Annaly Capital Management Inc (NLY) to Release Quarterly Earnings on Wednesday

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.

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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.

Earnings History for Annaly Capital Management (NYSE:NLY)

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