ANNALY Cap Mgmt/SH (NYSE:NLY) announced a quarterly dividend on Thursday, June 14th, RTT News reports. Shareholders of record on Friday, June 29th will be paid a dividend of 0.30 per share by the real estate investment trust on Tuesday, July 31st. This represents a $1.20 annualized dividend and a yield of 11.41%. The ex-dividend date is Thursday, June 28th.
ANNALY Cap Mgmt/SH has a dividend payout ratio of 100.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect ANNALY Cap Mgmt/SH to earn $1.14 per share next year, which means the company may not be able to cover its $1.20 annual dividend with an expected future payout ratio of 105.3%.
NLY stock traded up $0.10 during mid-day trading on Thursday, hitting $10.52. 322,450 shares of the company were exchanged, compared to its average volume of 8,557,396. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $12.26 billion, a PE ratio of 8.60, a price-to-earnings-growth ratio of 7.36 and a beta of 0.07. ANNALY Cap Mgmt/SH has a 1-year low of $9.94 and a 1-year high of $12.73.
NLY has been the subject of several research reports. Zacks Investment Research upgraded shares of ANNALY Cap Mgmt/SH from a “sell” rating to a “hold” rating in a research report on Tuesday, April 24th. JPMorgan Chase & Co. cut their price objective on shares of ANNALY Cap Mgmt/SH from $10.50 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, May 22nd. ValuEngine downgraded shares of ANNALY Cap Mgmt/SH from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of ANNALY Cap Mgmt/SH in a research report on Friday, February 16th. Finally, Deutsche Bank dropped their price target on shares of ANNALY Cap Mgmt/SH from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Thursday, May 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $11.31.
About ANNALY Cap Mgmt/SH
Annaly Capital Management, Inc, a diversified capital manager, invests in and finances residential and commercial assets. The company invests in various types of agency mortgage-backed securities, non-agency residential mortgage assets, and residential mortgage loans; and originates and invests in commercial mortgage loans, securities, and other commercial real estate investments.
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