Annaly Capital Management, Inc. (NYSE:NLY) traded at $9.08 at close of the session on Monday, May 03, made an upward move of 0.89% on its previous day’s price.
Looking at the stock we see that its previous close was $9 and the beta (5Y monthly) reads 1.29 with the day’s price range being $9.03 – 9.14. The company has a trailing 12-month PE ratio of 0. In terms of its 52-week price range, NLY has a high of $9.04 and a low of $5.48. The company’s stock has gained about 5.58% over that past 30 days.
Annaly Capital Management, Inc. has a market cap of $12.59 Billion and is expected to release its quarterly earnings report on Jul 27, 2021- Aug 02, 2021. With its Forward Dividend at 0.88 and a yield of 9.69%, the company’s investors could be anxious for the NLY stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.26, with the EPS growth for the year declined at $1.07 for 2021 and $1.06 for next year. These figures represent -0.03% and -0.01% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $509.56 Million, with a low of $421.7 Million and a high of $566.95 Million. The median projection represents growth adding up to -12.9% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2021 is expected to hit $2.1 Billion, or -5.9% down from figures reported last year.
There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the NLY stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 13 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 4 have rated the Annaly Capital Management, Inc. (NLY) stock as a Hold, while 9 rate it as a Buy. None analyst(s) rate it as outperform while none of them rated it as underperform, whereas none suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the NLY stock currently stands at 0, and the current price level is 3.25% off its SMA20 and 4.71% from its 50-day simple moving average. The RSI (14) is pointing at 64.46 while the volatility over the past week is 1.36% and drops to 1.31% over the past one month. The beta value is 1.29, while the average true range (ATR) is currently pointing at 0.14. The average price target for the stock over the next 12 months is $9.18, with the estimates having a low of $8.5 and a high of $9.75. These price ends are -6.39% and +7.38% off the current price level respectively, although investors could be excited at the prospect of a -0.88% if the NLY share price touches on the median price of $9.
Let’s briefly compare Annaly Capital Management, Inc. (NLY) stock to its peers. We find that current price change of +0.89% and +45.28% over the past 12 months for NLY betters that of Agnc Investment Corp (AGNC), which has seen its stock price fall -0.11% in the last trading session and was +44.36% over the last one year. Another of its peers Starwood Property Trust (STWD) has dropped -0.19% previous session, and was +99.54% up over the past year, while New Residential Investment Corp (NRZ) was also up 0.89% in the last session, while its price remained in the green at 45.28% over the same period. Annaly Capital Management, Inc. has a P/E ratio of 0 compared to Agnc Investment Corp’s 3.24 and Starwood Property Trust’s 22.61. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at -0.72% and -0.54%, respectively, at close of the trading.
Coming back to Annaly Capital Management, Inc. (NYSE:NLY), we note that the average 3-month trading volume was 15.27 Million, while that of the preceding 10-day period stands at 15.21 Million. Current shares outstanding are 1.4 Billion.
According to data from Thomson Reuters, insiders hold 0.29% of the company’s shares while institutions hold 46.64%. The data shows that short shares as of April 14, 2021, stood at 14.3 Million at a short ratio of 1.07. This represents a 1.02% short interest in shares outstanding on April 14, 2021. Shares short rose in April from the previous month at 13.94 Million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock +7.46% up in year-to-date price movement.