Annaly Capital Management (NYSE:NLY) Announces Earnings Results

Annaly Capital Management (NYSE:NLY) issued its quarterly earnings results on Wednesday. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.02, Yahoo Finance reports. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $318.00 million. Annaly Capital Management had a negative net margin of 8.38% and a positive return on equity of 15.13%. During the same quarter in the prior year, the business posted $0.72 EPS.

Annaly Capital Management Trading Down 1.4 %

NLY traded down $0.28 during midday trading on Thursday, hitting $19.62. 4,772,015 shares of the company traded hands, compared to its average volume of 3,562,008. The company has a market capitalization of $9.82 billion, a price-to-earnings ratio of -20.23 and a beta of 1.54. Annaly Capital Management has a 52-week low of $14.52 and a 52-week high of $21.07. The business has a 50 day simple moving average of $19.76 and a two-hundred day simple moving average of $19.41.

Annaly Capital Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 13.25%. The ex-dividend date of this dividend is Friday, June 28th. Annaly Capital Management’s payout ratio is -268.04%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NLY. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, April 18th. Janney Montgomery Scott began coverage on shares of Annaly Capital Management in a research note on Thursday, June 6th. They issued a “buy” rating and a $21.00 price objective on the stock. StockNews.com upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating in a research note on Thursday, July 11th. JPMorgan Chase & Co. increased their price objective on shares of Annaly Capital Management from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Finally, Compass Point began coverage on shares of Annaly Capital Management in a research note on Tuesday, April 2nd. They issued a “buy” rating and a $22.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.06.

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.