ANNALY Cap Mgmt/SH (NYSE:NLY) announced a quarterly dividend on Tuesday, September 11th, NASDAQ reports. Stockholders of record on Friday, September 28th will be given a dividend of 0.078 per share by the real estate investment trust on Wednesday, October 31st. This represents a $0.31 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend is Thursday, September 27th.
ANNALY Cap Mgmt/SH has a payout ratio of 26.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect ANNALY Cap Mgmt/SH to earn $1.17 per share next year, which means the company should continue to be able to cover its $0.31 annual dividend with an expected future payout ratio of 26.5%.
Shares of NYSE NLY traded up $0.01 during trading on Wednesday, reaching $10.24. The company had a trading volume of 35,756 shares, compared to its average volume of 18,574,272. ANNALY Cap Mgmt/SH has a 12-month low of $9.94 and a 12-month high of $12.58. The stock has a market cap of $12.42 billion, a P/E ratio of 8.39 and a beta of 0.08. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.23.
Several equities research analysts recently commented on the company. Barclays set a $11.00 price objective on ANNALY Cap Mgmt/SH and gave the company a “hold” rating in a research report on Tuesday, September 11th. Zacks Investment Research raised ANNALY Cap Mgmt/SH from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Tuesday, August 21st. JPMorgan Chase & Co. increased their price objective on ANNALY Cap Mgmt/SH from $10.00 to $10.50 and gave the company a “$10.45” rating in a research report on Monday, July 23rd. Finally, ValuEngine cut ANNALY Cap Mgmt/SH from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $10.88.
ANNALY Cap Mgmt/SH Company Profile
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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