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

Annaly Capital Management (NYSE:NLY - Get Free Report) released its quarterly earnings results on Wednesday. The real estate investment trust reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.01, Zacks reports. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. The company had revenue of $186.64 million during the quarter, compared to analysts' expectations of $418.04 million.

Annaly Capital Management Price Performance

Annaly Capital Management stock traded down $0.08 during mid-day trading on Monday, reaching $19.24. 5,135,993 shares of the company were exchanged, compared to its average volume of 6,109,789. The firm has a market cap of $11.50 billion, a PE ratio of 12.10, a PEG ratio of 4.89 and a beta of 1.25. The company has a fifty day simple moving average of $19.99 and a 200-day simple moving average of $19.78. Annaly Capital Management has a 12 month low of $16.60 and a 12 month high of $22.11.

Annaly Capital Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were paid a $0.70 dividend. This is a boost from Annaly Capital Management's previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a dividend yield of 14.55%. The ex-dividend date of this dividend was Monday, March 31st. Annaly Capital Management's payout ratio is 314.61%.

Wall Street Analyst Weigh In

NLY has been the subject of several recent research reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $22.00 price objective on shares of Annaly Capital Management in a research report on Monday, February 10th. Barclays began coverage on Annaly Capital Management in a research note on Monday, January 6th. They set an "equal weight" rating and a $19.00 price objective on the stock. Piper Sandler decreased their target price on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a research note on Friday. JMP Securities restated a "market perform" rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Finally, Jones Trading reiterated a "buy" rating and issued a $21.00 price target on shares of Annaly Capital Management in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.10.

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.