Annaly Capital Management (NYSE:NLY) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Annaly Capital Management (NYSE:NLY) posted its earnings results on Wednesday. The real estate investment trust reported $0.72 EPS for the quarter, topping the consensus estimate of $0.67 by $0.05, Zacks reports. Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%.

Annaly Capital Management Stock Down 0.5 %

NYSE:NLY traded down $0.11 on Wednesday, reaching $19.80. The stock had a trading volume of 6,205,825 shares, compared to its average volume of 6,332,846. The stock has a fifty day moving average price of $19.25 and a 200-day moving average price of $19.70. Annaly Capital Management has a 1-year low of $17.67 and a 1-year high of $21.11. The company has a market capitalization of $11.10 billion, a P/E ratio of -282.79 and a beta of 1.51.

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.13%. The ex-dividend date is Tuesday, December 31st. Annaly Capital Management’s dividend payout ratio (DPR) is currently -3,714.29%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. cut their price objective on Annaly Capital Management from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Argus raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Thursday, October 31st. Royal Bank of Canada boosted their price objective on shares of Annaly Capital Management from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Monday. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Finally, Barclays initiated coverage on Annaly Capital Management in a report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price target for the company. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $21.22.

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.