In today’s recent session, 0.88 million shares of the Annaly Capital Management Inc. (NYSE:NLY) have been traded, and its beta is 1.44. Most recently the company’s share price was $18.32, and it changed around -$0.41 or -2.19% from the last close, which brings the market valuation of the company to $9.23B. NLY at last check was trading at a discount to its 52-week high of $27.96, offering almost -52.62% off that amount. The share price’s 52-week low was $15.11, which indicates that the recent value has risen by an impressive 17.52% since then. We note from Annaly Capital Management Inc.’s average daily trading volume that its 10-day average is 3.2 million shares, with the 3-month average coming to 4.85 million.
Annaly Capital Management Inc. (NYSE:NLY) trade information
Instantly NLY has been showing red trend so far today with a performance of -2.19% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 19.31 on Tuesday, 05/23/23 increased the stock’s daily price by 5.13%. The company’s shares are currently down -13.09% year-to-date, but still down -3.48% over the last five days. On the other hand, Annaly Capital Management Inc. (NYSE:NLY) is -3.48% down in the 30-day period. We can see from the shorts that 21.56 million shares have been sold at a short interest cover period of 5.06 day(s).
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The consensus price target as assigned by Wall Street analysts is $21.75, which translates to bulls needing to increase their stock price by 15.77% from its current value. Analyst projections state that NLY is forecast to be at a low of $20.50 and a high of $24.00. In order for the stock price to hit the forecast high, the stock would need to plunge -31.0% from its current level, while the stock would need to crash -11.9% from its current level to reach the projected low.
Annaly Capital Management Inc. (NLY) estimates and forecasts
Annaly Capital Management Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -10.68 percent over the past six months and at a -32.23% annual growth rate that is well below the industry average of -13.40%. Moreover, analysts have decided to roll up on their fiscal year 2023 revenue estimates. The rating firms predict that it will loss -38.30% in revenue this quarter, and will report a decrease of -32.10% in the next quarter. The year-over-year growth rate is expected to be 23.60%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of $869.02 million in revenue for the current quarter. 5 analysts expect Annaly Capital Management Inc. to make $898.66 million in revenue for the quarter ending Sep 2023. The company’s sales for the same quarters a year ago were $645.62 million and $654.17 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 34.60%. Forecasts for the next quarter put sales growth at 37.40%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -6.50%. Annaly Capital Management Inc. earnings are expected to increase by -38.60% in 2023, but the outlook is negative -4.98% per year for the next five years.
Annaly Capital Management Inc.’s next quarterly earnings report is expected to be released around July 25 and July 31. The annual dividend yield of the stock is 13.88 percent and its annual dividend per share was 2.60. It is important to note, however, that the 13.88% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Annaly Capital Management Inc. (NYSE:NLY)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.24% of Annaly Capital Management Inc. shares, and 51.23% of them are in the hands of institutional investors. The stock currently has a share float of 51.35%. Annaly Capital Management Inc. stock is held by 783 institutions, with Blackrock Inc. being the largest institutional investor. By Mar 30, 2023, it held 11.12% of the shares, which is about 54.91 million shares worth $1.01 billion.
Vanguard Group, Inc. (The), with 9.59% or 47.34 million shares worth $872.72 million as of Mar 30, 2023, holds the second largest percentage of outstanding shares.
iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Feb 27, 2023. The former held 14.57 million shares worth $268.6 million, making up 2.95% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 14.18 million shares worth around $261.49 million, which represents about 2.87% of the total shares outstanding.