Annaly Capital Management (NLY) Expected to Post Earnings of $0.30 Per Share

Wall Street analysts expect Annaly Capital Management (NYSE:NLY) to post $0.30 earnings per share for the current fiscal quarter, according to Zacks. Zero analysts have made estimates for Annaly Capital Management’s earnings, with the lowest EPS estimate coming in at $0.29 and the highest estimate coming in at $0.31. Annaly Capital Management reported earnings of $0.31 per share during the same quarter last year, which would indicate a negative year over year growth rate of 3.2%. The business is expected to issue its next earnings report after the market closes on Wednesday, May 2nd.

According to Zacks, analysts expect that Annaly Capital Management will report full year earnings of $1.17 per share for the current financial year, with EPS estimates ranging from $1.07 to $1.24. For the next fiscal year, analysts expect that the firm will report earnings of $1.16 per share, with EPS estimates ranging from $1.07 to $1.25. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Annaly Capital Management.

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Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. Annaly Capital Management had a net margin of 72.18% and a return on equity of 11.66%. The company had revenue of $426.71 million for the quarter, compared to analyst estimates of $370.80 million. During the same period last year, the firm earned $0.30 earnings per share. The firm’s revenue was down 31.6% on a year-over-year basis.

A number of research firms recently issued reports on NLY. Zacks Investment Research downgraded shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Keefe, Bruyette & Woods restated a “hold” rating on shares of Annaly Capital Management in a report on Friday, February 16th. Bank of America upgraded shares of Annaly Capital Management from an “underperform” rating to a “neutral” rating in a report on Thursday, February 1st. Finally, Compass Point upgraded shares of Annaly Capital Management from a “sell” rating to a “neutral” rating in a report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $12.63.

NLY opened at $10.25 on Monday. Annaly Capital Management has a fifty-two week low of $10.00 and a fifty-two week high of $12.73. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.03 and a current ratio of 0.03. The stock has a market cap of $11,886.14, a P/E ratio of 8.40, a PEG ratio of 7.18 and a beta of 0.02.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Thursday, March 29th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.20 dividend on an annualized basis and a yield of 11.71%. Annaly Capital Management’s dividend payout ratio (DPR) is presently 98.36%.

In related news, insider Anthony C. Green acquired 23,250 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was acquired at an average price of $10.42 per share, for a total transaction of $242,265.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.43% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Annaly Capital Management by 4.0% in the fourth quarter. BlackRock Inc. now owns 98,105,683 shares of the real estate investment trust’s stock worth $1,166,474,000 after purchasing an additional 3,747,677 shares in the last quarter. APG Asset Management N.V. increased its stake in shares of Annaly Capital Management by 21.1% in the fourth quarter. APG Asset Management N.V. now owns 32,577,760 shares of the real estate investment trust’s stock worth $322,576,000 after purchasing an additional 5,671,700 shares in the last quarter. LSV Asset Management increased its stake in shares of Annaly Capital Management by 10.0% in the fourth quarter. LSV Asset Management now owns 22,726,268 shares of the real estate investment trust’s stock worth $270,215,000 after purchasing an additional 2,059,300 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Annaly Capital Management by 2.6% in the fourth quarter. Wells Fargo & Company MN now owns 14,783,364 shares of the real estate investment trust’s stock worth $175,774,000 after purchasing an additional 368,152 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Annaly Capital Management by 9.2% in the fourth quarter. Geode Capital Management LLC now owns 12,541,641 shares of the real estate investment trust’s stock worth $149,058,000 after purchasing an additional 1,052,280 shares in the last quarter. Hedge funds and other institutional investors own 60.03% of the company’s stock.

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Annaly Capital Management Company Profile

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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