Zacks: Analysts Anticipate Annaly Capital Management Inc (NLY) Will Announce Earnings of $0.29 Per Share
Wall Street brokerages predict that Annaly Capital Management Inc (NYSE:NLY) will post $0.29 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have made estimates for Annaly Capital Management’s earnings. The highest EPS estimate is $0.30 and the lowest is $0.28. Annaly Capital Management also posted earnings of $0.29 per share in the same quarter last year. The firm is expected to issue its next earnings results on Wednesday, November 1st.
On average, analysts expect that Annaly Capital Management will report full-year earnings of $1.19 per share for the current year, with EPS estimates ranging from $1.17 to $1.20. For the next fiscal year, analysts anticipate that the business will post earnings of $1.22 per share, with EPS estimates ranging from $1.15 to $1.28. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow Annaly Capital Management.
Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.30 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. The firm had revenue of $315.15 million for the quarter, compared to the consensus estimate of $424.18 million. Annaly Capital Management had a net margin of 121.84% and a return on equity of 11.33%. During the same period in the prior year, the business posted $0.29 earnings per share.
A number of brokerages recently commented on NLY. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $11.25 price target on shares of Annaly Capital Management in a research note on Thursday, August 3rd. Zacks Investment Research upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Tuesday, September 26th. BidaskClub upgraded shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Finally, ValuEngine upgraded shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $11.69.
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In other news, Director Francine J. Bovich acquired 13,500 shares of Annaly Capital Management stock in a transaction that occurred on Thursday, August 17th. The stock was bought at an average price of $12.29 per share, with a total value of $165,915.00. Following the completion of the purchase, the director now owns 13,500 shares in the company, valued at $165,915. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Donnell Segalas acquired 8,000 shares of Annaly Capital Management stock in a transaction that occurred on Monday, August 7th. The shares were 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 of the company’s stock, valued at approximately $1,017,373.50. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 139,200 shares of company stock worth $1,726,513. Insiders own 0.43% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. BlackRock Inc. lifted its position in Annaly Capital Management by 5,238.7% during the first quarter. BlackRock Inc. now owns 92,084,652 shares of the real estate investment trust’s stock valued at $1,023,059,000 after purchasing an additional 90,359,815 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Annaly Capital Management by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 84,474,609 shares of the real estate investment trust’s stock worth $1,017,920,000 after acquiring an additional 1,881,971 shares during the last quarter. State Street Corp lifted its holdings in shares of Annaly Capital Management by 1.0% in the 2nd quarter. State Street Corp now owns 28,075,020 shares of the real estate investment trust’s stock worth $338,303,000 after acquiring an additional 291,014 shares during the last quarter. FMR LLC lifted its holdings in shares of Annaly Capital Management by 4.3% in the 2nd quarter. FMR LLC now owns 21,493,874 shares of the real estate investment trust’s stock worth $259,001,000 after acquiring an additional 878,306 shares during the last quarter. Finally, LSV Asset Management lifted its holdings in shares of Annaly Capital Management by 0.4% in the 2nd quarter. LSV Asset Management now owns 19,792,129 shares of the real estate investment trust’s stock worth $238,495,000 after acquiring an additional 78,700 shares during the last quarter. 51.34% of the stock is owned by institutional investors.
Shares of Annaly Capital Management (NYSE:NLY) remained flat at $12.06 during midday trading on Wednesday. 13,410,647 shares of the stock traded hands. The firm has a market cap of $13.12 billion, a price-to-earnings ratio of 4.17 and a beta of 0.28. The company has a 50-day moving average price of $12.35 and a 200 day moving average price of $12.00. Annaly Capital Management has a 12-month low of $9.83 and a 12-month high of $12.73.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 9.95%. The ex-dividend date is Thursday, September 28th. Annaly Capital Management’s dividend payout ratio is 41.52%.
About Annaly Capital Management
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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