In recent trading session, Annaly Capital Management Inc (NYSE:NLY) saw 1.27 million shares changing hands at last check today with its beta currently measuring 1.58. Company’s recent per share price level of $20.51 trading at $0.11 or 0.54% at last check today assigns it a market valuation of $11.04B. That most recent trading price of NLY’s stock is at a discount of -2.93% from its 52-week high price of $21.11 and is indicating a premium of 29.21% 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 7.64 million shares which gives us an average trading volume of 4.85 million if we extend that period to 3-months.
For Annaly Capital Management Inc (NLY), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.77. Splitting up the data highlights that, out of 7 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 7 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.67 in the current quarter.
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Annaly Capital Management Inc (NYSE:NLY) trade information
Upright in the green today for gaining 0.54%, in the last five days NLY remained trading in the red while hitting it’s week-highest on Monday, 09/23/24 when the stock touched $20.51 price level, adding 1.63% to its value on the day. Annaly Capital Management Inc’s shares saw a change of 5.89% in year-to-date performance and have moved -1.77% in past 5-day. Annaly Capital Management Inc (NYSE:NLY) showed a performance of 2.60% in past 30-days. Number of shares sold short was 7.63 million shares which calculate 1.72 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 24.5 to the stock, which implies a rise of 16.29% to its recent value today. Analysts have been projecting 20.5 as a low price target for the stock while placing it at a high target of 34. It follows that stock’s current price would jump 0.05% in reaching the projected high whereas dropping to the targeted low would mean a gain of 0.05% for stock’s current value.
Annaly Capital Management Inc (NLY) estimates and forecasts
Statistics highlight that Annaly Capital Management Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 4.16% of value to its shares in past 6 months, showing an annual growth rate of -6.64% while that of industry is -14.90. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 22.40% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.14B for the same. And 7 analysts are in estimates of company making revenue of 1.15B in 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 -7.03% while estimates for its earnings growth in next 5 years are of -2.90%.
NLY Dividends
Annaly Capital Management Inc is more likely to be releasing its next quarterly report on 2024-Oct-23 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. With an annual yield of 12.68%, the share has a forward dividend of 2.60 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 13.54%.
Annaly Capital Management Inc (NYSE:NLY)’s Major holders
Insiders are in possession of 0.21% of company’s total shares while institution are holding 49.14 percent of that, with stock having share float percentage of 49.24%. Investors also watch the number of corporate investors in a company very closely, which is 49.14% 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 55.64 million shares of worth $1.06 billion. And as of 2024-06-30, it was holding 11.1152 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 48.97 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.7811 of outstanding shares, having a total worth of $933.28 million.
