ANNALY Cap Mgmt/SH (NLY) Expected to Post Earnings of $0.29 Per Share

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Brokerages predict that ANNALY Cap Mgmt/SH (NYSE:NLY) will post earnings of $0.29 per share for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for ANNALY Cap Mgmt/SH’s earnings, with the lowest EPS estimate coming in at $0.29 and the highest estimate coming in at $0.30. ANNALY Cap Mgmt/SH posted earnings of $0.30 per share during the same quarter last year, which suggests a negative year over year growth rate of 3.3%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, November 7th.

According to Zacks, analysts expect that ANNALY Cap Mgmt/SH will report full-year earnings of $1.19 per share for the current financial year, with EPS estimates ranging from $1.18 to $1.20. For the next fiscal year, analysts anticipate that the business will report earnings of $1.18 per share, with EPS estimates ranging from $1.12 to $1.23. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover ANNALY Cap Mgmt/SH.

ANNALY Cap Mgmt/SH (NYSE:NLY) last released its quarterly earnings results on Wednesday, August 1st. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The company had revenue of $334.11 million for the quarter, compared to analysts’ expectations of $330.95 million. ANNALY Cap Mgmt/SH had a return on equity of 12.10% and a net margin of 112.29%. During the same period in the previous year, the business posted $0.30 earnings per share.

A number of analysts recently issued reports on NLY shares. Zacks Investment Research lowered shares of ANNALY Cap Mgmt/SH from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th. JPMorgan Chase & Co. lowered their price objective on ANNALY Cap Mgmt/SH from $10.50 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, May 22nd. ValuEngine cut ANNALY Cap Mgmt/SH from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd. Finally, Deutsche Bank lowered their price objective on ANNALY Cap Mgmt/SH from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Thursday, May 3rd. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $11.50.

Hedge funds and other institutional investors have recently modified their holdings of the company. TCI Wealth Advisors Inc. boosted its holdings in shares of ANNALY Cap Mgmt/SH by 165.5% during the 1st quarter. TCI Wealth Advisors Inc. now owns 9,626 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 6,000 shares in the last quarter. Mycio Wealth Partners LLC bought a new position in shares of ANNALY Cap Mgmt/SH in the second quarter worth about $103,000. Summit Securities Group LLC bought a new position in ANNALY Cap Mgmt/SH during the first quarter valued at approximately $107,000. FormulaFolio Investments LLC bought a new position in ANNALY Cap Mgmt/SH during the second quarter valued at approximately $107,000. Finally, O Dell Group LLC bought a new position in ANNALY Cap Mgmt/SH during the second quarter valued at approximately $107,000. 56.78% of the stock is currently owned by institutional investors.

ANNALY Cap Mgmt/SH traded down $0.04, reaching $10.42, on Friday, according to MarketBeat Ratings. The stock had a trading volume of 9,880,148 shares, compared to its average volume of 8,921,944. The firm has a market cap of $12.20 billion, a price-to-earnings ratio of 8.54 and a beta of 0.11. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.23. ANNALY Cap Mgmt/SH has a 12-month low of $9.94 and a 12-month high of $12.58.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 31st. Shareholders of record on Friday, June 29th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 11.52%. The ex-dividend date was Thursday, June 28th. ANNALY Cap Mgmt/SH’s payout ratio is presently 98.36%.

About ANNALY Cap Mgmt/SH

Annaly Capital Management, Inc, a diversified capital manager, invests in and finances residential and commercial assets. The company invests in various types of agency mortgage-backed securities, non-agency residential mortgage assets, and residential mortgage loans; and originates and invests in commercial mortgage loans, securities, and other commercial real estate investments.

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