Annaly Capital Management (NLY) Scheduled to Post Quarterly Earnings on Wednesday

Annaly Capital Management (NYSE:NLY – Get Rating) is set to release its earnings data after the market closes on Wednesday, February 8th. Analysts expect Annaly Capital Management to post earnings of $0.87 per share for the quarter. Individuals interested in listening to the company’s earnings conference call can do so using this link.

Annaly Capital Management Stock Performance

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Shares of NLY stock opened at $23.47 on Wednesday. The stock has a market cap of $10.98 billion, a PE ratio of 2.93 and a beta of 1.27. The stock has a 50-day moving average of $22.00 and a 200-day moving average of $22.32. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.13 and a quick ratio of 1.13. Annaly Capital Management has a one year low of $15.11 and a one year high of $31.76.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 31st. Investors of record on Friday, December 30th were issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 15.00%. The ex-dividend date of this dividend was Thursday, December 29th. Annaly Capital Management’s dividend payout ratio is currently 43.89%.

Annaly Capital Management of Institutional Trading

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ethic Inc. acquired a new position in Annaly Capital Management during the first quarter worth $71,000. Sequoia Financial Advisors LLC boosted its stake in shares of Annaly Capital Management by 20.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 13,238 shares of the real estate investment trust’s stock worth $93,000 after buying an additional 2,238 shares during the last quarter. American International Group Inc. grew its holdings in shares of Annaly Capital Management by 10.3% in the 2nd quarter. American International Group Inc. now owns 16,305 shares of the real estate investment trust’s stock valued at $96,000 after acquiring an additional 1,528 shares in the last quarter. Worth Asset Management LLC acquired a new stake in shares of Annaly Capital Management in the first quarter valued at about $159,000. Finally, Cibc World Market Inc. bought a new stake in Annaly Capital Management during the first quarter worth about $163,000. 52.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NLY has been the subject of several research analyst reports. Royal Bank of Canada decreased their price target on shares of Annaly Capital Management from $28.00 to $21.00 and set an “outperform” rating for the company in a report on Wednesday, October 5th. UBS Group lowered their price target on Annaly Capital Management to $18.50 in a report on Friday, November 4th. StockNews.com upgraded Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Thursday, January 26th. Barclays increased their target price on Annaly Capital Management from $19.00 to $24.00 in a research note on Friday, January 6th. Finally, Credit Suisse Group cut their price target on shares of Annaly Capital Management to $20.00 in a research note on Thursday, October 13th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Annaly Capital Management currently has an average rating of “Moderate Buy” and an average target price of $22.55.

Annaly Capital Management Company Profile

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Annaly Capital Management, Inc. engages in the investment and financing of residential and commercial assets. It operates through the following investment groups: Agency, Residential Credit, Commercial Credit and Middle Market Lending. The Agency group invests in agency mortgage-backed securities. The Residential Credit group involves non-agency residential mortgage assets within securitized products and whole loan markets.

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