Annaly Capital Management: Q4 Earnings Insights

Shares of Annaly Capital Management NLY moved lower in after-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share were up 15.38% year over year to $0.30, which beat the estimate of $0.29.

Revenue of $527,344,000 decreased by 50.90% year over year, which missed the estimate of $551,320,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Annaly Capital Management hasn't issued any revenue guidance for the time being.

Price Action

52-week high: $10.50

52-week low: $3.51

Price action over last quarter: Up 21.97%

Company Overview

Annaly Capital Management Inc is an American mortgage real estate investment trust. The company segments its operations into Residential and Commercial real estate investments. While Annaly's Residential assets are primarily comprised of agency mortgage-backed securities and debentures, it is primarily invested in commercial mortgage loans and mortgage-backed securities in its Commercial unit through its subsidiary, Annaly Commercial Real Estate Group. Agency mortgage-backed securities and debentures make up the majority of the company's overall portfolio. Most of the company's counterparties are located in the U.S. Annaly generates nearly all of its revenue from the spread between interest earned on its assets and interest payments made on its borrowings.