Annaly Capital Management Inc. Announces Quarterly Dividend of $0.35 (NLY)
Annaly Capital Management (NYSE:NLY) declared a quarterly dividend on Thursday, September 19th, American Banking & Market News reports. Shareholders of record on Tuesday, October 1st will be given a dividend of $0.35 per share on Thursday, October 31st. This represents a $1.40 dividend on an annualized basis and a yield of 11.16%. The ex-dividend date of this dividend is Friday, September 27th.
Several analysts have recently commented on the stock. Analysts at RBC Capital cut their price target on shares of Annaly Capital Management (NYSE:NLY) from $19.00 to $16.00 in a research note to investors on Monday, August 12th. They now have an “outperform” rating on the stock. On a related note, analysts at Jefferies Group reiterated a “hold” rating on shares of Annaly Capital Management (NYSE:NLY) in a research note to investors on Monday, August 12th. They now have a $12.00 price target on the stock, up previously from $11.00. Finally, analysts at Wunderlich cut their price target on shares of Annaly Capital Management (NYSE:NLY) from $13.50 to $12.50 in a research note to investors on Monday, August 12th. They now have a “hold” rating on the stock.
Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $13.21.
Shares of Annaly Capital Management (NYSE:NLY) traded down 2.31% on Thursday, hitting $12.25. The stock had a trading volume of 15,024,882 shares. Annaly Capital Management has a 52-week low of $10.63 and a 52-week high of $17.70. The stock has a 50-day moving average of $11.61 and a 200-day moving average of $13.58. The company has a market cap of $11.604 billion and a P/E ratio of 3.60. Annaly Capital Management also was the target of some unusual options trading activity on Monday. Investors acquired 5,998 put options on the stock. This is an increase of approximately 133% compared to the average volume of 2,575 put options.
Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.15. The company had revenue of $460.60 million for the quarter, compared to the consensus estimate of $426.30 million. During the same quarter in the prior year, the company posted $0.55 earnings per share. The company’s quarterly revenue was down 15.7% on a year-over-year basis. Analysts expect that Annaly Capital Management will post $1.72 EPS for the current fiscal year.
Annaly Capital Management, Inc (NYSE:NLY) owns, manage, and finance a portfolio of real estate related investments, including mortgage pass-through certificates, collateralized mortgage obligations (CMOs), Agency callable debentures, and other securities representing interests in or obligations backed by pools of mortgage loans.
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