In the latest trading session, 4.77 million Annaly Capital Management Inc. (NYSE:NLY) shares changed hands as the company’s beta touched 1.31. With the company’s most recent per share price at $9.17 changed hands at -$0.01 or -0.11% at last look, the market valuation stands at $12.82B. NLY’s current price is a discount, trading about -5.13% off its 52-week high of $9.64. The share price had its 52-week low at $6.26, which suggests the last value was 31.73% up since then. When we look at Annaly Capital Management Inc.’s average trading volume, we note the 10-day average is 24.86 million shares, with the 3-month average coming to 15.05 million.
Analysts gave the Annaly Capital Management Inc. (NLY) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.20. If we narrow down to specifics, the data shows that 0 out of 13 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 6 recommended NLY as a Hold, 7 felt it is a Buy and 0 rated the stock as Underweight. Annaly Capital Management Inc.’s EPS for the current quarter is expected to be $0.27.
Annaly Capital Management Inc. (NYSE:NLY) trade information
Instantly NLY was in red as seen in intraday trades today. With action -1.29%, the performance over the past five days has been red. The drop to weekly highs of 9.38 on Monday, 06/21/21 subtracted -0.11% to the stock’s daily price. The company’s shares are showing year-to-date upside of 8.64%, with the 5-day performance at -1.29% in the red. However, in the 30-day time frame, Annaly Capital Management Inc. (NYSE:NLY) is -0.54% down. Looking at the short shares, we see there were 19.02 million shares sold at short interest cover period of 1.29 days.
The consensus price target for the stock as assigned by Wall Street analysts is $9.32, meaning bulls need an upside of 1.61% from its recent market value. According to analyst projections, NLY’s forecast low is $9.00 with $10.00 as the target high. To hit the forecast high, the stock’s price needs a -9.05% plunge from its current level, while the stock would need to tank 1.85% for it to hit the projected low.
Annaly Capital Management Inc. (NLY) estimates and forecasts
Data shows that the Annaly Capital Management Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 9.16% over the past 6 months, a 0.00% in annual growth rate that is considerably higher than the industry average of -1.80%. Year-over-year growth is forecast to reach 3.90% up from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of $514.79 million. 6 analysts are of the opinion that Annaly Capital Management Inc.’s revenue for the quarter ending Sep 2021 will be $513.04 million. The company’s revenue for the corresponding quarters a year ago was $584.81 million and $596.83 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -12.00%. The estimates for the next quarter sales put growth at -14.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -30.30%. The 2021 estimates are for Annaly Capital Management Inc. earnings to increase by 54.40%, but the outlook for the next 5-year period is at -3.25% per year.
Annaly Capital Management Inc. is expected to release its next quarterly earnings report in July. The 9.59% annual yield figure for the share gives it an annual dividend of 0.88. It is important to note, however, that the 9.59% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 10.69 per year.
Annaly Capital Management Inc. (NYSE:NLY)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.30% of Annaly Capital Management Inc. shares while 43.61% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 43.74%. There are 43.61% institutions holding the Annaly Capital Management Inc. stock share, with Vanguard Group, Inc. (The) the top institutional holder. As of Mar 30, 2021, the company held 8.85% of the shares, roughly 123.78 million NLY shares worth $1.06 billion.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 7.87% or 109.99 million shares worth $945.95 million as of Mar 30, 2021.
Among Mutual Funds, the top two as of Mar 30, 2021 were Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. With 39.28 million shares estimated at $337.81 million under it, the former controlled 2.81% of total outstanding shares. On the other hand, Vanguard Mid-Cap Index Fund held about 2.25% of the shares, roughly 31.42 million shares worth around $270.25 million.