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

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

Annaly Capital Management Price Performance

NYSE NLY traded up $0.19 during trading hours on Friday, reaching $18.88. The company’s stock had a trading volume of 4,947,414 shares, compared to its average volume of 2,951,652. Annaly Capital Management has a 1 year low of $14.52 and a 1 year high of $21.07. The company has a quick ratio of 1.22, a current ratio of 0.10 and a debt-to-equity ratio of 1.58. The company has a market capitalization of $9.45 billion, a price-to-earnings ratio of -19.46 and a beta of 1.54. The firm’s 50-day moving average price is $19.11 and its 200-day moving average price is $18.62.

Annaly Capital Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors 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 dividend yield of 13.77%. The ex-dividend date is Wednesday, March 27th. Annaly Capital Management’s dividend payout ratio is currently -268.04%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Compass Point initiated coverage on shares of Annaly Capital Management in a report on Tuesday, April 2nd. They issued a “buy” rating and a $22.00 price objective on the stock. Jonestrading restated a “buy” rating and issued a $21.00 price objective on shares of Annaly Capital Management in a research note on Thursday. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $21.50 target price on shares of Annaly Capital Management in a report on Wednesday, March 27th. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, April 18th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $21.00 price objective on shares of Annaly Capital Management in a research note on Monday, February 12th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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 Annaly Capital Management stock in a transaction on Monday, February 12th. The shares were sold at an average price of $19.03, for a total value of $951,500.00. Following the sale, the chief executive officer now directly owns 662,469 shares in the company, valued at approximately $12,606,785.07. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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.