Annaly Capital Management Inc (NLY) to Release Earnings on Tuesday
Annaly Capital Management Inc (NYSE:NLY) is set to post its quarterly earnings results after the market closes on Tuesday, August 1st. Analysts expect Annaly Capital Management to post earnings of $0.29 per share for the quarter.
Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.01. Annaly Capital Management had a return on equity of 11.08% and a net margin of 113.76%. The firm had revenue of $389.30 million for the quarter, compared to analyst estimates of $424.77 million. During the same quarter in the previous year, the business posted $0.30 earnings per share. On average, analysts expect Annaly Capital Management to post $1.17 EPS for the current fiscal year and $1.2 EPS for the next fiscal year.
Shares of Annaly Capital Management Inc (NLY) opened at 11.91 on Tuesday. The company’s 50-day moving average is $12.18 and its 200 day moving average is $11.34. The firm has a market capitalization of $12.14 billion, a PE ratio of 4.45 and a beta of 0.28. Annaly Capital Management Inc has a 52-week low of $9.83 and a 52-week high of $12.73.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Friday, June 30th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.20 dividend on an annualized basis and a yield of 10.08%. Annaly Capital Management’s dividend payout ratio (DPR) is 46.51%.
A number of research firms have issued reports on NLY. BidaskClub lowered shares of Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a report on Monday. Keefe, Bruyette & Woods restated a “hold” rating and issued a $11.25 target price on shares of Annaly Capital Management in a report on Friday, June 30th. Instinet upped their target price on shares of Annaly Capital Management from $11.00 to $12.00 and gave the company a “buy” rating in a report on Tuesday, March 28th. Vetr lowered shares of Annaly Capital Management from a “buy” rating to a “hold” rating and set a $11.60 target price on the stock. in a report on Tuesday, April 4th. Finally, Zacks Investment Research upgraded shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $11.32.
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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.
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