Annaly Capital Management (NYSE:NLY) Issues Earnings Results

Annaly Capital Management (NYSE:NLY) posted its quarterly earnings data on Wednesday. The real estate investment trust reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02, Zacks reports. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $567.67 million. Annaly Capital Management had a return on equity of 16.49% and a net margin of 34.02%.

Annaly Capital Management Stock Down 3.3%

Shares of NYSE NLY traded down $0.78 during mid-day trading on Friday, reaching $23.22. 9,778,350 shares of the company were exchanged, compared to its average volume of 8,561,053. Annaly Capital Management has a twelve month low of $16.59 and a twelve month high of $24.52. The company’s 50-day simple moving average is $23.03 and its 200-day simple moving average is $21.71. The stock has a market capitalization of $15.86 billion, a P/E ratio of 8.35, a P/E/G ratio of 7.56 and a beta of 1.25.

Annaly Capital Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, December 31st will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 12.1%. The ex-dividend date is Wednesday, December 31st. Annaly Capital Management’s dividend payout ratio is 100.72%.

Analyst Ratings Changes

Several brokerages recently weighed in on NLY. BTIG Research raised shares of Annaly Capital Management from a “neutral” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Tuesday, January 6th. Jones Trading increased their target price on Annaly Capital Management from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of Annaly Capital Management in a report on Wednesday, January 21st. Barclays set a $24.00 price objective on Annaly Capital Management and gave the stock an “equal weight” rating in a report on Friday. Finally, Piper Sandler reissued an “overweight” rating and issued a $25.00 price target (up previously from $23.50) on shares of Annaly Capital Management in a research report on Thursday, January 15th. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.89.

Hedge Funds Weigh In On Annaly Capital Management

Several hedge funds and other institutional investors have recently modified their holdings of the business. Quadrant Capital Group LLC grew its holdings in shares of Annaly Capital Management by 1.4% in the 3rd quarter. Quadrant Capital Group LLC now owns 39,282 shares of the real estate investment trust’s stock worth $794,000 after purchasing an additional 524 shares during the last quarter. Jupiter Wealth Management LLC boosted its position in Annaly Capital Management by 3.4% in the second quarter. Jupiter Wealth Management LLC now owns 16,621 shares of the real estate investment trust’s stock valued at $347,000 after buying an additional 551 shares in the last quarter. CIBC Private Wealth Group LLC boosted its position in Annaly Capital Management by 23.9% in the third quarter. CIBC Private Wealth Group LLC now owns 2,859 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 552 shares in the last quarter. Rafferty Asset Management LLC grew its stake in Annaly Capital Management by 6.3% during the second quarter. Rafferty Asset Management LLC now owns 10,538 shares of the real estate investment trust’s stock worth $198,000 after buying an additional 623 shares during the last quarter. Finally, Quadcap Wealth Management LLC raised its stake in shares of Annaly Capital Management by 4.2% in the third quarter. Quadcap Wealth Management LLC now owns 21,216 shares of the real estate investment trust’s stock valued at $429,000 after acquiring an additional 849 shares during the last quarter. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management News Roundup

Here are the key news stories impacting Annaly Capital Management this week:

• Positive Sentiment: Q4 earnings and revenue beat expectations — NLY reported $0.74 EPS vs. $0.72 expected and materially stronger revenue, with management citing spread tightening and rising servicing income that supported margins. MarketBeat Q4 Results
• Positive Sentiment: Book value and portfolio dynamics improved — Zacks notes book value rose to $20.21 Y/Y and attributes results to higher yields and asset growth, supporting dividend coverage and medium-term earnings outlook. Zacks: Book Value Improves
• Positive Sentiment: Analysts raised targets and ratings — Keefe, Bruyette & Woods bumped its target to $25 and kept an Outperform view, implying further upside. Benzinga: KBW Price Target Raise
• Positive Sentiment: Additional price-target upgrade from Jones Trading — Jones Trading raised its target to $25 and moved to a Buy rating, reinforcing analyst conviction after the quarter. Benzinga: Jones Trading Upgrade
• Positive Sentiment: Independent bullish commentary and forecasts — Jones Trading and other outlets issued positive forecasts and deep-dive coverage highlighting multi-segment growth and diversification as drivers. AmericanBankingNews: Jones Trading Forecast
• Positive Sentiment: Analyst / investor writeups highlight valuation and yield appeal — recent pieces discuss NLY’s attractive yield and valuation after recent share gains, supporting interest from income-focused investors. Yahoo Finance: Q4 Deep Dive
• Neutral Sentiment: Primary materials and call transcript available — investors can review the full earnings transcript and slide deck for detail on portfolio mix, hedging and cash deployment. Seeking Alpha: Earnings Call Transcript

About Annaly Capital Management

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.