Wells Capital Management, Inc. recently announced the acquisition of new stake in Annaly Capital Management Inc. (NYSE:NLY). The institutional investor has increased its shareholding in the Real Estate company by 3.82% to 23.18 million shares with purchase of 0.85 million shares. This fresh investment now brings its stake to 1.62% valued currently at $171.79 million. In addition, D. E. Shaw & Co. LP raised its holdings by 10.46 million to 21.19 million shares. And Norges Bank Investment Management has lifted its position by 17.97% or 2.44 million shares – to 16.0 million shares.
With over 11.77 million Annaly Capital Management Inc. (NLY) shares trading Monday and a closing price of $7.35 on the day, the dollar volume was approximately $86.52 million. The shares have shown a negative weekly performance of -1.74% and its price on 08/31/20 lost nearly -1.47%. Currently, there are 1.42B common shares owned by the public and among those 1.40B shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 11 analysts who have offered their price forecasts for NLY have a consensus price objective of $8.14. The analysts have set the share’s price value over the next 12 months at a high of $9.00 and a low of $7.50 should the stock experience a downside. Incidentally, analysts’ outlook for the Annaly Capital Management Inc. stock is 2.30 for the next 12 months. The average price target is 9.71% above its last price level and an upside to the estimated low will see the stock gain 2.0% over that period. But an upside of 18.33% will see the stock hit the forecast high price target while mean target price for the stock is $8.00.
Insiders at the company have transacted a total of 14 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 14 of these insider trades were purchases, accounting for 1,369,996 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Annaly Capital Management Inc. are Vanguard Total Stock Market Index, Vanguard Mid Cap Index Fund, and iShares Tr. – Mortgage Real Estat. Vanguard Total Stock Market Index owns 40.76 million shares of the company’s stock, all valued at over $302.0 million. The company sold 18694.0 shares recently to bring their total holdings to about 2.85% of the shares outstanding. Vanguard Mid Cap Index Fund sold -0.27 million shares to see its total holdings shrink to 35.08 million shares valued at over $259.92 million and representing 2.45% of the shares outstanding. iShares Tr. – Mortgage Real Estat bought 0.78 million shares to bring its total holdings to over 26.05 million shares at a value of $193.0 million. iShares Tr. – Mortgage Real Estat now owns shares totaling to 1.82% of the shares outstanding.
Shares of Annaly Capital Management Inc. (NYSE: NLY) opened at $7.46, unchanged from a prior closing price of $7.46. However, the script later closed the day at $7.35, down -1.47%. The company’s stock has a 5-day price change of -1.74% and 17.79% over the past three months. NLY shares are trading -21.97% year to date (YTD), with the 12-month market performance down to -11.45% lower. It has a 12-month low price of $3.51 and touched a high of $10.50 over the same period. Currently, 11.77 million shares have been traded, compared to an average intraday trading volume of 17.54 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.02%, 3.77%, and -4.82% respectively.
Institutional ownership of Annaly Capital Management Inc. (NYSE: NLY) shares accounts for 50.50% of the company’s 1.42B shares outstanding. Mutual fund holders own 23.46%, while other institutional holders and individual stakeholders account for 25.56% and 0.72% respectively.
It has a market capitalization of $10.23B and a beta (3y monthly) value of 1.16. The earnings-per-share (ttm) stands at -$1.71. The company has a debt-to-equity ratio at 6.41. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.87% over the week and 2.08% over the month.
Analysts forecast that Annaly Capital Management Inc. (NLY) will achieve an EPS of $0.26 for the current quarter, $0.26 for the next quarter and $1.01 for 2021. The lowest estimate earnings-per-share for the quarter is $0.24 while analysts give the company a high EPS estimate of $0.28. Comparatively, EPS for the current quarter was $0.21 a year ago. Earnings per share for the fiscal year are expected to decrease by -1.00%, and 1.51% over the next financial year. EPS should grow at an annualized rate of -3.25% over the next five years, compared to -10.70% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 11 brokerage firm advisors rate Annaly Capital Management Inc. (NLY) as a “Moderate Buy” at a consensus score of 2.30. Specifically, 7 Wall Street analysts polled rate the stock as a buy, while 4 of the 11 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the NLY, a number of firms have released research notes about the stock. Deutsche Bank stated their Buy rating for the stock in a research note on July 24, 2020, with the firm’s price target at. Piper Sandler coverage for the Annaly Capital Management Inc. (NLY) stock in a research note released on July 07, 2020 offered a Overweight rating with a price target of $8.25. JMP Securities was of a view on April 30, 2020 that the stock is Mkt Outperform, while BofA/Merrill gave the stock Buy rating on April 08, 2020, issuing a price target of. Wells Fargo on their part issued Equal Weight rating on December 19, 2019.