Annaly Capital Management (NYSE:NLY) Issues Earnings Results

Annaly Capital Management (NYSE:NLY - Get Free Report) issued its quarterly earnings results on Wednesday. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01), Yahoo Finance reports. Annaly Capital Management had a negative net margin of 12.02% and a positive return on equity of 15.24%. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $212.00 million. During the same quarter in the previous year, the firm posted $0.66 earnings per share.

Annaly Capital Management Stock Down 1.2 %

Shares of NYSE NLY traded down $0.23 during trading on Friday, reaching $19.47. The company had a trading volume of 5,519,914 shares, compared to its average volume of 4,057,654. Annaly Capital Management has a 12-month low of $14.52 and a 12-month high of $21.11. The business's 50-day moving average is $20.09 and its 200 day moving average is $19.74. The stock has a market cap of $10.48 billion, a PE ratio of -14.64 and a beta of 1.51.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 13.35%. The ex-dividend date is Monday, September 30th. Annaly Capital Management's payout ratio is -195.49%.

Insider Buying and Selling

In related news, CEO David L. Finkelstein sold 50,000 shares of the company's stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $20.05, for a total value of $1,002,500.00. Following the transaction, the chief executive officer now directly owns 612,469 shares of the company's stock, valued at approximately $12,280,003.45. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.21% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NLY. JPMorgan Chase & Co. cut their target price on shares of Annaly Capital Management from $22.00 to $21.00 and set an "overweight" rating for the company in a research note on Friday. JMP Securities reiterated a "market perform" rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. Wells Fargo & Company raised shares of Annaly Capital Management from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $19.00 to $23.00 in a research note on Friday, September 20th. StockNews.com cut shares of Annaly Capital Management from a "buy" rating to a "hold" rating in a report on Thursday, July 25th. Finally, Compass Point raised their price target on shares of Annaly Capital Management from $22.00 to $23.50 and gave the company a "buy" rating in a research report on Friday, July 26th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Annaly Capital Management currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.38.

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.