Stocks of Annaly Capital Management Inc (NYSE:NLY) traded higher last session on Wall Street, down -1.42% to $19.48.
NLY stock price is now -0.89% away from the 50-day moving average and -1.11% away from the 200-day moving average. The market capitalization of the company currently stands at $10.92B.
With the price target maintained at $21, Argus recently Upgraded its rating from Hold to Buy for Annaly Capital Management Inc (NYSE: NLY). On September 20, 2024, Wells Fargo Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock increasing its target price from $19 to quote $23, while ‘Janney’ rates the stock as ‘Buy’
In other news, Finkelstein David L, CEO and CIO sold 50,000 shares of the company’s stock on Oct 28 ’24. The stock was sold for $962,500 at an average price of $19.25. Upon completion of the transaction, the CEO and CIO now directly owns 562,469 shares in the company, valued at $10.96 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 16 ’24, CEO and CIO Finkelstein David L sold 50,000 shares of the business’s stock. A total of $1,002,500 was realized by selling the stock at an average price of $20.05. This leaves the insider owning 612,469 shares of the company worth $11.93 million. A total of 0.18% of the company’s stock is owned by insiders.
During the past 12 months, Annaly Capital Management Inc has had a low of $17.67 and a high of $21.11. The fifty day moving average price for NLY is $19.6522 and a two-hundred day moving average price translates $19.69735 for the stock.
The latest earnings results from Annaly Capital Management Inc (NYSE: NLY) was released for 2024-09-30. The net profit margin was -0.63% and return on equity was 1.01% for NLY. The company reported revenue of $1.23 billion for the quarter, compared to $1.0 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.75 percent.
