Brokerages forecast that Annaly Capital Management, Inc. (NYSE:NLY) will post $410.15 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Annaly Capital Management’s earnings, with estimates ranging from $393.00 million to $427.29 million. Annaly Capital Management posted sales of $447.32 million during the same quarter last year, which suggests a negative year over year growth rate of 8.3%. The company is expected to report its next earnings report on Wednesday, October 27th.
On average, analysts expect that Annaly Capital Management will report full-year sales of $1.80 billion for the current financial year, with estimates ranging from $1.78 billion to $1.82 billion. For the next fiscal year, analysts expect that the firm will report sales of $1.58 billion, with estimates ranging from $1.50 billion to $1.66 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Annaly Capital Management.
Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Tuesday, July 27th. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.03. Annaly Capital Management had a return on equity of 14.28% and a net margin of 149.66%. During the same quarter in the previous year, the firm posted $0.27 earnings per share.
Large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its position in shares of Annaly Capital Management by 214.9% in the second quarter. Goldman Sachs Group Inc. now owns 9,244,798 shares of the real estate investment trust’s stock valued at $82,095,000 after buying an additional 6,308,933 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Annaly Capital Management by 1,615.6% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,118,883 shares of the real estate investment trust’s stock worth $36,576,000 after purchasing an additional 3,878,792 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Annaly Capital Management by 1,513.9% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 4,094,857 shares of the real estate investment trust’s stock worth $36,362,000 after purchasing an additional 3,841,128 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in Annaly Capital Management by 855.5% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,111,476 shares of the real estate investment trust’s stock valued at $27,630,000 after buying an additional 2,785,846 shares during the period. Finally, Legal & General Group Plc raised its holdings in shares of Annaly Capital Management by 33.2% during the second quarter. Legal & General Group Plc now owns 10,779,519 shares of the real estate investment trust’s stock valued at $95,722,000 after purchasing an additional 2,688,642 shares during the period. Institutional investors and hedge funds own 42.40% of the company’s stock.
Shares of NLY opened at $8.62 on Tuesday. Annaly Capital Management has a 12-month low of $6.92 and a 12-month high of $9.64. The firm has a market capitalization of $12.45 billion, a price-to-earnings ratio of 3.75, a P/E/G ratio of 1.55 and a beta of 1.24. The stock’s 50-day moving average price is $8.55 and its 200 day moving average price is $8.83.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 29th. Stockholders of record on Thursday, September 30th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 10.21%. The ex-dividend date is Wednesday, September 29th. Annaly Capital Management’s payout ratio is 80.00%.
About Annaly Capital Management
Annaly Capital Management, Inc engages in the investment and financing of residential and commercial assets. It operates through the following investment groups: Agency, Residential Credit, Commercial Credit and Middle Market Lending. The Agency group invests in agency mortgage-backed securities. The Residential Credit group involves non-agency residential mortgage assets within securitized products and whole loan markets.
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