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

Annaly Capital Management (NYSE:NLY) issued its earnings results on Wednesday. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating 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 %

NLY stock opened at $19.80 on Thursday. Annaly Capital Management has a 52 week low of $17.67 and a 52 week high of $21.11. The business has a 50-day simple moving average of $19.26 and a 200 day simple moving average of $19.70.

Annaly Capital Management Dividend Announcement

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

Analyst Ratings Changes

Several analysts have issued reports on NLY shares. Royal Bank of Canada upped their price objective on Annaly Capital Management from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Monday. Barclays assumed coverage on shares of Annaly Capital Management in a research note on Monday, January 6th. They set an “equal weight” rating and a $19.00 target price for the company. JPMorgan Chase & Co. lowered their price target on shares of Annaly Capital Management from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Finally, Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.22.

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.