Annaly Capital Management (NYSE:NLY) Issues Earnings Results

Annaly Capital Management (NYSE:NLY - Get Free Report) announced its quarterly earnings data on Wednesday. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.05, Zacks reports. Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%.

Annaly Capital Management Price Performance

Shares of NLY traded down $0.11 during midday trading on Wednesday, hitting $19.80. The stock had a trading volume of 6,205,825 shares, compared to its average volume of 6,332,846. The firm has a market cap of $11.10 billion, a price-to-earnings ratio of -282.79 and a beta of 1.51. The company has a 50 day simple moving average of $19.25 and a two-hundred day simple moving average of $19.70. Annaly Capital Management has a twelve month low of $17.67 and a twelve month high of $21.11.

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 13.13%. The ex-dividend date of this dividend is Tuesday, December 31st. Annaly Capital Management's payout ratio is presently -3,714.29%.

Analyst Ratings Changes

NLY has been the topic of several analyst reports. Argus raised Annaly Capital Management from a "hold" rating to a "buy" rating and set a $21.00 target price on the stock in a research note on Thursday, October 31st. JMP Securities reiterated a "market perform" rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Annaly Capital Management from $20.00 to $19.00 and set an "overweight" rating for the company in a report on Tuesday, January 21st. Barclays started coverage on shares of Annaly Capital Management in a report on Monday, January 6th. They issued an "equal weight" rating and a $19.00 target price on the stock. Finally, Royal Bank of Canada boosted their price target on shares of Annaly Capital Management from $21.00 to $22.00 and gave the company an "outperform" rating in a report on Monday. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $21.22.

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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