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

Annaly Capital Management (NYSE:NLY - Get Free Report) posted its quarterly earnings data on Wednesday. The real estate investment trust reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01, Zacks reports. The company had revenue of $273.20 million for the quarter, compared to analysts' expectations of $237.00 million. Annaly Capital Management had a net margin of 13.76% and a return on equity of 15.77%.

Annaly Capital Management Trading Up 0.5%

NYSE:NLY traded up $0.10 during mid-day trading on Friday, reaching $20.66. The company's stock had a trading volume of 3,197,046 shares, compared to its average volume of 7,931,923. Annaly Capital Management has a 12-month low of $16.59 and a 12-month high of $22.11. The firm's fifty day moving average price is $19.36 and its two-hundred day moving average price is $19.75. The stock has a market cap of $12.34 billion, a P/E ratio of 20.47, a PEG ratio of 4.49 and a beta of 1.22.

Annaly Capital Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 13.56%. The ex-dividend date of this dividend is Monday, June 30th. Annaly Capital Management's dividend payout ratio (DPR) is 277.23%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on NLY shares. UBS Group reiterated a "neutral" rating and set a $20.00 price target (up from $18.00) on shares of Annaly Capital Management in a research report on Thursday, July 10th. Keefe, Bruyette & Woods increased their price target on shares of Annaly Capital Management from $20.50 to $21.50 and gave the company an "outperform" rating in a research report on Friday. Jones Trading reiterated a "buy" rating and set a $21.00 price target on shares of Annaly Capital Management in a research report on Thursday. Piper Sandler reduced their price target on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Annaly Capital Management currently has an average rating of "Moderate Buy" and a consensus price target of $21.00.

Hedge Funds Weigh In On Annaly Capital Management

A number of hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its stake in shares of Annaly Capital Management by 833.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust's stock valued at $59,318,000 after purchasing an additional 2,607,784 shares during the period. Millennium Management LLC raised its holdings in shares of Annaly Capital Management by 17.4% during the 1st quarter. Millennium Management LLC now owns 541,733 shares of the real estate investment trust's stock worth $11,003,000 after acquiring an additional 80,481 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Annaly Capital Management by 111.8% during the 1st quarter. AQR Capital Management LLC now owns 56,803 shares of the real estate investment trust's stock worth $1,154,000 after acquiring an additional 29,978 shares in the last quarter. Empowered Funds LLC raised its holdings in Annaly Capital Management by 18.6% during the 1st quarter. Empowered Funds LLC now owns 19,282 shares of the real estate investment trust's stock valued at $392,000 after buying an additional 3,029 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in Annaly Capital Management by 20.8% during the 1st quarter. NewEdge Advisors LLC now owns 17,845 shares of the real estate investment trust's stock valued at $362,000 after buying an additional 3,074 shares during the period. Hedge funds and other institutional investors own 51.56% 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.