Annaly Capital Management (NYSE:NLY) Issues Earnings Results, Beats Expectations By $0.01 EPS

Annaly Capital Management (NYSE:NLY - Get Free Report) posted its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.01, Zacks reports. The firm had revenue of $186.64 million during the quarter, compared to analyst estimates of $418.04 million. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%.

Annaly Capital Management Stock Performance

Annaly Capital Management stock traded up $0.17 during trading hours on Wednesday, reaching $19.19. 2,055,629 shares of the company's stock traded hands, compared to its average volume of 6,104,109. The firm has a market capitalization of $11.46 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 4.89 and a beta of 1.25. Annaly Capital Management has a fifty-two week low of $16.60 and a fifty-two week high of $22.11. The firm's 50 day moving average is $19.88 and its 200-day moving average is $19.77.

Annaly Capital Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 14.59%. This is a positive change from Annaly Capital Management's previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Monday, March 31st. Annaly Capital Management's dividend payout ratio (DPR) is presently 314.61%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Royal Bank of Canada reiterated an "outperform" rating and issued a $22.00 price target on shares of Annaly Capital Management in a research report on Monday, February 10th. JMP Securities reaffirmed a "market perform" rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Jones Trading restated a "buy" rating and issued a $21.00 price target on shares of Annaly Capital Management in a research report on Friday, May 2nd. Piper Sandler dropped their price objective on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Finally, Keefe, Bruyette & Woods boosted their target price on Annaly Capital Management from $20.15 to $20.50 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, Annaly Capital Management currently has an average rating of "Moderate Buy" and a consensus target price of $21.10.

Annaly Capital Management Company Profile

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.