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

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

Annaly Capital Management Stock Up 0.5 %

Shares of NLY opened at $18.33 on Tuesday. The firm has a market capitalization of $9.17 billion, a P/E ratio of -5.08 and a beta of 1.54. Annaly Capital Management has a 12-month low of $14.52 and a 12-month high of $21.07. 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 firm has a fifty day moving average price of $19.10 and a 200-day moving average price of $18.61.

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 14.18%. The ex-dividend date is Wednesday, March 27th. Annaly Capital Management’s dividend payout ratio is currently -72.02%.

Insider Buying and Selling at Annaly Capital Management

In other news, CEO David L. Finkelstein sold 50,000 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $19.03, for a total transaction of $951,500.00. Following the transaction, the chief executive officer now owns 662,469 shares in the company, valued at $12,606,785.07. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

NLY has been the subject of a number of recent analyst reports. StockNews.com raised shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Saturday, January 27th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $21.00 price objective on shares of Annaly Capital Management in a research note on Monday, February 12th. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, April 18th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $21.50 price objective on shares of Annaly Capital Management in a research note on Wednesday, March 27th. Finally, Jonestrading upped their price objective on shares of Annaly Capital Management from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.19.

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.