Annaly Capital Management Inc (NYSE:NLY) Declares Quarterly Dividend of $0.70

Annaly Capital Management Inc (NYSE:NLY) announced a quarterly dividend on Wednesday, September 10th, RTT News reports. Investors of record on Tuesday, September 30th will be paid a dividend of 0.70 per share by the real estate investment trust on Friday, October 31st. This represents a c) dividend on an annualized basis and a yield of 13.3%. The ex-dividend date is Tuesday, September 30th.

Annaly Capital Management has a dividend payout ratio of 96.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Annaly Capital Management to earn $2.78 per share next year, which means the company may not be able to cover its $2.80 annual dividend with an expected future payout ratio of 100.7%.

Annaly Capital Management Price Performance

Shares of NLY stock opened at $21.03 on Friday. Annaly Capital Management has a 1-year low of $16.59 and a 1-year high of $22.45. The stock’s 50-day moving average is $21.06 and its 200 day moving average is $19.97. The company has a market cap of $13.50 billion, a P/E ratio of 20.82, a PEG ratio of 4.99 and a beta of 1.24. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%.The company had revenue of $273.20 million for the quarter, compared to the consensus estimate of $237.00 million. Research analysts predict that Annaly Capital Management will post 2.81 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Annaly Capital Management

Institutional investors and hedge funds have recently modified their holdings of the company. Corient Private Wealth LLC grew its stake in Annaly Capital Management by 68.3% during the 2nd quarter. Corient Private Wealth LLC now owns 67,371 shares of the real estate investment trust’s stock worth $1,268,000 after purchasing an additional 27,346 shares in the last quarter. Valeo Financial Advisors LLC acquired a new position in Annaly Capital Management during the 2nd quarter worth $189,000. NWF Advisory Services Inc. grew its stake in Annaly Capital Management by 11.4% during the 2nd quarter. NWF Advisory Services Inc. now owns 13,394 shares of the real estate investment trust’s stock worth $252,000 after purchasing an additional 1,373 shares in the last quarter. Osaic Holdings Inc. grew its stake in Annaly Capital Management by 8.4% during the 2nd quarter. Osaic Holdings Inc. now owns 723,894 shares of the real estate investment trust’s stock worth $13,655,000 after purchasing an additional 56,183 shares in the last quarter. Finally, Evolution Wealth Management Inc. acquired a new position in Annaly Capital Management during the 2nd quarter worth $29,000. Hedge funds and other institutional investors own 51.56% of the company’s stock.

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.