Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a research note on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Annaly Capital Management presently has an average rating of “Moderate Buy” and a consensus 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.