Is Annaly Capital Management Inc (NYSE: NLY) Proving The Doubters Wrong?

Annaly Capital Management Inc (NLY) concluded trading on Thursday at a closing price of $20.14, with 6.71 million shares of worth about $135.13 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 3.71% during that period and on September 05, 2024 the price saw a gain of about 0.70%. Currently the company’s common shares owned by public are about 500.08M shares, out of which, 499.46M shares are available for trading.

Stock saw a price change of 0.75% in past 5 days and over the past one month there was a price change of 1.92%. Year-to-date (YTD), NLY shares are showing a performance of 3.98% which increased to 0.25% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $14.52 but also hit the highest price of $21.07 during that period. The average intraday trading volume for Annaly Capital Management Inc shares is 3.97 million. The stock is currently trading 0.68% above its 20-day simple moving average (SMA20), while that difference is up 1.47% for SMA50 and it goes to 3.89% higher than SMA200.

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Annaly Capital Management Inc (NYSE: NLY) currently have 500.08M outstanding shares and institutions hold larger chunk of about 52.89% of that.

The stock has a current market capitalization of $10.09B and its 3Y-monthly beta is at 1.57. It has posted earnings per share of -$1.34 in the same period. It has a debt-to-equity ratio of 7.19. 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 0.92% while standing at 1.11% over the month.

Stock’s fiscal year EPS is expected to drop by -7.03% while it is estimated to increase by 4.56% in next year. EPS is likely to grow at an annualized rate of -2.90% for next 5-years, compared to annual growth of -70.88% made by the stock over the past 5-years.

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 Janney on June 06, 2024 offering a Buy rating for the stock and assigned a target price of $21 to it. Coverage by Compass Point stated Annaly Capital Management Inc (NLY) stock as a Buy in their note to investors on April 02, 2024, suggesting a price target of $22 for the stock. On December 06, 2023, UBS Resumed their recommendations, while on September 18, 2023, UBS Upgrade their ratings for the stock with a price target of $24. Stock get an Overweight rating from Piper Sandler on May 02, 2023.

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