Annaly Capital Management (NLY) Releases Earnings Results, Beats Estimates By $0.01 EPS

Annaly Capital Management (NYSE:NLY) issued its earnings results on Wednesday. The real estate investment trust reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01, RTT News reports. Annaly Capital Management had a return on equity of 11.59% and a net margin of 104.56%. The company had revenue of $426.71 million for the quarter, compared to analyst estimates of $370.80 million. During the same period in the prior year, the firm earned $0.30 earnings per share. Annaly Capital Management’s revenue for the quarter was down 31.6% on a year-over-year basis.

Shares of Annaly Capital Management (NYSE NLY) traded down $0.07 during trading on Wednesday, reaching $10.38. The company had a trading volume of 6,785,653 shares, compared to its average volume of 10,436,879. Annaly Capital Management has a 1-year low of $10.03 and a 1-year high of $12.73. The company has a market capitalization of $12,040.00, a P/E ratio of 4.15, a P/E/G ratio of 1.91 and a beta of 0.05. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.03 and a quick ratio of 0.03.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, December 29th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.20 annualized dividend and a yield of 11.56%. Annaly Capital Management’s dividend payout ratio (DPR) is currently 48.00%.

In other Annaly Capital Management news, Chairman Wellington Denahan acquired 125,280 shares of Annaly Capital Management stock in a transaction on Thursday, December 7th. The stock was purchased at an average price of $11.97 per share, for a total transaction of $1,499,601.60. Following the purchase, the chairman now directly owns 1,798,414 shares of the company’s stock, valued at $21,527,015.58. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Glenn Votek acquired 25,000 shares of Annaly Capital Management stock in a transaction on Friday, December 1st. The stock was acquired at an average price of $11.73 per share, with a total value of $293,250.00. The disclosure for this purchase can be found here. Corporate insiders own 0.43% of the company’s stock.

A number of brokerages have recently weighed in on NLY. Zacks Investment Research lowered Annaly Capital Management from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Compass Point raised Annaly Capital Management from a “sell” rating to a “neutral” rating in a research report on Tuesday. Bank of America raised Annaly Capital Management from an “underperform” rating to a “neutral” rating in a research report on Thursday, February 1st. Finally, ValuEngine lowered Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 26th. Six equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Annaly Capital Management has an average rating of “Buy” and a consensus target price of $12.21.

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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.

Earnings History for Annaly Capital Management (NYSE:NLY)

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