Annaly Capital Management Inc (NYSE:NLY) is set to announce 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 released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, meeting 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 business posted $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.
Annaly Capital Management Inc (NLY) opened at 11.56 on Tuesday. The company has a 50-day moving average price of $12.22 and a 200-day moving average price of $12.08. Annaly Capital Management Inc has a 12-month low of $9.83 and a 12-month high of $12.73. The stock has a market capitalization of $12.58 billion, a price-to-earnings ratio of 4.00 and a beta of 0.28.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be issued a $0.30 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.20 annualized dividend and a yield of 10.38%. Annaly Capital Management’s dividend payout ratio is currently 41.52%.
In other news, insider David L. Finkelstein acquired 100,000 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was bought at an average cost of $12.49 per share, with a total value of $1,249,000.00. Following the transaction, the insider now directly owns 300,000 shares in the company, valued at approximately $3,747,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Donnell Segalas acquired 8,000 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was purchased at an average cost of $12.09 per share, with a total value of $96,720.00. Following the completion of the transaction, the director now owns 84,150 shares in the company, valued at $1,017,373.50. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 139,200 shares of company stock valued at $1,726,513. 0.43% of the stock is currently owned by corporate insiders.
Several analysts recently issued reports on NLY shares. Zacks Investment Research upgraded Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. BidaskClub upgraded Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $11.25 price objective on shares of Annaly Capital Management in a research report on Thursday, August 3rd. Finally, ValuEngine raised shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $11.69.
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.
What are top analysts saying about Annaly Capital Management Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Annaly Capital Management Inc and related companies.