Wall Street analysts expect Annaly Capital Management, Inc. (NYSE: NLY) to post sales of $ 410.15 million for the current fiscal quarter, according to Zacks investment research. Two analysts provided earnings estimates for Annaly Capital Management, with estimates ranging from $ 393.00 million to $ 427.29 million. Annaly Capital Management reported sales of $ 447.32 million in the same quarter last year, suggesting a negative growth rate of 8.3% year-over-year. The company is expected to release its next results on Wednesday, October 27.
According to Zacks, analysts expect Annaly Capital Management to report annual revenue of $ 1.80 billion for the current fiscal year, with estimates ranging from $ 1.78 billion to $ 1. $ 82 billion. For the next fiscal year, analysts predict the company will post revenue of $ 1.58 billion, with estimates ranging from $ 1.50 billion to $ 1.66 billion. Zacks’ sales calculations are an average based on a survey of seller-side research analysts who provide coverage to Annaly Capital Management.
Annaly Capital Management (NYSE: NLY) last released its quarterly earnings data on Tuesday, July 27. The real estate investment trust reported earnings per share (EPS) of $ 0.30 for the quarter, beating the consensus estimate of $ 0.27 by $ 0.03. Annaly Capital Management achieved a return on equity of 14.28% and a net margin of 149.66%. During the same period last year, the company posted earnings per share of $ 0.27.
Several research companies have recently published reports on NLY. JMP Securities lowered its target price for Annaly Capital Management shares from $ 10.00 to $ 9.25 and set a “market outperformance” rating for the company in a report released on Friday, July 30. TheStreet downgraded Annaly Capital Management from a âb-â rating to a âcâ rating in a research report released Thursday, July 29. Finally, Piper Sandler downgraded Annaly Capital Management from an “overweight” rating to a “neutral” rating and lowered its share price target from $ 9.00 to $ 8.50 in a report released on Wednesday 6 October. One analyst assigned a sell rating to the stock, three assigned a conservation rating and four assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of âHoldâ and a consensus target price of $ 9.03.
NLY shares opened at $ 8.50 on Monday. The company has a fifty-day moving average of $ 8.59 and a 200-day moving average of $ 8.82. The company has a market cap of $ 12.28 billion, a PE ratio of 3.70, a P / E / G ratio of 1.55, and a beta of 1.24. Annaly Capital Management has a 52 week low of $ 6.92 and a 52 week high of $ 9.64.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 29. Shareholders of record on Thursday, September 30 will receive a dividend of $ 0.22 per share. This represents a dividend of $ 0.88 on an annualized basis and a return of 10.35%. The ex-dividend date is Wednesday, September 29. Annaly Capital Management’s dividend payout ratio (DPR) is currently 80.00%.
Several institutional investors and hedge funds have recently bought and sold shares in the company. Sage Capital Advisors llc increased its stake in Annaly Capital Management by 4.1% in the second quarter. Sage Capital Advisors llc now owns 30,467 Real Estate Investment Trust shares valued at $ 262,000 after acquiring an additional 1,186 shares during the period. Sippican Capital Advisors increased its position in Annaly Capital Management shares by 3.6% in the second quarter. Sippican Capital Advisors now owns 34,331 real estate investment trust shares worth $ 305,000 after purchasing an additional 1,190 shares during the period. Founders Financial Alliance LLC increased its stake in shares of Annaly Capital Management by 6.4% during the second quarter. Founders Financial Alliance LLC now owns 20,466 real estate investment trust shares valued at $ 182,000 after purchasing an additional 1,226 shares in the last quarter. Tradition Wealth Management LLC increased its stake in Annaly Capital Management by 8.3% during the first quarter. Tradition Wealth Management LLC now owns 16,088 real estate investment trust shares valued at $ 138,000 after purchasing an additional 1,231 shares during the period. Finally, Beacon Financial Advisory LLC increased its stake in Annaly Capital Management by 2.3% in the second quarter. Beacon Financial Advisory LLC now owns 56,605 real estate investment trust shares worth $ 503,000 after purchasing an additional 1,259 shares during the last quarter. 42.40% of the shares are currently held by institutional investors and hedge funds.
Company Profile Annaly Capital Management
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 Credit. The agency group invests in agency mortgage-backed securities. The Residential Credit group comprises non-branch residential mortgage assets within securitized products and entire loan markets.
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