The stock of Annaly Capital Management Inc. (NYSE:NLY) last traded at $20.51, up 3.01% from the previous session.
Data from the available sources indicates that Annaly Capital Management Inc. (NYSE:NLY) is covered by 11 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $24.00 and a low of $18.50, we find $19.50. Given the previous closing price of $19.91, this indicates a potential downside of -2.06 percent. NLY stock price is now 5.19% away from the 50-day moving average and -17.53% away from the 200-day moving average. The market capitalization of the company currently stands at $9.60B.
In total, 6 analysts have assigned it a hold rating, and 4 have given it a buy rating. Brokers who have rated the stock have averaged $20.03 as their price target over the next twelve months.
With the price target enhanced from $6 to $19, Barclays Upgraded its rating from Equal Weight to Overweight for Annaly Capital Management Inc. (NYSE: NLY). On June 09, 2022, Keefe Bruyette Upgraded its previous ‘Mkt Perform’ rating to ‘Outperform’ on the stock increasing its target price from $6.25 to quote $6.75, while ‘BofA Securities’ rates the stock as ‘Neutral’.
In other news, Finkelstein David L, CEO and President bought 200,000 shares of the company’s stock on Jun 17. The stock was bought for $1,112,000 at an average price of $5.56. Upon completion of the transaction, the CEO and President now directly owns 1,669,013 shares in the company, valued at $34.23 million. Insiders disposed of 205,892 shares of company stock worth roughly $4.22 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NLY stock. A new stake in Annaly Capital Management Inc. shares was purchased by MILLENNIUM MANAGEMENT LLC during the first quarter worth $53,566,000. QUBE RESEARCH & TECHNOLOGIES LTD invested $44,603,000 in shares of NLY during the first quarter. In the first quarter, RETIREMENT SYSTEMS OF ALABAMA acquired a new stake in Annaly Capital Management Inc. valued at approximately $16,127,000. JUPITER ASSET MANAGEMENT LTD acquired a new stake in NLY for approximately $14,852,000. WORLDQUANT MILLENNIUM ADVISORS LLC purchased a new stake in NLY valued at around $13,440,000 in the second quarter. In total, there are 894 active investors with 55.50% ownership of the company’s stock.
With an opening price of $19.91 on Monday morning, Annaly Capital Management Inc. (NYSE: NLY) set off the trading day. During the past 12 months, Annaly Capital Management Inc. has had a low of $15.11 and a high of $34.16. The fifty day moving average price for NLY is $19.50 and a two-hundred day moving average price translates $24.87 for the stock.
The latest earnings results from Annaly Capital Management Inc. (NYSE: NLY) was released for Sep, 2022. According to the REIT – Mortgage Company, earnings per share came in at $1.06, beating analysts’ expectations of $0.99 by 0.07. This compares to $1.36 EPS in the same period last year. The net profit margin was 73.60% and return on equity was 29.00% for NLY. The company reported revenue of $678.49 million for the quarter, compared to $412.97 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 64.29 percent. For the current quarter, analysts expect NLY to generate $643.36M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/31/2022. Investors who held shares on 09/30/2022 were paid a $0.88 dividend. On an annualized basis, this represents a $3.52 dividend and a 17.16% percent yield. There was an ex-dividend date of 09/29/2022 for this dividend. In terms of dividend payout ratio, NLY is presently at 43.80%.
Annaly Capital Management Inc.(NLY) Company Profile
Annaly Capital Management, Inc., a diversified capital manager, engages in mortgage finance and corporate middle market lending. The company invests in agency mortgage-backed securities, mortgage servicing rights, Agency commercial mortgage-backed securities, non-Agency residential mortgage assets, residential mortgage loans, credit risk transfer securities, corporate debts, and other commercial real estate investments. It has elected to be taxed as a real estate investment trust (REIT). As a REIT, it is not subject to federal income tax to the extent that it distributes its taxable income to its shareholders. The company was founded in 1996 and is based in New York, New York.