Annaly Capital Management (NYSE:NLY – Get Free Report) announced its quarterly earnings data on Wednesday. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01), Yahoo Finance reports. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $212.00 million. Annaly Capital Management had a negative net margin of 12.02% and a positive return on equity of 15.24%. During the same quarter in the previous year, the business posted $0.66 earnings per share.
Annaly Capital Management Stock Performance
Shares of NLY stock traded down $0.21 during mid-day trading on Friday, hitting $19.49. 5,448,718 shares of the stock were exchanged, compared to its average volume of 4,057,342. Annaly Capital Management has a 12-month low of $14.52 and a 12-month high of $21.11. The stock has a market capitalization of $10.49 billion, a price-to-earnings ratio of -14.92 and a beta of 1.51. The stock’s fifty day simple moving average is $20.10 and its two-hundred day simple moving average is $19.74.
Annaly Capital Management Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 13.34%. The ex-dividend date is Monday, September 30th. Annaly Capital Management’s payout ratio is -195.49%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on NLY
Insider Transactions at Annaly Capital Management
In other news, CEO David L. Finkelstein sold 50,000 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $20.05, for a total transaction of $1,002,500.00. Following the completion of the sale, the chief executive officer now owns 612,469 shares in the company, valued at approximately $12,280,003.45. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.21% of the company’s stock.
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.
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