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%.
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.
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