Annaly Capital Management (NYSE:NLY) Issues Earnings Results, Beats Estimates By $0.05 EPS

Annaly Capital Management (NYSE:NLY - Get Free Report) issued its earnings results on Wednesday. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.05, Zacks reports. Annaly Capital Management had a return on equity of 15.30% and a net margin of 20.70%.

Annaly Capital Management Stock Down 0.4 %

NYSE:NLY traded down $0.09 on Friday, reaching $20.39. 9,408,922 shares of the company's stock were exchanged, compared to its average volume of 5,699,954. The business has a fifty day moving average of $19.29 and a 200-day moving average of $19.69. Annaly Capital Management has a 52-week low of $17.67 and a 52-week high of $21.11. The firm has a market capitalization of $11.43 billion, a price-to-earnings ratio of 12.82 and a beta of 1.51.

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 12.75%. The ex-dividend date of this dividend was Tuesday, December 31st. Annaly Capital Management's dividend payout ratio (DPR) is 163.52%.

Analyst Ratings Changes

NLY has been the subject of a number of analyst reports. Barclays began coverage on shares of Annaly Capital Management in a research report on Monday, January 6th. They set an "equal weight" rating and a $19.00 price objective for the company. JPMorgan Chase & Co. raised their price target on shares of Annaly Capital Management from $19.00 to $21.00 and gave the stock an "overweight" rating in a report on Friday. JMP Securities reaffirmed a "market perform" rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Argus upgraded Annaly Capital Management from a "hold" rating to a "buy" rating and set a $21.00 price objective for the company in a research report on Thursday, October 31st. Finally, Royal Bank of Canada lifted their target price on Annaly Capital Management from $21.00 to $22.00 and gave the company an "outperform" rating in a research report on Monday, January 27th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.44.

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.