Equities research analysts predict that Annaly Capital Management, Inc. (NYSE:NLY) will post $0.29 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Annaly Capital Management’s earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.27. Annaly Capital Management reported earnings per share of $0.30 in the same quarter last year, which indicates a negative year over year growth rate of 3.3%. The company is expected to issue its next earnings report on Wednesday, February 21st.
On average, analysts expect that Annaly Capital Management will report full-year earnings of $1.20 per share for the current financial year, with EPS estimates ranging from $1.16 to $1.22. For the next financial year, analysts anticipate that the firm will post earnings of $1.23 per share, with EPS estimates ranging from $1.16 to $1.27. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Annaly Capital Management.
Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.01. Annaly Capital Management had a net margin of 104.56% and a return on equity of 11.59%. The company had revenue of $353.61 million during the quarter, compared to analysts’ expectations of $361.67 million. During the same quarter last year, the company posted $0.29 EPS. The firm’s revenue was up 12.2% compared to the same quarter last year.
Several brokerages have commented on NLY. Zacks Investment Research raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Tuesday, September 26th. ValuEngine raised shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Annaly Capital Management presently has a consensus rating of “Buy” and an average price target of $12.21.
In other Annaly Capital Management news, CEO Kevin Keyes acquired 300,000 shares of the company’s stock in a transaction on Monday, November 6th. The shares were bought at an average cost of $11.12 per share, for a total transaction of $3,336,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Donnell Segalas acquired 9,800 shares of the company’s stock in a transaction on Friday, November 10th. The stock was acquired at an average price of $11.34 per share, for a total transaction of $111,132.00. Following the completion of the purchase, the director now owns 102,450 shares of the company’s stock, valued at approximately $1,161,783. The disclosure for this purchase can be found here. Insiders have purchased a total of 460,080 shares of company stock worth $5,239,984 over the last quarter. 0.43% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Annaly Capital Management by 2.3% in the second quarter. Vanguard Group Inc. now owns 84,474,609 shares of the real estate investment trust’s stock valued at $1,017,920,000 after purchasing an additional 1,881,971 shares during the period. State Street Corp increased its stake in Annaly Capital Management by 1.0% in the second quarter. State Street Corp now owns 28,075,020 shares of the real estate investment trust’s stock valued at $338,303,000 after purchasing an additional 291,014 shares during the period. APG Asset Management N.V. increased its stake in Annaly Capital Management by 70.0% in the third quarter. APG Asset Management N.V. now owns 26,906,060 shares of the real estate investment trust’s stock valued at $327,985,000 after purchasing an additional 11,082,900 shares during the period. FMR LLC increased its stake in Annaly Capital Management by 4.3% in the second quarter. FMR LLC now owns 21,493,874 shares of the real estate investment trust’s stock valued at $259,001,000 after purchasing an additional 878,306 shares during the period. Finally, LSV Asset Management increased its stake in shares of Annaly Capital Management by 0.4% during the second quarter. LSV Asset Management now owns 19,792,129 shares of the real estate investment trust’s stock worth $238,495,000 after acquiring an additional 78,700 shares during the period. Institutional investors own 54.50% of the company’s stock.
Shares of Annaly Capital Management (NLY) traded down $0.13 during mid-day trading on Monday, reaching $11.89. 5,913,758 shares of the company’s stock traded hands, compared to its average volume of 7,664,703. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.03 and a quick ratio of 0.03. Annaly Capital Management has a 52 week low of $9.95 and a 52 week high of $12.73. The stock has a market cap of $13,937.71, a PE ratio of 4.76, a PEG ratio of 2.30 and a beta of 0.22.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, December 29th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.20 annualized dividend and a yield of 10.09%. Annaly Capital Management’s dividend payout ratio is currently 48.00%.
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About Annaly Capital Management
Annaly Capital Management, Inc is a mortgage real estate investment trust (REIT). The Company owns a portfolio of real estate related investments. Its investment groups primarily consist of Agency, which invests primarily in various types of Agency mortgage-backed securities and related derivatives to hedge these investments; Residential credit, which invests primarily in non-Agency mortgage-backed assets within securitized products and residential mortgage loan markets; Commercial real estate, which originates and invests in commercial mortgage loans, securities, and other commercial real estate investments, and Middle market, which provides customized debt financing to middle-market businesses.
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