There is little time left for Annaly Capital Management Inc (NLY) to reach its 1-year target estimate. How soon will it surpass it?

The stock of Annaly Capital Management Inc (NYSE:NLY) last traded at $17.39, up 0.23% from the previous session.

Data from the available sources indicates that Annaly Capital Management Inc (NYSE:NLY) is covered by 10 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $18.00 and a low of $16.00, we find $18.00. Given the previous closing price of $17.35, this indicates a potential upside of 3.75 percent. NLY stock price is now -5.04% away from the 50-day moving average and -11.01% away from the 200-day moving average. The market capitalization of the company currently stands at $8.70B.

In total, 5 analysts have assigned it a hold rating, and 5 have given it a buy rating. Brokers who have rated the stock have averaged $17.29 as their price target over the next twelve months.

With the price target enhanced from $21 to $24, UBS Upgraded its rating from Neutral to Buy for Annaly Capital Management Inc (NYSE: NLY).

In other news, Finkelstein David L, CEO and CIO sold 50,000 shares of the company’s stock on Nov 06. The stock was sold for $852,000 at an average price of $17.04. Upon completion of the transaction, the CEO and CIO now directly owns 545,259 shares in the company, valued at $9.48 million. Insiders disposed of 196,289 shares of company stock worth roughly $3.41 million over the past 1 year. A total of 0.32% of the company’s stock is owned by insiders.

With an opening price of $17.30 on Wednesday 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 $14.52 and a high of $24.80. The fifty day moving average price for NLY is $18.31 and a two-hundred day moving average price translates $19.54 for the stock.

The latest earnings results from Annaly Capital Management Inc (NYSE: NLY) was released for Sep, 2023. According to the REIT – Mortgage Company, earnings per share came in at $0.72, missing analysts’ expectations of $0.74 by -0.02. This compares to -$0.70 EPS in the same period last year. The net profit margin was -36.81% and return on equity was -19.86% for NLY. The company reported revenue of $1.0 billion for the quarter, compared to $678.49 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 47.61 percent. For the current quarter, analysts expect NLY to generate $963.94M in revenue.

Related Posts