Annaly Capital Management Inc. (NYSE:NLY) does about 17.84M shares in volume on a normal day but saw 6044819 shares change hands in Friday trading. The company now has a market cap of 10.38B USD. Its current market price is $7.46, marking an increase of 0.81% compared to the previous close of $7.40. The 52 week high reached by this stock is $10.50 whilst the lowest price level in 52 weeks is $3.51. The script in recent trading has seen the stock touch a high of $7.50 and a low of $7.40.
Annaly Capital Management Inc. (NLY) has a 20-day trading average at $7.43 and the current price is -28.95% off the 52-week high compared with 112.54% distance from its 52-week low. The 50-day simple moving average of the closing price is $7.08 and its 200-day simple moving average is $7.72. If we look at the stock’s price movements over the week, volatility stands at 2.12%, which increases to 2.16% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 58.60 to suggest the stock is neutral.
The consensus objective for the share price is $8.14, suggesting that the stock has a potential upside of 8.35% over the period. The median price target is 6.75% away from the current levels at $8.00.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 24, 2020 when Deutsche Bank upgraded the stock to “Buy” and issued a price target of. JMP Securities upgraded its price target at $7.50.
The current price level is 0.49%, 5.47%, and -3.50% away from its SMA20, SMA50, and SMA200 respectively, with the NLY price moving above the 50-day SMA on August 28. Annaly Capital Management Inc. (NLY) stock is up 2.19% over the week and -0.27% over the past month. Its price is -20.81% year-to-date and -10.23% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of $0.27 above consensus estimates by $0.05. The company’s next earnings report is expected on 10/28/2020, with forecasts estimating quarterly EPS at $0.26 and $0.99 for whole year. NLY’s earnings per share are forecast to shrink by -1.00% this year and 2.00% over next year. Expected sales for next quarter are $612.42 million, which analysts say will come at $2.36 billion for the current fiscal year and next year at $2.48 billion. In addition, estimates put the company’s current quarterly revenue at an average of $604.4 million.
To reach the target analysts have set, the stock logically needs to grow 8.35 percent from here.
Outstanding shares total 1.42B with insiders holding 0.33% of the shares and institutional holders owning 53.69% of the company’s common stock. The company has a return on investment of -1.70% and return on equity of -19.90%. The forward price to earnings ratio is 7.41. The beta has a value of 1.16. Price to book ratio is 0.90 and price to sales ratio is 55.60.
According to a U.S. Securities and Exchange Commission filing, Vanguard Total Stock Market Index has reduced its position in Annaly Capital Management Inc. (NLY) to 40,755,489 shares, mirroring a recent drop by -0.05%. Vanguard Total Stock Market Index dumped 18694.0 shares of Annaly Capital Management Inc. common stock bringing its total worth to about $302.0 million at the end of recent close, SEC documents show. Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by Vanguard Mid Cap Index Fund, which sold off -0.27 million shares to end up with 35,077,094 shares worth $259.92 million. iShares Tr – Mortgage Real Estat raise their holdings by 3.10% in the company over the course of the most recent quarter. It now holds a 1.82% position in Annaly Capital Management Inc. thanks to 26.05 million shares amounting to $193.0 million.