Annaly Capital Management Inc. (NYSE: NLY) is -11.15% lower on its value in year-to-date trading and has touched a low of $15.11 and a high of $27.96 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NLY stock was last observed hovering at around $19.10 in the last trading session, with the day’s loss setting it -0.37% off its average median price target of $21.25 for the next 12 months. It is also 21.96% off the consensus price target high of $24.00 offered by 13 analysts, but current levels are 8.63% higher than the price target low of $20.50 for the same period.
Currently trading at $18.73, the stock is -1.58% and -1.39% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.54 million and changing -1.94% at the moment leaves the stock -11.18% off its SMA200. NLY registered -25.91% loss for a year compared to 6-month loss of -5.93%.
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The stock witnessed a -3.75% gain in the last 1 month and extending the period to 3 months gives it a -11.82%, and is 0.43% 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 2.12% over the week and 2.30% over the month.
Annaly Capital Management Inc. (NLY) has around 161 employees, a market worth around $9.23B and $1.10B in sales. Fwd P/E is 6.33. Distance from 52-week low is 23.96% and -33.01% from its 52-week high. The company has generated returns on investments over the last 12 months (2.20%).
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 07/26/2023.The EPS is expected to shrink by -38.60% this year.
Annaly Capital Management Inc. (NLY) Top Institutional Holders
The shares outstanding are 489.69M, and float is at 466.59M with Short Float at 4.62%.
Annaly Capital Management Inc. (NLY) Insider Activity
A total of 24 insider transactions have happened at Annaly Capital Management Inc. (NLY) in the last six months, with sales accounting for 10 and purchases happening 14 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 -23.38% down over the past 12 months and Starwood Property Trust Inc. (STWD) that is -20.98% lower over the same period. Rithm Capital Corp. (RITM) is -20.18% down on the 1-year trading charts.