Annaly Capital Management (NYSE:NLY – Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Wednesday, February 7th. Analysts expect Annaly Capital Management to post earnings of $0.64 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.
Annaly Capital Management Price Performance
NLY stock opened at $19.60 on Wednesday. The company’s 50-day moving average price is $19.15 and its two-hundred day moving average price is $18.91. The firm has a market cap of $9.80 billion, a P/E ratio of -4.18 and a beta of 1.53. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.09. Annaly Capital Management has a 12 month low of $14.52 and a 12 month high of $24.43.
Annaly Capital Management Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, December 29th will be paid a $0.65 dividend. The ex-dividend date is Thursday, December 28th. This represents a $2.60 dividend on an annualized basis and a yield of 13.27%. Annaly Capital Management’s dividend payout ratio (DPR) is -55.44%.
Hedge Funds Weigh In On Annaly Capital Management
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Linscomb & Williams Inc. bought a new position in Annaly Capital Management during the 1st quarter worth approximately $165,000. Cibc World Market Inc. bought a new position in Annaly Capital Management during the first quarter worth $163,000. Jefferies Financial Group Inc. acquired a new position in Annaly Capital Management in the fourth quarter valued at $159,000. Worth Asset Management LLC bought a new stake in Annaly Capital Management during the first quarter valued at $159,000. Finally, Sunbelt Securities Inc. acquired a new stake in Annaly Capital Management during the 1st quarter worth about $154,000. 49.16% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
NLY has been the topic of a number of research analyst reports. UBS Group reaffirmed a “neutral” rating and issued a $19.00 target price on shares of Annaly Capital Management in a report on Wednesday, December 6th. StockNews.com raised Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Saturday. Royal Bank of Canada raised their price target on shares of Annaly Capital Management from $18.00 to $21.00 and gave the company an “outperform” rating in a research note on Friday, January 5th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Annaly Capital Management from $17.00 to $21.50 and gave the stock an “outperform” rating in a research report on Wednesday, December 13th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.07.
About Annaly Capital Management
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; residential mortgage loans; and agency or private label credit risk transfer securities.
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