Annaly Capital Management Inc (NLY) to Release Quarterly Earnings on Wednesday
Annaly Capital Management Inc (NYSE:NLY) is scheduled to be announcing its earnings results after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.29 per share for the quarter.
Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.30 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.30. The firm had revenue of $315.15 million during the quarter, compared to analyst estimates of $424.18 million. Annaly Capital Management had a return on equity of 11.33% and a net margin of 121.84%. During the same period last year, the company earned $0.29 earnings per share. On average, analysts expect Annaly Capital Management to post $1.20 EPS for the current fiscal year and $1.19 EPS for the next fiscal year.
Shares of Annaly Capital Management Inc (NLY) opened at 12.04 on Wednesday. The firm has a market capitalization of $13.10 billion, a price-to-earnings ratio of 4.16 and a beta of 0.28. The company has a 50-day moving average price of $12.30 and a 200-day moving average price of $12.07. Annaly Capital Management Inc has a 12 month low of $9.83 and a 12 month high of $12.73.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th will be paid a $0.30 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.20 annualized dividend and a dividend yield of 9.97%. Annaly Capital Management’s payout ratio is 41.52%.
Several equities research analysts have recently weighed in on NLY shares. ValuEngine raised Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Zacks Investment Research raised Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. BidaskClub raised Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $11.25 price target on shares of Annaly Capital Management in a research note on Friday, June 30th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $11.69.
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In other Annaly Capital Management news, insider David L. Finkelstein bought 100,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was acquired at an average price of $12.49 per share, with a total value of $1,249,000.00. Following the completion of the purchase, the insider now directly owns 300,000 shares of the company’s stock, valued at approximately $3,747,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Donnell Segalas bought 8,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were acquired at an average cost of $12.09 per share, with a total value of $96,720.00. Following the purchase, the director now directly owns 84,150 shares of the company’s stock, valued at $1,017,373.50. The disclosure for this purchase can be found here. Insiders have purchased 139,200 shares of company stock valued at $1,726,513 in the last ninety days. 0.43% of the stock is currently owned by insiders.
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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