Annaly Capital Management (NLY) Set to Announce Quarterly Earnings on Wednesday

Annaly Capital Management (NYSE:NLY) is scheduled to release its earnings data after the market closes on Wednesday, April 24th. Analysts expect Annaly Capital Management to post earnings of $0.65 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Annaly Capital Management Trading Down 1.7 %

Shares of Annaly Capital Management stock opened at $17.71 on Wednesday. The company has a market capitalization of $8.86 billion, a P/E ratio of -4.91 and a beta of 1.54. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.40. The stock has a fifty day simple moving average of $19.16 and a 200 day simple moving average of $18.61. Annaly Capital Management has a 12-month low of $14.52 and a 12-month high of $21.07.

Annaly Capital Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be issued a dividend of $0.65 per share. The ex-dividend date is Wednesday, March 27th. This represents a $2.60 dividend on an annualized basis and a yield of 14.68%. Annaly Capital Management’s dividend payout ratio (DPR) is -72.02%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on NLY shares. Jonestrading raised their price target on Annaly Capital Management from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Compass Point began coverage on Annaly Capital Management in a research note on Tuesday, April 2nd. They set a “buy” rating and a $22.00 price objective for the company. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $21.50 price objective on shares of Annaly Capital Management in a research report on Wednesday, March 27th. StockNews.com raised Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Saturday, January 27th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $21.00 price target on shares of Annaly Capital Management in a report on Monday, February 12th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.19.

Insider Buying and Selling at Annaly Capital Management

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $19.03, for a total transaction of $951,500.00. Following the completion of the transaction, the chief executive officer now directly owns 662,469 shares of the company’s stock, valued at approximately $12,606,785.07. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.21% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Annaly Capital Management

Institutional investors have recently made changes to their positions in the business. Equitable Holdings Inc. increased its position in shares of Annaly Capital Management by 3.1% in the 4th quarter. Equitable Holdings Inc. now owns 17,455 shares of the real estate investment trust’s stock valued at $368,000 after buying an additional 523 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in Annaly Capital Management by 2.8% in the second quarter. Integrated Wealth Concepts LLC now owns 19,284 shares of the real estate investment trust’s stock valued at $386,000 after acquiring an additional 524 shares during the last quarter. Profund Advisors LLC lifted its holdings in shares of Annaly Capital Management by 4.2% during the fourth quarter. Profund Advisors LLC now owns 13,868 shares of the real estate investment trust’s stock worth $269,000 after purchasing an additional 560 shares during the period. Castleview Partners LLC lifted its holdings in shares of Annaly Capital Management by 3.9% during the second quarter. Castleview Partners LLC now owns 16,072 shares of the real estate investment trust’s stock worth $322,000 after purchasing an additional 609 shares during the period. Finally, Sowell Financial Services LLC lifted its holdings in Annaly Capital Management by 6.3% in the second quarter. Sowell Financial Services LLC now owns 14,538 shares of the real estate investment trust’s stock valued at $300,000 after buying an additional 856 shares during the period. 51.56% of the stock is currently owned by institutional investors.

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.