Annaly Capital Management (NLY) Scheduled to Post Quarterly Earnings on Wednesday

Annaly Capital Management (NYSE:NLY) is scheduled to announce its earnings results after the market closes on Wednesday, October 23rd. Analysts expect the company to announce earnings of $0.67 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 EPS for the quarter, beating the consensus estimate of $0.66 by $0.02. Annaly Capital Management had a negative net margin of 12.02% and a positive return on equity of 15.24%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $318.00 million. During the same quarter last year, the firm posted $0.72 earnings per share. On average, analysts expect Annaly Capital Management to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Annaly Capital Management Stock Performance

NYSE NLY opened at $19.86 on Tuesday. Annaly Capital Management has a one year low of $14.52 and a one year high of $21.11. The company’s 50 day moving average price is $20.11 and its 200 day moving average price is $19.73. The firm has a market capitalization of $9.94 billion, a price-to-earnings ratio of -20.47 and a beta of 1.51.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 13.09%. The ex-dividend date of this dividend is Monday, September 30th. Annaly Capital Management’s dividend payout ratio (DPR) is -268.04%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Compass Point increased their price objective on shares of Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a research report on Friday, July 26th. Wells Fargo & Company raised shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $19.00 to $23.00 in a research report on Friday, September 20th. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research report on Wednesday, August 28th. StockNews.com downgraded shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Annaly Capital Management from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $21.50.

Insider Transactions at Annaly Capital Management

In other news, CEO David L. Finkelstein sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $20.05, for a total transaction of $1,002,500.00. Following the completion of the sale, the chief executive officer now owns 612,469 shares of the company’s stock, valued at approximately $12,280,003.45. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

Annaly Capital Management Company Profile

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.