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Annaly Capital Management Inc. (NLY) on Track to Reach $21.00 in a Year

Annaly Capital Management Inc. (NYSE: NLY) is 7.87% higher on its value in year-to-date trading and has touched a low of $15.11 and a high of $31.76 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NLY stock was last observed hovering at around $22.46 in the last trading session, with the day’s gains setting it 0.28% off its average median price target of $21.00 for the next 12 months. It is also 5.25% off the consensus price target high of $24.00 offered by 13 analysts, but current levels are -22.92% lower than the price target low of $18.50 for the same period.

Currently trading at $22.74, the stock is 2.82% and 5.98% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.76 million and changing 1.25% at the moment leaves the stock -3.17% off its SMA200. NLY registered -27.02% loss for a year compared to 6-month loss of -12.13%.

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The stock witnessed a 6.36% gain in the last 1 month and extending the period to 3 months gives it a 33.53%, and is 0.04% up 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 1.56% over the week and 2.07% over the month.

Annaly Capital Management Inc. (NLY) has around 171 employees, a market worth around $10.51B and $3.97B in sales. Current P/E ratio is 2.83 and Fwd P/E is 6.51. Profit margin for the company is 73.60%. Distance from 52-week low is 50.50% and -28.40% from its 52-week high. The company has generated returns on investments over the last 12 months (3.30%).

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”. 13 analysts offering their recommendations for the stock have an average rating of 2.50, where 7 rate it as a Hold and 1 think it is a “Overweight”. 5 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 04/26/2023.The EPS is expected to grow by 318.80% this year.

Annaly Capital Management Inc. (NLY) Top Institutional Holders

The shares outstanding are 467.87M, and float is at 466.49M with Short Float at 5.11%.

Annaly Capital Management Inc. (NLY) Insider Activity

A total of 0 insider transactions have happened at Annaly Capital Management Inc. (NLY) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider purchase by Finkelstein David L,the company’sCEO and President. SEC filings show that Finkelstein David L bought 200,000 shares of the company’s common stock on Jun 17 at a price of $5.56 per share for a total of $1.11 million. Following the purchase, the insider now owns 1.67 million shares.

Annaly Capital Management Inc. (NLY): Who are the competitors?

The company’s main competitors (and peers) include AGNC Investment Corp. (AGNC) that is trading -23.44% down over the past 12 months and Starwood Property Trust Inc. (STWD) that is -17.17% lower over the same period. Rithm Capital Corp. (RITM) is -16.85% down on the 1-year trading charts.

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