In yesterday’s Wall Street session, Annaly Capital Management Inc (NYSE:NLY) shares traded at $19.92, down -0.65% from the previous session.
NLY stock price is now 2.30% away from the 50-day moving average and 5.30% away from the 200-day moving average. The market capitalization of the company currently stands at $9.97B.
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With the price target of $21, Janney recently initiated with Buy rating for Annaly Capital Management Inc (NYSE: NLY). On April 02, 2024, Compass Point recently initiated its ‘Buy’ rating on the stock quoting a target price of $22, while ‘UBS’ rates the stock as ‘Neutral’
In other news, Finkelstein David L, CEO and CIO sold 50,000 shares of the company’s stock on Feb 12 ’24. The stock was sold for $951,500 at an average price of $19.03. Upon completion of the transaction, the CEO and CIO now directly owns 662,469 shares in the company, valued at $13.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 06 ’23, CEO and CIO Finkelstein David L sold 50,000 shares of the business’s stock. A total of $852,000 was realized by selling the stock at an average price of $17.04. This leaves the insider owning 545,259 shares of the company worth $10.86 million. A total of 0.25% of the company’s stock is owned by insiders.
During the past 12 months, Annaly Capital Management Inc has had a low of $14.52 and a high of $21.07. The fifty day moving average price for NLY is $19.5106 and a two-hundred day moving average price translates $18.91735 for the stock.
The latest earnings results from Annaly Capital Management Inc (NYSE: NLY) was released for 2024-03-31. The net profit margin was -8.04% and return on equity was -2.90% for NLY. The company reported revenue of $1.09 billion for the quarter, compared to $818.25 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 33.76 percent.
