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

Annaly Capital Management (NYSE:NLY) issued its quarterly earnings results on Wednesday. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.05, Zacks reports. Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%.

Annaly Capital Management Trading Down 0.5 %

Shares of NYSE:NLY traded down $0.11 during trading on Wednesday, hitting $19.80. 6,205,808 shares of the stock were exchanged, compared to its average volume of 6,332,734. The company has a fifty day moving average price of $19.25 and a two-hundred day moving average price of $19.70. The company has a market cap of $11.10 billion, a PE ratio of -282.79 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.

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 dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 13.13%. The ex-dividend date of this dividend is Tuesday, December 31st. Annaly Capital Management’s dividend payout ratio (DPR) is -3,714.29%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Argus upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Thursday, October 31st. Barclays assumed coverage on Annaly Capital Management in a research report on Monday, January 6th. They set an “equal weight” rating and a $19.00 target price on the stock. JPMorgan Chase & Co. dropped their target price on Annaly Capital Management from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Finally, Royal Bank of Canada boosted their target price on Annaly Capital Management from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Monday. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Annaly Capital Management currently has an average rating of “Moderate Buy” and a consensus price target 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.