Annaly Capital Management (NYSE:NLY) Releases Quarterly Earnings Results, Hits Estimates

Annaly Capital Management (NYSE:NLY) announced its earnings results on Thursday. The real estate investment trust reported $0.64 earnings per share for the quarter, meeting the consensus estimate of $0.64, Yahoo Finance reports. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $320.00 million. Annaly Capital Management had a negative net margin of 44.03% and a positive return on equity of 15.67%. During the same period last year, the firm earned $0.81 earnings per share.

Annaly Capital Management Stock Performance

Shares of NYSE NLY traded up $0.21 during midday trading on Thursday, reaching $18.79. 2,821,073 shares of the stock were exchanged, compared to its average volume of 3,547,445. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.40. The firm has a 50-day simple moving average of $19.11 and a two-hundred day simple moving average of $18.62. Annaly Capital Management has a twelve month low of $14.52 and a twelve month high of $21.07. The firm has a market cap of $9.40 billion, a price-to-earnings ratio of -5.19 and a beta of 1.54.

Annaly Capital Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be given a $0.65 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $2.60 annualized dividend and a yield of 13.84%. Annaly Capital Management’s dividend payout ratio is presently -72.02%.

Insider Activity at Annaly Capital Management

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of Annaly Capital Management stock in a transaction on Monday, February 12th. The shares were sold at an average price of $19.03, for a total value of $951,500.00. Following the completion of the transaction, the chief executive officer now owns 662,469 shares of the company’s stock, valued at $12,606,785.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on NLY. Jonestrading boosted their target price on Annaly Capital Management from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, April 18th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $21.50 target price on shares of Annaly Capital Management in a research report on Wednesday, March 27th. Royal Bank of Canada reissued an “outperform” rating and issued a $21.00 price objective on shares of Annaly Capital Management in a report on Monday, February 12th. Finally, StockNews.com raised Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, January 27th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Annaly Capital Management has an average rating of “Moderate Buy” and a consensus price target of $21.07.

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.