Annaly Capital Management Inc (NYSE: NLY) is 1.86% higher on its value in year-to-date trading and has touched a low of $14.52 and a high of $21.07 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 $20.12 in the last trading session, with the day’s loss setting it -0.39%.
Currently trading at $19.73, the stock is 1.05% and 2.42% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.81 million and changing -1.94% at the moment leaves the stock 3.30% off its SMA200. NLY registered 4.23% gain for a year compared to 6-month loss of 0.05%.
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The stock witnessed a 4.78% gain in the last 1 month and extending the period to 3 months gives it a -2.62%, and is 0.61% 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 1.50% over the week and 1.52% over the month.
Annaly Capital Management Inc (NLY) has around 187 employees, a market worth around $9.87B and $5.61B in sales. Fwd P/E is 7.29. Profit margin for the company is -31.83%. Distance from 52-week low is 35.88% and -6.36% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.37%).
Annaly Capital Management Inc quarterly earnings per share for the current quarter are estimated at $0.65 with sales reaching $1.02B over the same period.The EPS is expected to shrink by -5.96% this year, but quarterly earnings will post 10.20% year-over-year. Quarterly sales are estimated to grow 24.80% in year-over-year returns.
Annaly Capital Management Inc (NLY) Top Institutional Holders
776 institutions hold shares in Annaly Capital Management Inc (NLY), with institutional investors hold 54.85% of the company’s shares. The shares outstanding are 500.08M, and float is at 498.18M with Short Float at 1.44%. Institutions hold 54.69% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 56.15 million shares valued at $1.12 billion. The investor’s holdings represent 11.37% of the NLY Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 47.76 million shares valued at $955.7 million to account for 9.67% of the shares outstanding. The other top investors are Allspring Global Investments Holdings, LLC which holds 16.54 million shares representing 3.35% and valued at over $331.0 million, while State Street Corporation holds 3.33% of the shares totaling 16.43 million with a market value of $328.67 million.
Annaly Capital Management Inc (NLY) Insider Activity
The most recent transaction is an insider sale by Finkelstein David L,the company’sCEO and CIO. SEC filings show that Finkelstein David L sold 50,000 shares of the company’s common stock on Feb 12 ’24 at a price of $19.03 per share for a total of $0.95 million. Following the sale, the insider now owns 0.66 million shares.
Annaly Capital Management Inc disclosed in a document filed with the SEC on Nov 06 ’23 that Finkelstein David L (CEO and CIO) sold a total of 50,000 shares of the company’s common stock. The trade occurred on Nov 06 ’23 and was made at $17.04 per share for $0.85 million. Following the transaction, the insider now directly holds 0.55 million shares of the NLY stock.
