Annaly Capital Management Inc (NLY) Declares Quarterly Dividend of $0.30
Annaly Capital Management Inc (NYSE:NLY) declared a quarterly dividend on Thursday, September 14th, RTT News reports. Shareholders of record on Friday, September 29th will be given a dividend of 0.30 per share by the real estate investment trust on Tuesday, October 31st. This represents a $1.20 annualized dividend and a yield of 9.81%. The ex-dividend date is Thursday, September 28th.
Annaly Capital Management has decreased its dividend payment by an average of 10.1% annually over the last three years. Annaly Capital Management has a dividend payout ratio of 100.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Annaly Capital Management to earn $1.18 per share next year, which means the company may not be able to cover its $1.20 annual dividend with an expected future payout ratio of 101.7%.
Annaly Capital Management (NLY) traded up 0.369% on Thursday, reaching $12.235. The company’s stock had a trading volume of 4,736,712 shares. Annaly Capital Management has a 52 week low of $9.83 and a 52 week high of $12.73. The company has a market capitalization of $13.31 billion, a price-to-earnings ratio of 4.229 and a beta of 0.28. The firm’s 50 day moving average price is $12.26 and its 200-day moving average price is $11.81.
Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. Annaly Capital Management had a return on equity of 11.33% and a net margin of 121.84%. The firm had revenue of $315.15 million for the quarter, compared to analysts’ expectations of $424.18 million. During the same quarter in the prior year, the firm posted $0.29 earnings per share. On average, equities analysts predict that Annaly Capital Management will post $1.20 EPS for the current year.
In other news, Director Donnell Segalas purchased 8,000 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was purchased at an average cost of $12.09 per share, with a total value of $96,720.00. Following the purchase, the director now owns 84,150 shares in the company, valued at approximately $1,017,373.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David L. Finkelstein purchased 100,000 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were purchased at an average cost of $12.49 per share, with a total value of $1,249,000.00. Following the completion of the purchase, the insider now owns 300,000 shares in the company, valued at approximately $3,747,000. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 139,200 shares of company stock valued at $1,726,513. 0.43% of the stock is currently owned by corporate insiders.
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A number of brokerages have recently weighed in on NLY. ValuEngine upgraded Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. BidaskClub upgraded Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Zacks Investment Research upgraded Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $11.25 price target on shares of Annaly Capital Management in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $11.41.
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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