Stocks of Annaly Capital Management Inc (NYSE:NLY) traded higher last session on Wall Street, up 0.34% to $20.76.
NLY stock price is now 6.63% away from the 50-day moving average and 5.22% away from the 200-day moving average. The market capitalization of the company currently stands at $11.64B.
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With the price target of $19, Barclays recently initiated with Equal Weight rating for Annaly Capital Management Inc (NYSE: NLY). On October 31, 2024, Argus Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $21, while ‘Wells Fargo’ rates the stock as ‘Overweight’
In other news, Finkelstein David L, CEO and Co-CIO sold 50,000 shares of the company’s stock on Feb 10 ’25. The stock was sold for $1,030,000 at an average price of $20.60. Upon completion of the transaction, the CEO and Co-CIO now directly owns 677,465 shares in the company, valued at $14.06 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 10 ’25, Director, Officer David L. Finkelstein bought 100,000 shares of the business’s stock. A total of $2,062,000 was incurred on buying the stock at an average price of $20.62. A total of 0.39% of the company’s stock is owned by insiders.
During the past 12 months, Annaly Capital Management Inc has had a low of $17.67 and a high of $21.11. According to the stock market information, the enterprise value for the company is $98563530752, which is based on a 13.13 price-to-earnings ratio, a 7.63 price-to-earnings-growth ratio, and a beta of 1.63. The fifty day moving average price for NLY is $19.449 and a two-hundred day moving average price translates $19.7201 for the stock.
The latest earnings results from Annaly Capital Management Inc (NYSE: NLY) was released for 2024-09-30. The net profit margin was 13.90% and return on equity was 8.40% for NLY. The company reported revenue of $1.23 billion for the quarter, compared to $1.0 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.75 percent. For the current quarter, analysts expect NLY to generate $425.59M in revenue.
