Annaly Capital Management Inc. (NYSE: NLY) is -21.97% lower on its value in year-to-date trading and has touched a low of $3.51 and a high of $10.50 in the current 52-week trading range. The NLY stock was last observed hovering at around $7.46 in the last trading session, with the day’s loss setting it -0.11% off its average median price target of $8.00 for the next 12 months. It is also 18.33% off the consensus price target high of $9.00 offered by 11 analysts, but current levels are 2.0% higher than the price target low of $7.50 for the same period.
Currently trading at $7.35, the stock is -1.02% and 3.77% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.77 million and changing -1.47% at the moment leaves the stock -4.82% off its SMA200. NLY registered -11.45% loss for a year compared to 6-month loss of -21.73%. The firm has a 50-day simple moving average (SMA 50) of $7.30 and a 200-day simple moving average (SMA200) of $6.91.
The stock witnessed a -0.81% gain in the last 1 month and extending the period to 3 months gives it a 17.79%, and is -1.74% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.87% over the week and 2.08% over the month.
Annaly Capital Management Inc. (NLY) has around 185 employees, a market worth around $10.23B and $186.70M in sales. Fwd P/E is 7.30. Distance from 52-week low is 109.40% and -30.00% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.70%).
Annaly Capital Management Inc. (NLY) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Annaly Capital Management Inc. (NLY) is a “Overweight”. 11 analysts offering their recommendations for the stock have an average rating of 2.30, where 4 rate it as a Hold and 0 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Annaly Capital Management Inc. is expected to release its quarterly report on 10/28/2020 and quarterly earnings per share for the current quarter are estimated at $0.26 with sales reaching $604.4M over the same period.The EPS is expected to shrink by -1.00% this year, but quarterly earnings will post -37.80% year-over-year. Quarterly sales are estimated to shrink -34.30% in year-over-year returns.
Annaly Capital Management Inc. (NLY) Top Institutional Holders
871 institutions hold shares in Annaly Capital Management Inc. (NLY), with 4.69M shares held by insiders accounting for 0.33% while institutional investors hold 53.87% of the company’s shares. The shares outstanding are 1.42B, and float is at 1.40B with Short Float at 1.29%. Institutions hold 53.69% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 133.38 million shares valued at $874.96 million. The investor’s holdings represent 9.51% of the NLY Shares outstanding. As of Jun 29, 2020, the second largest holder is Blackrock Inc. with 103.03 million shares valued at $675.9 million to account for 7.34% of the shares outstanding. The other top investors are State Street Corporation which holds 39.41 million shares representing 2.81% and valued at over $258.51 million, while Wells Fargo & Company holds 1.82% of the shares totaling 25.48 million with a market value of $167.13 million.
Annaly Capital Management Inc. (NLY) Insider Activity
A total of 12 insider transactions have happened at Annaly Capital Management Inc. (NLY) in the last six months, with sales accounting for 0 and purchases happening 12 times. The most recent transaction is an insider purchase by Hamilton Thomas Edward, the company’s Director. SEC filings show that Hamilton Thomas Edward bought 200,000 shares of the company’s common stock on May 15 at a price of $5.96 per share for a total of $1.19 million. Following the purchase, the insider now owns 0.33 million shares.
Annaly Capital Management Inc. disclosed in a document filed with the SEC on May 12 that Coffey Timothy P (Chief Credit Officer) bought a total of 50,000 shares of the company’s common stock. The trade occurred on May 12 and was made at $6.00 per share for $0.3 million. Following the transaction, the insider now directly holds 88000.0 shares of the NLY stock.
Still, SEC filings show that on May 12, Green Anthony C (Chief Corporate Officer, CLO) acquired 12,500 shares at an average price of $5.92 for $73999.0. The insider now directly holds 163,500 shares of Annaly Capital Management Inc. (NLY).
Annaly Capital Management Inc. (NLY): Who are the competitors?
The company’s main competitors (and peers) include Chimera Investment Corporation (CIM) that is trading -53.38% down over the past 12 months. Invesco Mortgage Capital Inc. (IVR) is -76.77% down on the 1-year trading charts. Short interest in the company’s stock has risen 11.38% from the last report on Jul 14, 2020 to stand at a total of 15.97 million short shares sold with a short interest ratio of 1.52.