In the fourth-quarter, the company post earnings of 35 cents a share. Analysts surveyed by Thomson Reuters expected earnings of 26 cents a share for the quarter. Annaly reported revenue of $633.9 million for the quarter, easily beating analysts' estimates of $337.7 million.
"We are encouraged by the reduced uncertainty in the fixed income markets with the introduction of monetary policy tapering," Annaly chairman and CEO Wellington Denahan said in a statement. "Our commercial assets continue to build momentum, with commercial investments now representing 14% of our stockholders' equity. The lower leverage stance permits us to be opportunistic with capital deployment allowing us to strengthen earnings in future periods."
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TheStreet Ratings team rates ANNALY CAPITAL MANAGEMENT as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate ANNALY CAPITAL MANAGEMENT (NLY) a HOLD. The primary factors that have impacted our rating are mixed ? some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its notable return on equity, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself."