Annaly Capital Management Inc (NYSE:NLY) price on current trading day, rose 1.33% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $20.15.
A look at the stock’s price movement, the level at last check in today’s session was $19.88, moving within a range at $19.925 and $20.17. The beta value (5-Year monthly) was 1.594. Turning to its 52-week performance, $21.07 and $14.52 were the 52-week high and 52-week low respectively. Overall, NLY moved 2.57% over the past month.
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Annaly Capital Management Inc’s market cap currently stands at around $10.09 billion, with investors looking forward to this quarter’s earnings report slated for in September. The company has a Forward Dividend ratio of 2.60, with its dividend yield at 12.91%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 1.14B for the company’s revenue for the quarter, with a low and high estimate of 989.1M and 1.22B respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 4.57B, representing a 22.40% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that NLY is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
7 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 7 recommend NLY as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
NLY’s current price about 1.19% and 1.50% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 54.30, while 7-day volatility ratio is 1.13% and 1.61% in the 30-day chart. Further, Annaly Capital Management Inc (NLY) has a beta value of 1.58, and an average true range (ATR) of 0.31. Analysts have given the company’s stock an average 52-week price target of $26, forecast between a low of $20.5 and high of $34. Looking at the price targets, the low is -1.74% off recent price level in today’s trading while to achieve the yearly target high, it has to move -68.73%. Nonetheless, investors will most likely welcome a -29.03% jump to $26 which is the analysts’ median price.
If we refocus on Annaly Capital Management Inc (NYSE:NLY), historical trading data shows that trading volumes averaged 3.49 over the past 10 days and 3.84 million over the past 3 months. The company’s latest data on shares outstanding shows there are 500.08 million shares.
The 0.35% of Annaly Capital Management Inc’s shares are in the hands of company insiders while institutional holders own 53.81% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 8.85 million on 2024-07-31, giving us a short ratio of 2.15. The data shows that as of 2024-07-31 short interest in Annaly Capital Management Inc (NLY) stood at 200.0 of shares outstanding, with shares short falling to 10.5 million registered in 2024-06-28. Current price change has pushed the stock 4.00% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NLY stock continues to rise going into the next quarter.
