Annaly Capital Management, Inc. (NYSE:NLY) announced a quarterly dividend on Thursday, December 14th, RTT News reports. Investors of record on Friday, December 29th will be given a dividend of 0.30 per share by the real estate investment trust on Wednesday, January 31st. This represents a $1.20 annualized dividend and a dividend yield of 10.55%. The ex-dividend date is Thursday, December 28th.
Annaly Capital Management has a payout ratio of 100.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Annaly Capital Management to earn $1.23 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 97.6%.
Shares of Annaly Capital Management (NLY) opened at $11.37 on Thursday. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.27. Annaly Capital Management has a 1-year low of $10.08 and a 1-year high of $12.73. The company has a market cap of $13,180.00, a PE ratio of 4.55, a price-to-earnings-growth ratio of 2.16 and a beta of 0.22.
In other Annaly Capital Management news, CFO Glenn Votek acquired 25,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was purchased at an average price of $11.73 per share, with a total value of $293,250.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Wellington Denahan acquired 125,280 shares of the business’s stock in a transaction dated Thursday, December 7th. The shares were acquired at an average cost of $11.97 per share, with a total value of $1,499,601.60. Following the transaction, the chairman now owns 1,798,414 shares in the company, valued at $21,527,015.58. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 460,080 shares of company stock valued at $5,239,984. 0.43% of the stock is currently owned by insiders.
Several equities analysts have recently issued reports on NLY shares. ValuEngine lowered shares of Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 26th. Zacks Investment Research raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Friday, October 6th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $12.21.
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Annaly Capital Management Company Profile
Annaly Capital Management, Inc is a mortgage real estate investment trust (REIT). The Company owns a portfolio of real estate related investments. Its investment groups primarily consist of Agency, which invests primarily in various types of Agency mortgage-backed securities and related derivatives to hedge these investments; Residential credit, which invests primarily in non-Agency mortgage-backed assets within securitized products and residential mortgage loan markets; Commercial real estate, which originates and invests in commercial mortgage loans, securities, and other commercial real estate investments, and Middle market, which provides customized debt financing to middle-market businesses.
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