In last trading session, Annaly Capital Management Inc (NYSE:NLY) saw 2.9 million shares changing hands with its beta currently measuring 1.60. Company’s recent per share price level of $19.96 trading at -$0.05 or -0.25% at ring of the bell on the day assigns it a market valuation of $9.98B. That closing price of NLY’s stock is at a discount of -5.56% from its 52-week high price of $21.07 and is indicating a premium of 27.25% from its 52-week low price of $14.52. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.71 million shares which gives us an average trading volume of 3.83 million if we extend that period to 3-months.
Annaly Capital Management Inc (NYSE:NLY) trade information
Upright in the red during last session for losing -0.25%, in the last five days NLY remained trading in the green while hitting it’s week-highest on Friday, 03/22/24 when the stock touched $19.96 price level, adding 0.84% to its value on the day. Annaly Capital Management Inc’s shares saw a change of 3.05% in year-to-date performance and have moved 2.46% in past 5-day. Annaly Capital Management Inc (NYSE:NLY) showed a performance of 6.68% in past 30-days. Number of shares sold short was 7.18 million shares which calculate 1.73 days to cover the short interests.
Annaly Capital Management Inc (NLY) estimates and forecasts
Statistics highlight that Annaly Capital Management Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 1.11% of value to its shares in past 6 months, showing an annual growth rate of -8.39% while that of industry is -7.10. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -19.80% in the current quarter and calculating -8.30% decrease in the next quarter. This year revenue growth is estimated to rise 10.20% from the last financial year’s standing.
6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.02 billion for the same. And 6 analysts are in estimates of company making revenue of $1.03 billion in the next quarter that will end on Jun 2024. Company posted $818.25 million and $876.22 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 24.80% while estimating it to be 18.00% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -70.88% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -5.96% while estimates for its earnings growth in next 5 years are of -4.98%.
NLY Dividends
Annaly Capital Management Inc is more likely to be releasing its next quarterly report between April 24 and April 29 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Annaly Capital Management Inc (NYSE:NLY)’s Major holders
Insiders are in possession of 0.28% of company’s total shares while institution are holding 54.70 percent of that, with stock having share float percentage of 54.85%. Investors also watch the number of corporate investors in a company very closely, which is 54.70% institutions for Annaly Capital Management Inc that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at NLY for having 56.86 million shares of worth $1.13 billion. And as of Dec 30, 2023, it was holding 11.37% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group Inc, which was holding about 49.3 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 9.86% of outstanding shares, having a total worth of $984.03 million.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF are the top two Mutual Funds which own company’s shares. As of Dec 30, 2023, the former fund manager was holding 15.85 million shares of worth $316.42 million or 3.17% of the total outstanding shares. The later fund manager was in possession of 15.16 million shares on Jan 30, 2024, making its stake of worth around $302.65 million in the company or a holder of 3.03% of company’s stock.
