Annaly Capital Management (NYSE:NLY) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS
by Renee Jackson · The Cerbat GemAnnaly Capital Management (NYSE:NLY – Get Free Report) released its quarterly earnings data on Tuesday. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02, Zacks reports. Annaly Capital Management had a net margin of 34.02% and a return on equity of 15.80%.
Annaly Capital Management Trading Down 0.2%
NLY traded down $0.05 during trading hours on Tuesday, hitting $22.61. The company’s stock had a trading volume of 7,006,395 shares, compared to its average volume of 8,131,885. The business’s 50-day moving average price is $22.23 and its 200-day moving average price is $22.28. Annaly Capital Management has a 12 month low of $17.76 and a 12 month high of $24.52. The stock has a market cap of $16.24 billion, a price-to-earnings ratio of 8.13, a P/E/G ratio of 7.09 and a beta of 1.23.
Annaly Capital Management Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, March 31st will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 12.4%. The ex-dividend date is Tuesday, March 31st. Annaly Capital Management’s payout ratio is currently 100.72%.
Insider Buying and Selling at Annaly Capital Management
In other Annaly Capital Management news, CFO Serena Wolfe sold 16,536 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $23.14, for a total transaction of $382,643.04. Following the sale, the chief financial officer directly owned 173,081 shares of the company’s stock, valued at $4,005,094.34. The trade was a 8.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Steven Francis Campbell sold 26,491 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $22.83, for a total value of $604,789.53. Following the sale, the chief operating officer directly owned 178,000 shares in the company, valued at $4,063,740. The trade was a 12.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 71,252 shares of company stock worth $1,639,995 in the last 90 days. 0.22% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Annaly Capital Management
Several large investors have recently added to or reduced their stakes in NLY. Mcguire Capital Advisors Inc. bought a new position in Annaly Capital Management during the fourth quarter valued at $31,000. Compound Planning Inc. increased its position in Annaly Capital Management by 54.8% during the fourth quarter. Compound Planning Inc. now owns 27,926 shares of the real estate investment trust’s stock valued at $624,000 after acquiring an additional 9,882 shares during the last quarter. Invesco Ltd. increased its position in Annaly Capital Management by 6.2% during the fourth quarter. Invesco Ltd. now owns 2,862,209 shares of the real estate investment trust’s stock valued at $63,999,000 after acquiring an additional 165,854 shares during the last quarter. Corient Private Wealth LLC increased its position in Annaly Capital Management by 27.5% during the fourth quarter. Corient Private Wealth LLC now owns 48,187 shares of the real estate investment trust’s stock valued at $1,077,000 after acquiring an additional 10,382 shares during the last quarter. Finally, Royal Capital Wealth Management LLC increased its position in Annaly Capital Management by 50.0% during the fourth quarter. Royal Capital Wealth Management LLC now owns 14,850 shares of the real estate investment trust’s stock valued at $332,000 after acquiring an additional 4,950 shares during the last quarter. 51.56% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research firms have recently issued reports on NLY. JonesTrading lifted their price objective on shares of Annaly Capital Management from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Keefe, Bruyette & Woods lifted their target price on Annaly Capital Management from $23.25 to $25.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Argus raised Annaly Capital Management to a “strong-buy” rating in a report on Thursday, February 5th. JPMorgan Chase & Co. reduced their target price on Annaly Capital Management from $25.00 to $23.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Annaly Capital Management in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.89.
View Our Latest Analysis on Annaly Capital Management
Annaly Capital Management Company Profile
Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.
Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.