Brokerages forecast that ANNALY CAP MGMT/SH (NYSE:NLY) will announce earnings of $0.26 per share for the current quarter, according to Zacks. 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 in the same quarter last year, which would suggest a negative year over year growth rate of 13.3%. The company is expected to announce its next quarterly earnings report on Wednesday, August 7th.
On average, 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 year, analysts expect that the firm will report earnings of $1.03 per share, with EPS estimates ranging from $1.02 to $1.03. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for ANNALY CAP MGMT/SH.
ANNALY CAP MGMT/SH (NYSE:NLY) last posted its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.29 EPS for the quarter, hitting analysts’ consensus estimates of $0.29. The company had revenue of $218.49 million for the quarter, compared to analysts’ expectations of $435.12 million. ANNALY CAP MGMT/SH had a negative net margin of 77.68% and a positive return on equity of 12.34%. ANNALY CAP MGMT/SH’s revenue was down 57.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 EPS.
NLY has been the topic of a number of analyst reports. ValuEngine raised shares of ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. Nomura initiated coverage on shares of ANNALY CAP MGMT/SH in a report on Wednesday, March 27th. They set a “buy” rating and a $11.00 target price on the stock. UBS Group initiated coverage on shares of ANNALY CAP MGMT/SH in a report on Friday, June 21st. They set a “buy” rating and a $9.50 target price on the stock. Finally, Zacks Investment Research cut shares of ANNALY CAP MGMT/SH from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 17th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $10.75.
In other news, CEO Kevin Keyes purchased 300,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were purchased at an average price of $9.62 per share, with a total value of $2,886,000.00. Following the completion of the acquisition, the chief executive officer now owns 1,284,779 shares in the company, valued at approximately $12,359,573.98. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Thomas Edward Hamilton purchased 30,000 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was purchased at an average cost of $9.47 per share, for a total transaction of $284,100.00. Following the acquisition, the director now owns 130,000 shares of the company’s stock, valued at approximately $1,231,100. The disclosure for this purchase can be found here. Insiders have acquired a total of 482,780 shares of company stock worth $4,629,037 in the last three months. Insiders own 0.34% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in ANNALY CAP MGMT/SH by 126.7% in the fourth quarter. Bank of America Corp DE now owns 6,920,378 shares of the real estate investment trust’s stock worth $67,959,000 after acquiring an additional 3,868,272 shares in the last quarter. Semmax Financial Advisors Inc. grew its position in ANNALY CAP MGMT/SH by 33.1% in the first quarter. Semmax Financial Advisors Inc. now owns 55,752 shares of the real estate investment trust’s stock worth $557,000 after acquiring an additional 13,849 shares in the last quarter. Wedbush Securities Inc. grew its position in ANNALY CAP MGMT/SH by 5.6% in the first quarter. Wedbush Securities Inc. now owns 116,515 shares of the real estate investment trust’s stock worth $1,164,000 after acquiring an additional 6,133 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its position in ANNALY CAP MGMT/SH by 15.6% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 116,179 shares of the real estate investment trust’s stock worth $1,160,000 after acquiring an additional 15,696 shares in the last quarter. Finally, Summit Securities Group LLC purchased a new position in ANNALY CAP MGMT/SH in the first quarter worth $108,000. 57.19% of the stock is currently owned by hedge funds and other institutional investors.
NLY stock traded up $0.03 during midday trading on Friday, reaching $9.13. 21,200,220 shares of the company’s stock traded hands, compared to its average volume of 14,854,210. The firm has a 50-day moving average price of $9.19. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.08 and a quick ratio of 0.08. ANNALY CAP MGMT/SH has a 52 week low of $8.74 and a 52 week high of $10.78. The stock has a market capitalization of $13.30 billion, a price-to-earnings ratio of 7.61 and a beta of 0.36.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, June 27th. This represents a $1.00 dividend on an annualized basis and a yield of 10.95%. ANNALY CAP MGMT/SH’s payout ratio is 100.00%.
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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