In Wednesday’s Wall Street session, Annaly Capital Management Inc (NYSE:NLY) shares traded at $21.55, up 0.65% from the previous session.
NLY stock price is now 9.92% away from the 50-day moving average and 8.90% away from the 200-day moving average. The market capitalization of the company currently stands at $12.46B.
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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 $14.6 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 0.34% 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 $21.50.
The net profit margin was 13.33% and return on equity was 8.40% for NLY. The company reported revenue of $1.34 billion for the quarter, compared to $990.35 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 35.19 percent.
