Annaly Capital Management Inc (NLY): Street Finally Waking Up

Currently, there are 500.08M common shares owned by the public and among those 499.26M shares have been available to trade.

The company’s stock has a 5-day price change of 1.61% and 0.15% over the past three months. NLY shares are trading 4.03% year to date (YTD), with the 12-month market performance up to 5.50% higher. It has a 12-month low price of $14.52 and touched a high of $21.07 over the same period. NLY has an average intraday trading volume of 3.81 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 1.27%, 1.65%, and 4.80% respectively.

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Institutional ownership of Annaly Capital Management Inc (NYSE: NLY) shares accounts for 53.87% of the company’s 500.08M shares outstanding.

It has a market capitalization of $10.10B and a beta (3y monthly) value of 1.58. The earnings-per-share (ttm) stands at -$1.34. The company has a debt-to-equity ratio at 7.19. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.01% over the week and 1.67% over the month.

Analysts forecast that Annaly Capital Management Inc (NLY) will achieve an EPS of 0.66 for the current quarter, 0.67 for the next quarter and 2.77 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.62 while analysts give the company a high EPS estimate of 0.62. Comparatively, EPS for the current quarter was 0.66 a year ago. Earnings per share for the fiscal year are expected to decrease by -7.38%, and 4.45% over the next financial year. EPS should grow at an annualized rate of -2.90% over the next five years, compared to -70.88% over the past 5-year period.

Looking at the support for the NLY, a number of firms have released research notes about the stock. Janney stated their Buy rating for the stock in a research note on June 06, 2024, with the firm’s price target at $21. Compass Point coverage for the Annaly Capital Management Inc (NLY) stock in a research note released on April 02, 2024 offered a Buy rating with a price target of $22. UBS was of a view on December 06, 2023 that the stock is Neutral, while UBS gave the stock Buy rating on September 18, 2023, issuing a price target of $21- $24. Piper Sandler on their part issued Overweight rating on May 02, 2023.

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