Annaly Capital Management Inc. (NLY): Insights At A Glance


Wells Capital Management, Inc. has recently announced that it has increased stake in Annaly Capital Management Inc. (NYSE:NLY) by 3.82%. After grabbing 23.18 million shares, the institutional investor is now in possession of 0.85 million shares of the Real Estate Company. The new investment brought the stake of investor firm to 1.62% having worth around $171.79 million. Moreover, D. E. Shaw & Co. LP increased its share by 10.46 million to have a control over 21.19 million shares. And Norges Bank Investment Management raised its holdings to 2.44 million shares by acquiring 16.0 million shares or 1.12% of the stake.

Annaly Capital Management Inc. (NLY) concluded trading on 08/27/20 at a closing price of $7.40, with 9.64 million shares of worth about $71.31 million changed hands on the day. Weekly performance of the stock remained positive as price took a surge of 0.95% during that period and on Thursday the price saw a gain of about 1.09%. Currently the company’s common shares owned by public are about 1.42B shares, out of which, 1.40B shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 11 analyst is covering the NLY stock and their offered price forecasts bring an average price target of $8.14. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $9.00 and could fall to a lowest price of $7.50. Analysts also issued an outlook of 2.30 for the Annaly Capital Management Inc. stock for next 12 months. The stock’s current price level is 7.27% above of average price target set by the analysts, while a rise to estimated low would result in gain of 1.33 for the stock. However, touching the estimated high of $9.00 would mean a gain of 17.78% for the stock.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 14 times over the past 12 months. They bought 1,369,996 shares in 14 of the transactions. In 0 selling transactions, insiders dumped 0 shares.

Vanguard Total Stock Market Index, Vanguard Mid Cap Index Fund, and iShares Tr. – Mortgage Real Estat are the top 3 mutual funds which are holding stakes in Annaly Capital Management Inc. Vanguard Total Stock Market Index is currently holding 40.76 million shares of worth totaling $302.0 million. The company recently came selling 18694.0 shares which brought its stake up to 2.85% of the company’s outstanding shares. Vanguard Mid Cap Index Fund sold -0.27 million shares, after which its hold over company’s outstanding shares shrunk to 2.45%, leaving 35.08 million shares with the mutual fund that have a worth of about $259.92 million. iShares Tr. – Mortgage Real Estat, after buying 26.05 million shares, have now control over 1.82% of the stake in the company. It holds 0.78 million shares of worth $193.0 million.

Annaly Capital Management Inc. (NYSE: NLY) started trading at $7.34, above $0.02 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $7.40, or with a gain of 1.09%. Stock saw a price change of 0.95% in past 5 days and over the past one month there was a price change of -0.40%. Year-to-date (YTD), NLY shares are showing a performance of -21.44% which decreased to -10.63% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.51 but also hit the highest price of $10.50 during that period. While comparing its average daily trading volume of 18.06 million shares, we see that about 9.64 million changed hands on the day. The stock is currently trading -0.37% below its 20-day simple moving average (SMA20), while that difference is up 4.74% for SMA50 and it goes to -4.38% lower than SMA200.

Wells Capital Management, Inc. acquired 23.18 million shares of Annaly Capital Management Inc. having value of about $171.79 million. Data submitted at the U.S SEC by Wells Capital Management, Inc. revealed that the firm now holds 0.85 million shares in the company valued at close to $6312473.8, or have control over 3.82% stake in the company. Annaly Capital Management Inc. (NYSE: NLY) currently have 1.42B outstanding shares and institutions hold larger chunk of about 50.50% of that. Holding of mutual funds in the company is about 23.44% while other institutional holders and individual stake holders have control over 25.61% and 0.72% of the stake respectively.

The stock has a current market capitalization of $10.42B and its 3Y-monthly beta is at 1.19. It has posted earnings per share of -$1.71 in the same period. It has a debt-to-equity ratio of 6.41. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NLY, volatility over the week remained 2.10% while standing at 2.19% over the month.

Analysts are in expectations that Annaly Capital Management Inc. (NLY) stock would likely to be making an EPS of $0.26 in the current quarter, while forecast for next quarter ESPS is $0.26 and it is $1.01 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.24 which is $0.28 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.21 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -3.00% while it is estimated to increase by 2.78% in next year. EPS is likely to grow at an annualized rate of -3.25% for next 5-years, compared to annual growth of -10.70% made by the stock over the past 5-years.

Analysts at 11 brokerage firms have issued recommendations for the Annaly Capital Management Inc. (NLY)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.30. Out of those 11 Wall Street analysts, 7 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Deutsche Bank on July 24, 2020 offering a Buy rating for the stock and assigned a target price of to it. Coverage by Piper Sandler stated Annaly Capital Management Inc. (NLY) stock as an Overweight in their note to investors on July 07, 2020, suggesting a price target of $8.25 for the stock. On April 30, 2020, JMP Securities Upgrade their recommendations, while on April 08, 2020, BofA/Merrill Upgrade their ratings for the stock with a price target of. Stock get an Equal weight rating from Wells Fargo on December 19, 2019.


Please enter your comment!
Please enter your name here