Zacks: Brokerages Anticipate ANNALY CAP MGMT/SH (NLY) to Announce $0.29 EPS

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Brokerages forecast that ANNALY CAP MGMT/SH (NYSE:NLY) will post $0.29 earnings per share for the current quarter, Zacks reports. Zero analysts have issued estimates for ANNALY CAP MGMT/SH’s earnings. ANNALY CAP MGMT/SH posted earnings of $0.30 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 3.3%. The company is scheduled to issue its next quarterly earnings report on Wednesday, May 1st.

On average, analysts expect that ANNALY CAP MGMT/SH will report full-year earnings of $1.17 per share for the current fiscal year, with EPS estimates ranging from $1.16 to $1.18. For the next year, analysts forecast that the company will post earnings of $1.18 per share, with EPS estimates ranging from $1.15 to $1.20. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover ANNALY CAP MGMT/SH.

ANNALY CAP MGMT/SH (NYSE:NLY) last posted its earnings results on Wednesday, February 13th. The real estate investment trust reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.01. The company had revenue of $272.90 million for the quarter, compared to analyst estimates of $383.65 million. ANNALY CAP MGMT/SH had a return on equity of 12.39% and a net margin of 1.98%. During the same quarter in the prior year, the company earned $0.31 earnings per share.

Several analysts have weighed in on the company. Nomura assumed coverage on ANNALY CAP MGMT/SH in a report on Wednesday, March 27th. They issued a “buy” rating and a $11.00 target price on the stock. Barclays reissued a “buy” rating and issued a $11.00 target price on shares of ANNALY CAP MGMT/SH in a report on Thursday, February 21st. TheStreet lowered ANNALY CAP MGMT/SH from a “b-” rating to a “c” rating in a report on Friday, February 15th. Zacks Investment Research lowered ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a report on Friday, February 8th. Finally, JPMorgan Chase & Co. raised ANNALY CAP MGMT/SH from a “neutral” rating to an “overweight” rating and upped their target price for the company from $10.00 to $10.50 in a report on Wednesday, January 16th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $10.83.

Several large investors have recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of ANNALY CAP MGMT/SH by 12.6% in the fourth quarter. BlackRock Inc. now owns 120,128,838 shares of the real estate investment trust’s stock valued at $1,179,664,000 after acquiring an additional 13,472,763 shares in the last quarter. Vanguard Group Inc lifted its position in shares of ANNALY CAP MGMT/SH by 11.9% in the third quarter. Vanguard Group Inc now owns 110,696,881 shares of the real estate investment trust’s stock valued at $1,132,428,000 after acquiring an additional 11,751,750 shares in the last quarter. FMR LLC lifted its position in shares of ANNALY CAP MGMT/SH by 3.6% in the fourth quarter. FMR LLC now owns 34,529,873 shares of the real estate investment trust’s stock valued at $339,083,000 after acquiring an additional 1,191,260 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of ANNALY CAP MGMT/SH by 16.7% in the fourth quarter. Geode Capital Management LLC now owns 18,578,022 shares of the real estate investment trust’s stock valued at $182,534,000 after acquiring an additional 2,661,206 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of ANNALY CAP MGMT/SH in the fourth quarter valued at $133,161,000. Institutional investors and hedge funds own 53.78% of the company’s stock.

ANNALY CAP MGMT/SH stock opened at $10.02 on Tuesday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $14.04 billion, a price-to-earnings ratio of 8.35 and a beta of 0.24. ANNALY CAP MGMT/SH has a fifty-two week low of $9.57 and a fifty-two week high of $10.78.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, March 29th will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.20 annualized dividend and a dividend yield of 11.98%. ANNALY CAP MGMT/SH’s dividend payout ratio is currently 100.00%.

ANNALY CAP MGMT/SH Company Profile

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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