Annaly Capital Management (NLY) Posts Quarterly Earnings Results, Misses Estimates By $0.05 EPS
Annaly Capital Management (NYSE:NLY) posted its quarterly earnings results on Wednesday. The company reported $0.23 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.28 by $0.05, American Banking News.com reports. During the same quarter in the prior year, the company posted $0.47 earnings per share.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Annaly Capital Management in a research note on Wednesday, April 16th. They now have a $11.50 price target on the stock. On a related note, analysts at Compass Point downgraded shares of Annaly Capital Management from a “buy” rating to a “neutral” rating in a research note on Monday, March 24th. Finally, analysts at FBR Capital Markets raised their price target on shares of Annaly Capital Management from $11.00 to $11.50 in a research note on Monday, March 10th. They now have a “market perform” rating on the stock. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company’s stock. Annaly Capital Management has an average rating of “Hold” and an average price target of $12.00.
Shares of Annaly Capital Management (NYSE:NLY) traded up 1.81% during mid-day trading on Wednesday, hitting $11.84. 12,355,593 shares of the company’s stock traded hands. Annaly Capital Management has a 52 week low of $9.66 and a 52 week high of $15.30. The stock’s 50-day moving average is $11.32 and its 200-day moving average is $10.84. The company has a market cap of $11.218 billion and a price-to-earnings ratio of 3.11. Annaly Capital Management also saw a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 19,912,875 shares, a drop of 20.5% from the March 31st total of 25,037,840 shares. Based on an average daily volume of 10,228,240 shares, the short-interest ratio is presently 1.9 days. Approximately 2.1% of the shares of the stock are sold short.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.