During the last session, Annaly Capital Management Inc. (NYSE:NLY)’s traded shares were 7.93 million, with the beta value of the company hitting 1.28. At the end of the trading day, the stock’s price was $8.53, reflecting an intraday gain of 0.24% or $0.02. The 52-week high for the NLY share is $9.64, that puts it down -13.01 from that peak though still a striking 18.87% gain since the share price plummeted to a 52-week low of $6.92. The company’s market capitalization is $12.28B, and the average intraday trading volume over the past 10 days was 16.43 million shares, and the average trade volume was 15.35 million shares over the past three months.
Annaly Capital Management Inc. (NLY) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.20. NLY has a Sell rating from 0 analyst(s) out of 13 analysts who have looked at this stock. 7 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.27.
Annaly Capital Management Inc. (NYSE:NLY) trade information
Annaly Capital Management Inc. (NLY) registered a 0.24% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.24% in intraday trading to $8.53 this Wednesday, 10/13/21, hitting a weekly high. The stock’s 5-day price performance is 0.71%, and it has moved by -1.27% in 30 days. Based on these gigs, the overall price performance for the year is 16.05%. The short interest in Annaly Capital Management Inc. (NYSE:NLY) is 37.48 million shares and it means that shorts have 3.03 day(s) to cover.
The consensus price target of analysts on Wall Street is $8.91, which implies an increase of 4.26% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $8.25 and $9.50 respectively. As a result, NLY is trading at a discount of -11.37% off the target high and 3.28% off the low.
Annaly Capital Management Inc. (NLY) estimates and forecasts
Statistics show that Annaly Capital Management Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Annaly Capital Management Inc. (NLY) shares have gone down -3.29% during the last six months, with a year-to-date growth rate more than the industry average at 0.00% against -2.70. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to shrink -15.60% this quarter and then drop -13.30% in the quarter after that. In the rating firms’ projections, revenue will decrease -0.80% compared to the previous financial year.
Revenue for the current quarter is expected to be $491.47 million as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to $499.09 million by the end of Dec 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $596.83 million and $527.34 million respectively. In this case, analysts expect current quarter sales to shrink by -17.70% and then drop by -5.40% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -30.30%. While earnings are projected to return 54.40% in 2021, the next five years will return -3.25% per annum.
Annaly Capital Management Inc. is due to release its next quarterly earnings between October 26 and November 01. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Annaly Capital Management Inc. is 0.88, with the dividend yield indicating at 10.32 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 10.73%.
Annaly Capital Management Inc. (NYSE:NLY)’s Major holders
Annaly Capital Management Inc. insiders own 0.29% of total outstanding shares while institutional holders control 44.76%, with the float percentage being 44.89%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 920 institutions own stock in it. As of Jun 29, 2021, the company held over 124.79 million shares (or 8.64% of all shares), a total value of $1.11 billion in shares.
The next largest institutional holding, with 110.31 million shares, is of Blackrock Inc.’s that is approximately 7.64% of outstanding shares. At the market price on Jun 29, 2021, these shares were valued at $979.52 million.
Also, the Mutual Funds coming in first place with the largest holdings of Annaly Capital Management Inc. (NLY) shares are Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. Data provided on Jun 29, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 39.49 million shares. This amounts to just over 2.73 percent of the company’s overall shares, with a $350.71 million market value. The same data shows that the other fund manager holds slightly less at 31.14 million, or about 2.16% of the stock, which is worth about $276.52 million.