ANNALY CAP MGMT/SH (NYSE:NLY) Announces Earnings Results

ANNALY CAP MGMT/SH (NYSE:NLY) released its earnings results on Wednesday. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.01), reports. ANNALY CAP MGMT/SH had a positive return on equity of 12.14% and a negative net margin of 155.89%. The business had revenue of $177.38 million during the quarter, compared to analysts’ expectations of $402.00 million. During the same period last year, the business earned $0.30 earnings per share.

Shares of NYSE NLY traded up $0.03 during midday trading on Friday, reaching $9.42. 15,680,010 shares of the stock were exchanged, compared to its average volume of 10,535,217. The firm has a 50 day moving average of $9.28. The stock has a market cap of $13.91 billion, a PE ratio of 7.85 and a beta of 0.39. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.26. ANNALY CAP MGMT/SH has a twelve month low of $8.74 and a twelve month high of $10.76.

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.62%. ANNALY CAP MGMT/SH’s dividend payout ratio is currently 100.00%.

In other news, insider Anthony C. Green purchased 50,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was acquired at an average price of $9.56 per share, for a total transaction of $478,000.00. Following the acquisition, the insider now directly owns 151,000 shares of the company’s stock, valued at $1,443,560. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Thomas Edward Hamilton purchased 30,000 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were purchased at an average price of $9.47 per share, with a total value of $284,100.00. Following the acquisition, the director now directly owns 130,000 shares in the company, valued at $1,231,100. The disclosure for this purchase can be found here. Insiders have bought a total of 482,780 shares of company stock valued at $4,629,037 in the last 90 days. Insiders own 0.34% of the company’s stock.

NLY has been the topic of a number of research reports. ValuEngine lowered shares of ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a research note on Thursday. JPMorgan Chase & Co. cut their price target on shares of ANNALY CAP MGMT/SH from $10.50 to $10.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Zacks Investment Research upgraded shares of ANNALY CAP MGMT/SH from a “hold” rating to a “strong-buy” rating and set a $12.00 price target for the company in a report on Wednesday, April 24th. Finally, UBS Group assumed coverage on shares of ANNALY CAP MGMT/SH in a report on Friday, June 21st. They set a “buy” rating and a $9.50 price target for the company. One research analyst has rated the stock with a sell rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $10.67.


Annaly Capital Management, Inc, a diversified capital manager, invests in and finances residential and commercial assets. The company invests in various types of agency mortgage-backed securities, non-agency residential mortgage assets, and residential mortgage loans; and originates and invests in commercial mortgage loans, securities, and other commercial real estate investments.

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Earnings History for ANNALY CAP MGMT/SH (NYSE:NLY)

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