Annaly Capital Management (NYSE:NLY – Get Free Report) announced its quarterly earnings data on Wednesday. The real estate investment trust reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01), Yahoo Finance reports. Annaly Capital Management had a negative net margin of 12.02% and a positive return on equity of 15.24%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $212.00 million. During the same quarter in the previous year, the business earned $0.66 EPS.
Annaly Capital Management Price Performance
NLY stock traded down $0.21 during midday trading on Friday, hitting $19.49. The stock had a trading volume of 5,448,718 shares, compared to its average volume of 4,057,342. The firm has a market cap of $10.49 billion, a PE ratio of -14.92 and a beta of 1.51. Annaly Capital Management has a 12-month low of $14.52 and a 12-month high of $21.11. The company’s 50-day moving average price is $20.10 and its 200 day moving average price is $19.74.
Annaly Capital Management Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be paid a $0.65 dividend. The ex-dividend date is Monday, September 30th. This represents a $2.60 annualized dividend and a yield of 13.34%. Annaly Capital Management’s payout ratio is currently -195.49%.
Wall Street Analyst Weigh In
Get Our Latest Stock Analysis on NLY
Insiders Place Their Bets
In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of Annaly Capital Management stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $20.05, for a total value of $1,002,500.00. Following the completion of the sale, the chief executive officer now directly owns 612,469 shares of the company’s stock, valued at approximately $12,280,003.45. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.21% of the stock is owned by corporate insiders.
About Annaly Capital Management
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.
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