Annaly Capital Management, Inc. (NYSE:NLY) has a beta value of 1.11 and has seen 5,752,896 shares traded in the recent trading session. The company, currently valued at $9.95 Billion, closed the recent trade at $7.12 per share which meant it lost -$0.32 on the day or -4.3% during that session. The NLY stock price is -47.47% off its 52-week high price of $10.5 and 50.7% above the 52-week low of $3.51. If we look at the company’s 10-day average daily trading volume, we find that it stood at 17.5 Million shares traded. The 3-month trading volume is 13.04 Million shares.
The consensus among analysts is that Annaly Capital Management, Inc. (NLY) is an Overweight stock at the moment, with a recommendation rating of 2.3. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 4 out of 11 have rated it as a Hold, with 7 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.26.
Annaly Capital Management, Inc. (NYSE:NLY) trade information
Despite being -4.3% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Sep 28 when the NLY stock price touched $7.50-5 or saw a rise of 5.53%. Year-to-date, Annaly Capital Management, Inc. shares have moved -24.79%, while the 5-day performance has seen it change -4%. Over the past 30 days, the shares of Annaly Capital Management, Inc. (NYSE:NLY) have changed -5.03%. Short interest in the company has seen 17.07 Million shares shorted with days to cover at 1.31.
Wall Street analysts have a consensus price target for the stock at $8.14, which means that the shares’ value could jump 14.33% from current levels. The projected low price target is $7.5 while the price target rests at a high of $9. In that case, then, we find that the current price level is +26.4% off the targeted high while a plunge would see the stock lose 5.34% from current levels.
Annaly Capital Management, Inc. (NLY) estimates and forecasts
4 analysts offering their estimates for the company have set an average revenue estimate of $604.4 Million for the current quarter. 4 have an estimated revenue figure of $612.42 Million for the next quarter concluding in December 01, 2020. Year-ago sales stood $919.3 Million and $1.07 Billion respectively for this quarter and the next, and analysts expect sales will grow by -34.3% for the current quarter and -43% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -10.7% over the past 5 years. Earnings growth for 2020 is a modest -1% while over the next 5 years, the company’s earnings are expected to increase by -3.25%.
Annaly Capital Management, Inc. is expected to release its next earnings report between October 28 and November 02 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.88 at a share yield of 12.32%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 10.82%.
Annaly Capital Management, Inc. (NYSE:NLY)’s Major holders
Insiders own 0.33% of the company shares, while shares held by institutions stand at 53.69% with a share float percentage of 53.87%. Investors are also buoyed by the number of investors in a company, with Annaly Capital Management, Inc. having a total of 871 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 133.38 Million shares worth more than $874.96 Million. As of June 29, 2020, Vanguard Group, Inc. (The) held 9.51% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 103.03 Million shares as of June 29, 2020. The firm’s total holdings are worth over $675.9 Million and represent 7.34% of shares outstanding.