Annaly Capital Management Inc (NYSE:NLY) shares traded 0.67% higher at $18.05 on Wall Street last session.
In accordance with the data, 11 analysts cover Annaly Capital Management Inc (NYSE:NLY). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $19.00 and a low of $16.00, we find $18.00. Given the previous closing price of $17.93, this indicates a potential upside of 0.39 percent. NLY stock price is now 4.06% away from the 50-day moving average and -5.29% away from the 200-day moving average. The market capitalization of the company currently stands at $9.03B.
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It has been rated a hold by 6 analysts and a buy by 5. Brokers who have rated the stock have averaged $17.78 as their price target over the next twelve months.
In other news, Finkelstein David L, CEO and CIO sold 50,000 shares of the company’s stock on Nov 06. The stock was sold for $852,000 at an average price of $17.04. Upon completion of the transaction, the CEO and CIO now directly owns 545,259 shares in the company, valued at $9.84 million. Insiders disposed of 246,289 shares of company stock worth roughly $4.45 million over the past 1 year. A total of 0.31% of the company’s stock is owned by insiders.
Annaly Capital Management Inc (NYSE: NLY) opened at $17.93 on Thursday. During the past 12 months, Annaly Capital Management Inc has had a low of $14.52 and a high of $24.80. The fifty day moving average price for NLY is $17.32 and a two-hundred day moving average price translates $19.04 for the stock.
The latest earnings results from Annaly Capital Management Inc (NYSE: NLY) was released for Sep, 2023. According to the REIT – Mortgage Company, earnings per share came in at $0.66, missing analysts’ expectations of $0.69 by -0.03. This compares to -$0.70 EPS in the same period last year. The net profit margin was -36.81% and return on equity was -19.86% for NLY. The company reported revenue of $1.0 billion for the quarter, compared to $678.49 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 47.61 percent. For the current quarter, analysts expect NLY to generate $991.16M in revenue.
Annaly Capital Management Inc(NLY) Company Profile
Annaly Capital Management, Inc., a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; residential mortgage loans; and agency or private label credit risk transfer securities. It has elected to be taxed as a real estate investment trust (REIT). As a REIT, it is not subject to federal income tax to the extent that it distributes its taxable income to its shareholders. The company was incorporated in 1996 and is based in New York, New York.
