Annaly Capital Management, Inc. (NYSE:NLY – Get Free Report) declared a quarterly dividend on Thursday, March 14th, RTT News reports. Investors of record on Thursday, March 28th will be paid a dividend of 0.65 per share by the real estate investment trust on Tuesday, April 30th. This represents a $2.60 annualized dividend and a yield of 13.34%. The ex-dividend date is Wednesday, March 27th.
Annaly Capital Management has decreased its dividend payment by an average of 10.6% annually over the last three years. Annaly Capital Management has a payout ratio of 95.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Annaly Capital Management to earn $2.67 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 97.4%.
Annaly Capital Management Price Performance
Shares of NYSE:NLY opened at $19.49 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.40. Annaly Capital Management has a 12 month low of $14.52 and a 12 month high of $21.07. The stock has a market cap of $9.74 billion, a P/E ratio of -5.40 and a beta of 1.54. The company has a 50 day moving average of $19.21 and a 200 day moving average of $18.74.
Analyst Ratings Changes
Get Our Latest Stock Report on Annaly Capital Management
Insiders Place Their Bets
In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $19.03, for a total value of $951,500.00. Following the completion of the transaction, the chief executive officer now directly owns 662,469 shares in the company, valued at approximately $12,606,785.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.31% of the company’s stock.
Institutional Trading of Annaly Capital Management
A number of hedge funds and other institutional investors have recently modified their holdings of NLY. Goldman Sachs Group Inc. grew its position in shares of Annaly Capital Management by 166.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 14,866,079 shares of the real estate investment trust’s stock worth $87,858,000 after buying an additional 9,279,874 shares during the period. State Street Corp grew its position in Annaly Capital Management by 14.0% during the 2nd quarter. State Street Corp now owns 34,722,698 shares of the real estate investment trust’s stock valued at $212,614,000 after purchasing an additional 4,263,394 shares during the last quarter. Norges Bank purchased a new stake in Annaly Capital Management during the 4th quarter valued at about $83,248,000. Vanguard Group Inc. grew its position in Annaly Capital Management by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 132,287,354 shares of the real estate investment trust’s stock valued at $931,303,000 after purchasing an additional 3,668,441 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its position in Annaly Capital Management by 274,965.9% during the 1st quarter. Balyasny Asset Management L.P. now owns 3,168,759 shares of the real estate investment trust’s stock valued at $60,555,000 after purchasing an additional 3,167,607 shares during the last quarter. 49.16% of the stock is owned by hedge funds and other institutional investors.
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.
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