Annaly Capital Management (NYSE:NLY) Posts Earnings Results

Annaly Capital Management (NYSE:NLY) released its quarterly earnings results on Thursday. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, hitting 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 positive return on equity of 15.13% and a negative net margin of 8.38%. During the same quarter in the prior year, the company posted $0.81 EPS.

Annaly Capital Management Price Performance

NYSE:NLY traded up $0.19 during mid-day trading on Friday, hitting $18.88. The company’s stock had a trading volume of 4,947,414 shares, compared to its average volume of 2,951,652. The company has a current ratio of 0.10, a quick ratio of 1.22 and a debt-to-equity ratio of 1.58. The stock has a fifty day moving average of $19.11 and a 200-day moving average of $18.62. The company has a market capitalization of $9.45 billion, a price-to-earnings ratio of -19.46 and a beta of 1.54. Annaly Capital Management has a fifty-two week low of $14.52 and a fifty-two week high of $21.07.

Annaly Capital Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be paid a $0.65 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $2.60 dividend on an annualized basis and a yield of 13.77%. Annaly Capital Management’s payout ratio is currently -268.04%.

Insider Activity at Annaly Capital Management

In related news, CEO David L. Finkelstein sold 50,000 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $19.03, for a total transaction of $951,500.00. Following the sale, the chief executive officer now directly owns 662,469 shares in the company, valued at approximately $12,606,785.07. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.21% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NLY. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, April 18th. Jonestrading restated a “buy” rating and set a $21.00 target price on shares of Annaly Capital Management in a research note on Thursday. Compass Point started coverage on Annaly Capital Management in a research report on Tuesday, April 2nd. They issued a “buy” rating and a $22.00 price target on the stock. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $21.50 price objective on shares of Annaly Capital Management in a research report on Wednesday, March 27th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $21.00 price objective on shares of Annaly Capital Management in a research note on Monday, February 12th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.