Annaly Capital Management (NYSE:NLY) Posts Earnings Results, Misses Estimates By $0.01 EPS

Annaly Capital Management (NYSE:NLY) 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

A number of research analysts have recently commented on the company. Wells Fargo & Company raised Annaly Capital Management from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $19.00 to $23.00 in a research report on Friday, September 20th. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. StockNews.com lowered Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. decreased their price objective on Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Compass Point boosted their price objective on Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a research note on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.38.

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.