Annaly Capital Management (NYSE:NLY) Issues Quarterly Earnings Results

Annaly Capital Management (NYSE:NLY - Get Free Report) posted its earnings results on Thursday. The real estate investment trust reported $0.64 EPS for the quarter, meeting the consensus estimate of $0.64, Yahoo Finance reports. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $320.00 million. Annaly Capital Management had a positive return on equity of 15.67% and a negative net margin of 44.03%. During the same quarter in the prior year, the business earned $0.81 earnings per share.

Annaly Capital Management Trading Up 0.6 %

NLY stock traded up $0.11 during midday trading on Thursday, hitting $18.69. The stock had a trading volume of 5,685,437 shares, compared to its average volume of 3,584,241. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.40. The firm has a market cap of $9.35 billion, a P/E ratio of -5.18 and a beta of 1.54. The business has a fifty day moving average price of $19.10 and a two-hundred day moving average price of $18.62. Annaly Capital Management has a 1-year low of $14.52 and a 1-year high of $21.07.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.91%. The ex-dividend date of this dividend is Wednesday, March 27th. Annaly Capital Management's dividend payout ratio is currently -72.02%.

Insider Activity

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of Annaly Capital Management stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $19.03, for a total value of $951,500.00. Following the completion of the sale, the chief executive officer now directly owns 662,469 shares in the company, valued at $12,606,785.07. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.21% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on NLY. StockNews.com upgraded Annaly Capital Management from a "sell" rating to a "hold" rating in a research report on Saturday, January 27th. Royal Bank of Canada restated an "outperform" rating and issued a $21.00 target price on shares of Annaly Capital Management in a research report on Monday, February 12th. Jonestrading reiterated a "buy" rating and set a $21.00 price target on shares of Annaly Capital Management in a research report on Thursday. Compass Point initiated coverage on shares of Annaly Capital Management in a report on Tuesday, April 2nd. They issued a "buy" rating and a $22.00 target price for the company. Finally, JMP Securities restated a "market perform" rating on shares of Annaly Capital Management in a research note on Thursday, April 18th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Annaly Capital Management presently has an average rating of "Moderate Buy" and an average target price of $21.07.

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.