Annaly Capital Management (NYSE:NLY) Announces Earnings Results, Meets Estimates

Annaly Capital Management (NYSE:NLY) issued its quarterly earnings data on Thursday. The real estate investment trust reported $0.64 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.64, Yahoo Finance reports. Annaly Capital Management had a positive return on equity of 15.20% and a negative net margin of 8.38%. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $320.00 million. During the same quarter last year, the firm earned $0.81 EPS.

Annaly Capital Management Stock Up 0.6 %

Annaly Capital Management stock opened at $18.69 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $9.35 billion, a P/E ratio of -19.27 and a beta of 1.54. Annaly Capital Management has a 1-year low of $14.52 and a 1-year high of $21.07. The firm’s fifty day simple moving average is $19.10 and its 200-day simple moving average is $18.62.

Annaly Capital Management Dividend Announcement

The company also recently declared 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 of this dividend is Wednesday, March 27th. This represents a $2.60 annualized dividend and a dividend yield of 13.91%. Annaly Capital Management’s payout ratio is -268.04%.

Insiders Place Their Bets

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 completion of the sale, the chief executive officer now owns 662,469 shares in the company, valued at approximately $12,606,785.07. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

NLY has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $21.50 price target on shares of Annaly Capital Management in a report on Wednesday, March 27th. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, April 18th. StockNews.com upgraded shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Saturday, January 27th. Compass Point initiated coverage on shares of Annaly Capital Management in a report on Tuesday, April 2nd. They issued a “buy” rating and a $22.00 price target for the company. Finally, Jonestrading reiterated a “buy” rating and issued a $21.00 target price on shares of Annaly Capital Management in a research note on Thursday. Three investment 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, Annaly Capital Management has a consensus rating of “Moderate Buy” and an average 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.