Annaly Capital Management (NYSE:NLY) Posts Earnings Results

Annaly Capital Management (NYSE:NLY) issued its quarterly earnings results on Wednesday. The real estate investment trust reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05, Zacks reports. Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%.

Annaly Capital Management Stock Down 0.5 %

Shares of Annaly Capital Management stock traded down $0.11 during trading hours on Wednesday, hitting $19.80. 6,205,808 shares of the company’s stock traded hands, compared to its average volume of 6,332,734. The stock has a 50 day simple moving average of $19.25 and a 200-day simple moving average of $19.70. The company has a market cap of $11.10 billion, a PE ratio of -282.79 and a beta of 1.51. Annaly Capital Management has a twelve month low of $17.67 and a twelve month high of $21.11.

Annaly Capital Management Dividend Announcement

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

Analyst Upgrades and Downgrades

NLY has been the topic of a number of recent analyst reports. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Royal Bank of Canada upped their price objective on Annaly Capital Management from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Monday. Argus upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Thursday, October 31st. JPMorgan Chase & Co. dropped their price objective on Annaly Capital Management from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Finally, Barclays initiated coverage on Annaly Capital Management in a report on Monday, January 6th. They set an “equal weight” rating and a $19.00 price objective for the company. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.22.

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.