Annaly Capital Management (NLY) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Annaly Capital Management (NYSE:NLY) released its quarterly earnings results on Wednesday. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.01, Bloomberg Earnings reports. Annaly Capital Management had a return on equity of 11.59% and a net margin of 104.56%. The company had revenue of $426.71 million during the quarter, compared to the consensus estimate of $370.80 million. During the same quarter in the prior year, the company posted $0.30 EPS. The firm’s revenue was down 31.6% on a year-over-year basis.

Annaly Capital Management (NYSE:NLY) opened at $10.38 on Thursday. Annaly Capital Management has a twelve month low of $10.03 and a twelve month high of $12.73. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $12,117.22, a P/E ratio of 4.15, a PEG ratio of 1.93 and a beta of 0.05.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th were issued a $0.30 dividend. The ex-dividend date was Thursday, December 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 11.56%. Annaly Capital Management’s payout ratio is presently 48.00%.

Several equities analysts recently weighed in on the company. Compass Point raised Annaly Capital Management from a “sell” rating to a “neutral” rating in a research report on Tuesday. Bank of America raised Annaly Capital Management from an “underperform” rating to a “neutral” rating in a research report on Thursday, February 1st. Zacks Investment Research cut Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, ValuEngine cut Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 26th. Six equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $12.21.

In related news, Chairman Wellington Denahan bought 125,280 shares of the company’s stock in a transaction dated Thursday, December 7th. The stock was acquired at an average cost of $11.97 per share, with a total value of $1,499,601.60. Following the acquisition, the chairman now owns 1,798,414 shares in the company, valued at approximately $21,527,015.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Glenn Votek bought 25,000 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was bought at an average cost of $11.73 per share, with a total value of $293,250.00. The disclosure for this purchase can be found here. Corporate insiders own 0.43% of the company’s stock.

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Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a mortgage real estate investment trust (REIT). The Company owns a portfolio of real estate related investments. Its investment groups primarily consist of Agency, which invests primarily in various types of Agency mortgage-backed securities and related derivatives to hedge these investments; Residential credit, which invests primarily in non-Agency mortgage-backed assets within securitized products and residential mortgage loan markets; Commercial real estate, which originates and invests in commercial mortgage loans, securities, and other commercial real estate investments, and Middle market, which provides customized debt financing to middle-market businesses.

Earnings History for Annaly Capital Management (NYSE:NLY)

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