ANNALY CAP MGMT/SH (NYSE:NLY) Announces Earnings Results

ANNALY CAP MGMT/SH (NYSE:NLY) issued its quarterly earnings results on Wednesday. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.01), reports. ANNALY CAP MGMT/SH had a positive return on equity of 12.14% and a negative net margin of 155.89%. The business had revenue of $177.38 million during the quarter, compared to analysts’ expectations of $402.00 million. During the same quarter in the previous year, the company posted $0.30 EPS.

Shares of ANNALY CAP MGMT/SH stock traded up $0.03 during trading on Friday, reaching $9.42. 15,680,010 shares of the stock traded hands, compared to its average volume of 10,535,217. The firm has a market cap of $13.91 billion, a P/E ratio of 7.85 and a beta of 0.39. The firm’s fifty day moving average price is $9.28. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.08 and a quick ratio of 0.08. ANNALY CAP MGMT/SH has a 52-week low of $8.74 and a 52-week high of $10.76.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, June 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.62%. ANNALY CAP MGMT/SH’s payout ratio is 100.00%.

In other news, CEO Kevin Keyes acquired 300,000 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was purchased at an average price of $9.62 per share, for a total transaction of $2,886,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,284,779 shares in the company, valued at approximately $12,359,573.98. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CIO David L. Finkelstein acquired 100,000 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were purchased at an average price of $9.56 per share, with a total value of $956,000.00. Following the transaction, the executive now owns 400,000 shares of the company’s stock, valued at $3,824,000. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 482,780 shares of company stock valued at $4,629,037. Company insiders own 0.34% of the company’s stock.

NLY has been the subject of a number of analyst reports. UBS Group initiated coverage on ANNALY CAP MGMT/SH in a research note on Friday, June 21st. They issued a “buy” rating and a $9.50 price target for the company. Zacks Investment Research upgraded ANNALY CAP MGMT/SH from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective for the company in a research report on Wednesday, April 24th. ValuEngine lowered ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. cut their price objective on ANNALY CAP MGMT/SH from $10.50 to $10.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, five have issued a buy rating and one has given a strong buy rating to the company. ANNALY CAP MGMT/SH presently has an average rating of “Buy” and a consensus price target of $10.67.


Annaly Capital Management, Inc, a diversified capital manager, invests in and finances residential and commercial assets. The company invests in various types of agency mortgage-backed securities, non-agency residential mortgage assets, and residential mortgage loans; and originates and invests in commercial mortgage loans, securities, and other commercial real estate investments.

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Earnings History for ANNALY CAP MGMT/SH (NYSE:NLY)

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