Annaly Capital Management Inc (NYSE:NLY) Plans Quarterly Dividend of $0.75

Annaly Capital Management Inc (NYSE:NLY) announced a quarterly dividend on Wednesday, September 9th. Shareholders of record on Wednesday, September 30th will be given a dividend of 0.75 per share by the real estate investment trust on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 13.3%. The ex-dividend date is Wednesday, September 30th.

Annaly Capital Management has decreased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 2 years. Annaly Capital Management has a dividend payout ratio of 103.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Annaly Capital Management to earn $3.08 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 97.4%.

Annaly Capital Management Stock Down 0.6%

Shares of NLY opened at $22.59 on Thursday. Annaly Capital Management has a 12 month low of $20.00 and a 12 month high of $24.52. The company’s fifty day moving average is $22.91 and its 200-day moving average is $22.38. The firm has a market cap of $17.03 billion, a price-to-earnings ratio of 5.66, a price-to-earnings-growth ratio of 1.79 and a beta of 1.16.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.04. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $639.80 million. Annaly Capital Management had a return on equity of 16.00% and a net margin of 43.66%. As a group, research analysts predict that Annaly Capital Management will post 3.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System increased its holdings in shares of Annaly Capital Management by 1,703.7% during the 2nd quarter. California State Teachers Retirement System now owns 29,412,858 shares of the real estate investment trust’s stock worth $657,672,000 after purchasing an additional 27,782,188 shares during the period. Norges Bank bought a new stake in shares of Annaly Capital Management in the fourth quarter valued at about $162,477,000. BlackRock Inc. lifted its stake in shares of Annaly Capital Management by 6.7% in the second quarter. BlackRock Inc. now owns 87,219,586 shares of the real estate investment trust’s stock valued at $1,950,230,000 after buying an additional 5,485,296 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Annaly Capital Management by 394.1% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,374,696 shares of the real estate investment trust’s stock worth $108,623,000 after buying an additional 4,286,893 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Annaly Capital Management by 833.6% during the first quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust’s stock worth $59,318,000 after buying an additional 2,607,784 shares in the last quarter. 51.56% of the stock is owned by institutional investors.

About Annaly Capital Management

Annaly Capital Management, Inc is a Maryland-based mortgage real estate investment trust that invests in and manages a portfolio of mortgage-related assets. The company’s primary business is providing capital to the U.S. housing market through investments in agency mortgage-backed securities, which are guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae.

In addition to agency securities, Annaly invests in residential credit assets and mortgage servicing rights. These investments provide exposure to different segments of the residential mortgage market, while the company uses financing, hedging and portfolio management strategies to manage interest-rate and other market risks.

Founded in 1996, Annaly primarily operates in the United States and is internally managed.