Annaly Capital Management (NYSE:NLY) Releases Quarterly Earnings Results, Meets Expectations

Annaly Capital Management (NYSE:NLY) posted its earnings results on Thursday. The real estate investment trust reported $0.64 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.64, Yahoo Finance reports. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $320.00 million. Annaly Capital Management had a negative net margin of 8.38% and a positive return on equity of 15.13%. During the same period last year, the firm posted $0.81 earnings per share.

Annaly Capital Management Stock Up 1.0 %

Shares of Annaly Capital Management stock traded up $0.19 during trading on Friday, hitting $18.88. 4,947,414 shares of the stock traded hands, compared to its average volume of 2,951,652. The company has a current ratio of 0.10, a quick ratio of 1.22 and a debt-to-equity ratio of 1.58. The stock’s fifty day simple moving average is $19.11 and its 200 day simple moving average is $18.62. The firm has a market cap of $9.45 billion, a P/E ratio of -19.46 and a beta of 1.54. Annaly Capital Management has a 52-week low of $14.52 and a 52-week high of $21.07.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 13.77%. The ex-dividend date of this dividend is Wednesday, March 27th. Annaly Capital Management’s dividend payout ratio is -268.04%.

Insider Buying and Selling

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $19.03, for a total transaction of $951,500.00. Following the transaction, the chief executive officer now owns 662,469 shares of the company’s stock, valued at approximately $12,606,785.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on NLY. Compass Point initiated coverage on shares of Annaly Capital Management in a research note on Tuesday, April 2nd. They set a “buy” rating and a $22.00 price objective for the company. Royal Bank of Canada reiterated an “outperform” rating and set a $21.00 price target on shares of Annaly Capital Management in a report on Monday, February 12th. Jonestrading reissued a “buy” rating and issued a $21.00 price objective on shares of Annaly Capital Management in a research note on Thursday. Keefe, Bruyette & Woods restated an “outperform” rating and set a $21.50 target price on shares of Annaly Capital Management in a research report on Wednesday, March 27th. Finally, JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, April 18th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $21.07.

About Annaly Capital Management

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.