Annaly Capital Management (NYSE:NLY – Get Free Report) issued its quarterly earnings results on Wednesday. The real estate investment trust reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01), Yahoo Finance reports. Annaly Capital Management had a negative net margin of 12.02% and a positive return on equity of 15.24%. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $212.00 million. During the same period in the prior year, the company earned $0.66 EPS.
Annaly Capital Management Price Performance
NYSE NLY traded down $0.21 during trading on Friday, reaching $19.49. The company’s stock had a trading volume of 5,521,665 shares, compared to its average volume of 4,057,654. The stock has a market capitalization of $10.49 billion, a PE ratio of -14.64 and a beta of 1.51. The firm has a fifty day moving average of $20.09 and a 200 day moving average of $19.74. Annaly Capital Management has a one year low of $14.52 and a one year high of $21.11.
Annaly Capital Management Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be paid a $0.65 dividend. The ex-dividend date is Monday, September 30th. This represents a $2.60 dividend on an annualized basis and a yield of 13.34%. Annaly Capital Management’s dividend payout ratio is currently -195.49%.
Analyst Ratings Changes
Check Out Our Latest Stock Report on Annaly Capital Management
Insider Transactions at Annaly Capital Management
In other news, CEO David L. Finkelstein sold 50,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $20.05, for a total value of $1,002,500.00. Following the completion of the transaction, the chief executive officer now directly owns 612,469 shares in the company, valued at approximately $12,280,003.45. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.21% 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.
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