Annaly Capital Management Inc (NYSE: NLY) is 0.49% higher on its value in year-to-date trading and has touched a low of $17.67 and a high of $21.11 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 $18.12 in the last trading session, with the day’s gains setting it 0.27%.
Currently trading at $18.39, the stock is -2.34% and -4.74% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.38 million and changing 1.49% at the moment leaves the stock -6.24% off its SMA200. NLY registered -5.98% loss for a year compared to 6-month loss of -9.76%. The firm has a 50-day simple moving average (SMA 50) of $19.3246 and a 200-day simple moving average (SMA200) of $19.6199.
The stock witnessed a -6.93% gain in the last 1 month and extending the period to 3 months gives it a -6.32%, and is -2.18% 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 1.65% over the week and 1.83% over the month.
Annaly Capital Management Inc (NLY) has around 187 employees, a market worth around $10.31B and $5.85B in sales. Fwd P/E is 6.68. Profit margin for the company is -0.63%. Distance from 52-week low is 4.08% and -12.88% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.12%).
with sales reaching $422.47M over the same period.The EPS is expected to shrink by -7.49% this year, but quarterly earnings will post 1,215.30% year-over-year. Quarterly sales are estimated to grow 888.92% in year-over-year returns.
Annaly Capital Management Inc (NLY) Top Institutional Holders
843.0 institutions hold shares in Annaly Capital Management Inc (NLY), with institutional investors hold 56.40% of the company’s shares. The shares outstanding are 560.55M, and float is at 559.51M with Short Float at 3.50%. Institutions hold 56.29% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 55.64 million shares valued at $1.06 billion. The investor’s holdings represent 11.1152% of the NLY Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 48.97 million shares valued at $933.28 million to account for 9.7811 of the shares outstanding. The other top investors are STATE STREET CORP which holds 17.18 million shares representing 3.4311% and valued at over $338.43 million, while ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC holds 3.3255 of the shares totaling 16.65 million with a market value of $317.31 million.
Annaly Capital Management Inc (NLY) Insider Activity
The most recent transaction is an insider sale by Finkelstein David L, the company’s CEO and CIO. SEC filings show that Finkelstein David L sold 50,000 shares of the company’s common stock on Oct 28 ’24 at a price of $19.25 per share for a total of $0.96 million. Following the sale, the insider now owns 0.56 million shares.
Annaly Capital Management Inc disclosed in a document filed with the SEC on Aug 16 ’24 that Finkelstein David L (CEO and CIO) sold a total of 50,000 shares of the company’s common stock. The trade occurred on Aug 16 ’24 and was made at $20.05 per share for $1.0 million. Following the transaction, the insider now directly holds 0.61 million shares of the NLY stock.
Still, SEC filings show that on Aug 16 ’24, Green Anthony C (Chief Corporate Officer, CLO) disposed off 50,000 shares at an average price of $20.05 for $1.0 million. The insider now directly holds 133,828 shares of Annaly Capital Management Inc (NLY).
