Annaly Capital Management (NLY) to Release Quarterly Earnings on Wednesday

Annaly Capital Management (NYSE:NLY) is expected to be posting its quarterly earnings results before the market opens on Wednesday, February 5th. Analysts expect Annaly Capital Management to post earnings of $0.67 per share and revenue of $422.47 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Annaly Capital Management Price Performance

NLY opened at $19.91 on Wednesday. Annaly Capital Management has a 12-month low of $17.67 and a 12-month high of $21.11. The stock has a market capitalization of $11.16 billion, a PE ratio of -284.40 and a beta of 1.51. The firm’s fifty day moving average price is $19.25 and its 200 day moving average price is $19.70.

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.65 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.06%. Annaly Capital Management’s dividend payout ratio (DPR) is presently -3,714.29%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on NLY shares. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. JPMorgan Chase & Co. lowered their price target on Annaly Capital Management from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Royal Bank of Canada raised their price objective on Annaly Capital Management from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Monday. Barclays initiated coverage on shares of Annaly Capital Management in a research note on Monday, January 6th. They set an “equal weight” rating and a $19.00 target price for the company. Finally, Argus upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Annaly Capital Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.22.

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.