Annaly Capital Management (NYSE:NLY) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Annaly Capital Management (NYSE:NLY) announced its quarterly earnings results on Wednesday. The real estate investment trust reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.02, Yahoo Finance reports. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $318.00 million. Annaly Capital Management had a positive return on equity of 15.13% and a negative net margin of 8.38%. During the same period last year, the business earned $0.72 earnings per share.

Annaly Capital Management Stock Performance

Shares of NYSE:NLY traded down $0.28 during trading on Thursday, reaching $19.62. The stock had a trading volume of 4,772,015 shares, compared to its average volume of 3,562,008. The business has a fifty day moving average price of $19.76 and a 200-day moving average price of $19.41. The stock has a market cap of $9.82 billion, a PE ratio of -20.23 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.

Annaly Capital Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.25%. The ex-dividend date of this dividend is Friday, June 28th. Annaly Capital Management’s dividend payout ratio is presently -268.04%.

Analyst Upgrades and Downgrades

NLY has been the subject of several recent research reports. Janney Montgomery Scott initiated coverage on Annaly Capital Management in a research report on Thursday, June 6th. They set a “buy” rating and a $21.00 price target for the company. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $21.50 price objective on shares of Annaly Capital Management in a research report on Wednesday, March 27th. Compass Point began coverage on Annaly Capital Management in a research report on Tuesday, April 2nd. They issued a “buy” rating and a $22.00 price objective for the company. StockNews.com upgraded Annaly Capital Management from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. Finally, JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, April 18th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.06.

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.