The trading price of Annaly Capital Management Inc (NYSE:NLY) floating higher at last check on current market day and closing at $21.44, 0.14% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 13.56. In examining the 52-week price action we see that the stock hit a 52-week high of $22.05 and a 52-week low of $17.67. Over the past month, the stock has gained 6.09% in value.
Annaly Capital Management Inc, whose market valuation is $12.40 billion at the time of this writing, is expected to release its quarterly earnings report in April. The dividend yield on the company stock is 12.13%, while its Forward Dividend ratio is 2.60. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.7 per share this quarter, however they have predicted annual earnings per share of 2.82 for current year and 2.85 for next year.
Analysts have forecast the company to bring in revenue of 424.18M for the current quarter, with the likely lows of 346.95M and highs of 460.86M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 1.8B.
On the technical side, indicators suggest NLY has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned NLY a recommendation rating is 7. Out of them, 0 rate it a Hold, while 7 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Annaly Capital Management Inc (NLY) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 7.88, which symbolizes a positive outlook. A quick review shows that NLY’s price is currently 0.73% off the SMA20 and 7.16% off the SMA50. The RSI metric on the 14-day chart is currently showing 59.77, and weekly volatility stands at 1.77%. When measured over the past 30 days, the indicator reaches 1.47%. Annaly Capital Management Inc (NYSE:NLY)’s beta value is currently sitting at 1.39, while the Average True Range indicator is currently displaying 0.32. With analysts defining $21-$23 as the low and high price targets, we arrive at a consensus price target of $22 for the trailing 12-month period. The current price is about 2.05% off the estimated low and -7.28% off the forecast high, based on this estimate. Investors will be thrilled if NLY’s share price rises to $22, which is the median consensus price. At that level, NLY’s share price would be -2.61% below current price.
To see how Annaly Capital Management Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: NLY stock’s performance was 0.14% at last check in today’s session, and 11.15% in the past year. Annaly Capital Management Inc has a P/E ratio of 13.56, compared to AGNC Investment Corp.’s 10.67 and Starwood Property Trust Inc.’s 17.97.
An evaluation of the daily trading volume of Annaly Capital Management Inc (NYSE:NLY) indicates that the 3-month average is 7.62 million.
Currently, records show that 578.36 million of the company’s shares remain outstanding. The insiders hold 0.31% of outstanding shares, whereas institutions hold 59.98%. However, since the stock’s price has seen 17.16% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
