Annaly Capital Management (NYSE:NLY) Posts Quarterly Earnings Results, Hits Estimates

Annaly Capital Management (NYSE:NLY) announced its earnings results on Thursday. The real estate investment trust reported $0.64 EPS for the quarter, meeting analysts’ consensus estimates of $0.64, Yahoo Finance reports. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate 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 quarter in the prior year, the company earned $0.81 earnings per share.

Annaly Capital Management Stock Up 1.0 %

Annaly Capital Management stock traded up $0.19 during trading hours on Friday, hitting $18.88. The stock had a trading volume of 4,947,414 shares, compared to its average volume of 2,951,652. The stock’s 50-day moving average price is $19.11 and its 200-day moving average price is $18.62. The stock has a market capitalization of $9.45 billion, a P/E ratio of -19.46 and a beta of 1.54. Annaly Capital Management has a 12-month low of $14.52 and a 12-month 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.

Annaly Capital Management Dividend Announcement

The company also recently disclosed 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 yield of 13.77%. The ex-dividend date is Wednesday, March 27th. Annaly Capital Management’s dividend payout ratio (DPR) is -268.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on NLY shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $21.00 target price on shares of Annaly Capital Management in a research note on Monday, February 12th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $21.50 price objective on shares of Annaly Capital Management in a research report on Wednesday, March 27th. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, April 18th. Jonestrading reiterated a “buy” rating and issued a $21.00 price target on shares of Annaly Capital Management in a research note on Thursday. Finally, StockNews.com raised shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Saturday, January 27th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.07.

Insider Activity

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 stock was sold at an average price of $19.03, for a total value of $951,500.00. Following the completion of the sale, the chief executive officer now owns 662,469 shares of the company’s stock, valued at approximately $12,606,785.07. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.21% of the company’s stock.

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.