Annaly Capital Management Inc (NLY) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS
Annaly Capital Management Inc (NYSE:NLY) issued its quarterly earnings data on Wednesday. The real estate investment trust reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01, Bloomberg Earnings reports. Annaly Capital Management had a net margin of 104.56% and a return on equity of 11.85%. The firm had revenue of $353.61 million for the quarter, compared to analyst estimates of $361.67 million. During the same quarter in the prior year, the firm earned $0.29 EPS. The company’s revenue was up 12.2% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 10.63%. The ex-dividend date of this dividend was Thursday, September 28th. Annaly Capital Management’s dividend payout ratio (DPR) is presently 48.00%.
In related news, Director Donnell Segalas bought 8,000 shares of Annaly Capital Management stock in a transaction that occurred on Monday, August 7th. The shares were acquired at an average cost of $12.09 per share, for a total transaction of $96,720.00. Following the completion of the acquisition, the director now directly owns 84,150 shares of the company’s stock, valued at approximately $1,017,373.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Francine J. Bovich bought 13,500 shares of Annaly Capital Management stock in a transaction that occurred on Thursday, August 17th. The stock was bought at an average price of $12.29 per share, for a total transaction of $165,915.00. Following the completion of the acquisition, the director now directly owns 13,500 shares of the company’s stock, valued at $165,915. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 139,200 shares of company stock worth $1,726,513. Company insiders own 0.43% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This article was first published by Watch List News and is owned by of Watch List News. If you are reading this article on another website, it was illegally stolen and reposted in violation of international trademark & copyright laws. The legal version of this article can be accessed at https://www.watchlistnews.com/annaly-capital-management-inc-nly-posts-quarterly-earnings-results-beats-expectations-by-0-01-eps/1675217.html.
A number of equities research analysts have commented on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and set a $11.25 price objective on shares of Annaly Capital Management in a report on Thursday, August 3rd. BidaskClub raised shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Zacks Investment Research lowered shares of Annaly Capital Management from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, ValuEngine lowered shares of Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Annaly Capital Management presently has a consensus rating of “Hold” and a consensus target price of $11.69.
Annaly Capital Management Company Profile
Annaly Capital Management, Inc is a mortgage real estate investment trust (REIT). The Company owns a portfolio of real estate related investments. Its investment groups primarily consist of Agency, which invests primarily in various types of Agency mortgage-backed securities and related derivatives to hedge these investments; Residential credit, which invests primarily in non-Agency mortgage-backed assets within securitized products and residential mortgage loan markets; Commercial real estate, which originates and invests in commercial mortgage loans, securities, and other commercial real estate investments, and Middle market, which provides customized debt financing to middle-market businesses.
Receive News & Ratings for Annaly Capital Management Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Annaly Capital Management Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.