Annaly Capital Management (NLY) Set to Announce 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. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Annaly Capital Management Stock Up 1.3 %

NLY opened at $18.23 on Monday. Annaly Capital Management has a fifty-two week low of $14.52 and a fifty-two week high of $21.07. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.22 and a quick ratio of 1.22. The firm’s fifty day moving average price is $19.11 and its two-hundred day moving average price is $18.61. The company has a market capitalization of $9.12 billion, a P/E ratio of -5.05 and a beta of 1.54.

Annaly Capital Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $2.60 dividend on an annualized basis and a yield of 14.26%. Annaly Capital Management’s dividend payout ratio is currently -72.02%.

Analyst Ratings Changes

Several equities research analysts have recently commented on NLY shares. StockNews.com upgraded shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Saturday, January 27th. Compass Point started coverage on shares of Annaly Capital Management in a research note on Tuesday, April 2nd. They issued a “buy” rating and a $22.00 target price on the stock. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $21.50 target price on shares of Annaly Capital Management in a research note on Wednesday, March 27th. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $21.00 price target on shares of Annaly Capital Management in a report on Monday, February 12th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.19.

Insiders Place Their Bets

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 shares were sold at an average price of $19.03, for a total value of $951,500.00. Following the sale, the chief executive officer now directly owns 662,469 shares in the company, valued at $12,606,785.07. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Annaly Capital Management

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. grew its position in Annaly Capital Management by 166.1% in the second quarter. Goldman Sachs Group Inc. now owns 14,866,079 shares of the real estate investment trust’s stock valued at $87,858,000 after purchasing an additional 9,279,874 shares in the last quarter. State Street Corp grew its position in Annaly Capital Management by 14.0% in the second quarter. State Street Corp now owns 34,722,698 shares of the real estate investment trust’s stock valued at $212,614,000 after purchasing an additional 4,263,394 shares in the last quarter. Norges Bank bought a new position in Annaly Capital Management in the fourth quarter valued at $83,248,000. Vanguard Group Inc. grew its position in Annaly Capital Management by 2.9% in the first quarter. Vanguard Group Inc. now owns 132,287,354 shares of the real estate investment trust’s stock valued at $931,303,000 after purchasing an additional 3,668,441 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its position in Annaly Capital Management by 274,965.9% in the first quarter. Balyasny Asset Management L.P. now owns 3,168,759 shares of the real estate investment trust’s stock valued at $60,555,000 after purchasing an additional 3,167,607 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

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; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.