Analysts expect ANNALY CAP MGMT/SH (NYSE:NLY) to post earnings of $0.26 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for ANNALY CAP MGMT/SH’s earnings, with estimates ranging from $0.24 to $0.27. ANNALY CAP MGMT/SH posted earnings per share of $0.30 during the same quarter last year, which indicates a negative year over year growth rate of 13.3%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, July 31st.
According to Zacks, analysts expect that ANNALY CAP MGMT/SH will report full-year earnings of $1.06 per share for the current fiscal year, with EPS estimates ranging from $1.02 to $1.10. For the next fiscal year, analysts forecast that the business will post earnings of $1.03 per share, with EPS estimates ranging from $1.02 to $1.03. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that cover ANNALY CAP MGMT/SH.
ANNALY CAP MGMT/SH (NYSE:NLY) last issued its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.29 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.29. The business had revenue of $218.49 million for the quarter, compared to analyst estimates of $435.12 million. ANNALY CAP MGMT/SH had a positive return on equity of 12.34% and a negative net margin of 77.68%. The firm’s revenue for the quarter was down 57.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 EPS.
Several equities analysts recently commented on the company. ValuEngine downgraded Valero Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. Nomura cut their target price on Carnival from $66.00 to $61.00 and set a “buy” rating for the company in a research report on Wednesday, March 27th. Zacks Investment Research downgraded GenMark Diagnostics from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. Finally, UBS Group restated a “buy” rating and set a GBX 285 ($3.72) target price on shares of in a research report on Friday, June 21st. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. ANNALY CAP MGMT/SH has a consensus rating of “Buy” and a consensus price target of $10.75.
NLY traded down $0.06 during midday trading on Tuesday, reaching $9.34. The company’s stock had a trading volume of 9,180,032 shares, compared to its average volume of 12,211,694. The stock has a market capitalization of $13.60 billion, a PE ratio of 7.78 and a beta of 0.40. The firm has a fifty day simple moving average of $9.13. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.08 and a current ratio of 0.08. ANNALY CAP MGMT/SH has a twelve month low of $8.74 and a twelve month high of $10.78.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be issued a $0.25 dividend. The ex-dividend date is Thursday, June 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.71%. ANNALY CAP MGMT/SH’s dividend payout ratio (DPR) is 100.00%.
In related news, insider Anthony C. Green bought 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were acquired at an average price of $9.56 per share, for a total transaction of $478,000.00. Following the completion of the acquisition, the insider now owns 151,000 shares of the company’s stock, valued at approximately $1,443,560. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas Edward Hamilton bought 30,000 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were bought at an average price of $9.47 per share, for a total transaction of $284,100.00. Following the acquisition, the director now directly owns 130,000 shares of the company’s stock, valued at approximately $1,231,100. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 482,780 shares of company stock worth $4,629,037. Corporate insiders own 0.34% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in NLY. Bank of New York Mellon Corp grew its stake in ANNALY CAP MGMT/SH by 5.0% during the 4th quarter. Bank of New York Mellon Corp now owns 5,262,562 shares of the real estate investment trust’s stock worth $51,679,000 after buying an additional 250,252 shares during the last quarter. Prudential PLC grew its stake in ANNALY CAP MGMT/SH by 352.0% during the 4th quarter. Prudential PLC now owns 53,548 shares of the real estate investment trust’s stock worth $525,000 after buying an additional 41,700 shares during the last quarter. Geode Capital Management LLC grew its stake in ANNALY CAP MGMT/SH by 16.7% during the 4th quarter. Geode Capital Management LLC now owns 18,578,022 shares of the real estate investment trust’s stock worth $182,534,000 after buying an additional 2,661,206 shares during the last quarter. Lido Advisors LLC grew its stake in ANNALY CAP MGMT/SH by 20.6% during the 4th quarter. Lido Advisors LLC now owns 20,271 shares of the real estate investment trust’s stock worth $205,000 after buying an additional 3,465 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its stake in ANNALY CAP MGMT/SH by 17.9% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 12,035 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 1,825 shares during the last quarter. 57.16% of the stock is currently owned by hedge funds and other institutional investors.
About ANNALY CAP MGMT/SH
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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