Annaly Capital Management (NLY) Set to Announce Earnings on Wednesday

Annaly Capital Management (NYSE:NLY) is scheduled to release its earnings data after the market closes on Wednesday, April 24th. Analysts expect Annaly Capital Management to post earnings of $0.65 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Annaly Capital Management Stock Down 1.7 %

Shares of NYSE NLY opened at $17.71 on Wednesday. The stock has a market capitalization of $8.86 billion, a price-to-earnings ratio of -4.91 and a beta of 1.54. Annaly Capital Management has a 12-month low of $14.52 and a 12-month high of $21.07. The firm’s 50-day moving average price is $19.16 and its 200-day moving average price is $18.61. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.40.

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be given a dividend of $0.65 per share. The ex-dividend date is Wednesday, March 27th. This represents a $2.60 dividend on an annualized basis and a yield of 14.68%. Annaly Capital Management’s payout ratio is -72.02%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Compass Point initiated coverage on shares of Annaly Capital Management in a research note on Tuesday, April 2nd. They set a “buy” rating and a $22.00 target price on the stock. StockNews.com upgraded shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, January 27th. Jonestrading raised their target price on Annaly Capital Management from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $21.50 price target on shares of Annaly Capital Management in a research report on Wednesday, March 27th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $21.00 price objective on shares of Annaly Capital Management in a research report on Monday, February 12th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.19.

Insiders Place Their Bets

In other news, CEO David L. Finkelstein sold 50,000 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $19.03, for a total value of $951,500.00. Following the completion of the sale, the chief executive officer now owns 662,469 shares of the company’s stock, valued at $12,606,785.07. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its position in Annaly Capital Management by 6.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 279,533 shares of the real estate investment trust’s stock worth $5,416,000 after buying an additional 16,116 shares during the last quarter. O Dell Group LLC bought a new stake in Annaly Capital Management during the fourth quarter valued at $70,000. GSA Capital Partners LLP bought a new stake in Annaly Capital Management during the fourth quarter valued at $993,000. Public Employees Retirement System of Ohio lifted its stake in Annaly Capital Management by 5.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 219,603 shares of the real estate investment trust’s stock worth $4,254,000 after purchasing an additional 11,942 shares during the last quarter. Finally, LifePro Asset Management purchased a new position in shares of Annaly Capital Management in the fourth quarter worth about $2,211,000. Institutional investors own 51.56% of the company’s stock.

About Annaly Capital Management

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.