Annaly Capital Management Inc. [NLY] Stock trading around $8.16 per share: What’s Next?

Annaly Capital Management Inc. [NYSE: NLY] loss 0.00% or 0.0 points to close at $8.16 with a heavy trading volume of 5722138 shares. The company report on November 23, 2020 that Annaly Capital Management, Inc. Announces Redemption of All 18,400,000 Outstanding Shares of 7.50% Series D Cumulative Redeemable Preferred Stock.

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Annaly Capital Management, Inc. (NYSE: NLY), a Maryland corporation (“Annaly” or the “Company”), provided notice to the record holders (the “Notice of Redemption”) of the Company’s 7.50% Series D Cumulative Redeemable Preferred Stock (the “Series D Preferred Stock”) of the redemption of all 18,400,000 of the issued and outstanding shares of Series D Preferred Stock. The cash redemption amount (the “Redemption Amount”) for each share of Series D Preferred Stock is $25.00 plus accrued and unpaid dividends to, but not including, the redemption date of December 23, 2020 (the “Redemption Date”).

On the Redemption Date, dividends on the Series D Preferred Stock will cease to accumulate and all rights relating to the Series D Preferred Stock will terminate, except the right to receive the Redemption Amount. Payment of the Redemption Amount will be made only upon delivery and surrender of the Series D Preferred Stock to Computershare Inc., the Company’s redemption and paying agent, during its normal business hours at the address specified in the Notice of Redemption.

It opened the trading session at $8.18, the shares rose to $8.22 and dropped to $8.08, the range by which the price of stock traded the whole day. The daily chart for NLY points out that the company has recorded 29.94% gains over the past six months. However, it is still -132.48% lower than its most recent low trading price.

If we look at the average trading volume of 12.82M shares, NLY reached to a volume of 5722138 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Annaly Capital Management Inc. [NLY]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NLY shares is $8.45 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NLY stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BTIG Research have made an estimate for Annaly Capital Management Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 24, 2020. The new note on the price target was released on July 24, 2020, representing the official price target for Annaly Capital Management Inc. stock. Previously, the target price had yet another raise to $8.25, while Piper Sandler analysts kept a Overweight rating on NLY stock.

The Average True Range (ATR) for Annaly Capital Management Inc. is set at 0.20, with the Price to Sales ratio for NLY stock in the period of the last 12 months amounting to 8.97. The Price to Book ratio for the last quarter was 0.94, with the Price to Cash per share for the same quarter was set at 0.89.

Trading performance analysis for NLY stock

Annaly Capital Management Inc. [NLY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.08. With this latest performance, NLY shares gained by 16.91% in over the last four-week period, additionally plugging by 29.94% over the last 6 months – not to mention a drop of -12.07% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NLY stock in for the last two-week period is set at 70.34, with the RSI for the last a single of trading hit 73.11, and the three-weeks RSI is set at 65.72 for Annaly Capital Management Inc. [NLY]. The present Moving Average for the last 50 days of trading for this stock 7.39, while it was recorded at 8.09 for the last single week of trading, and 7.05 for the last 200 days.

Annaly Capital Management Inc. [NLY]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Annaly Capital Management Inc. [NLY] shares currently have an operating margin of -119.81 and a Gross Margin at +98.69. Annaly Capital Management Inc.’s Net Margin is presently recorded at -119.20.

Return on Total Capital for NLY is now -1.88, given the latest momentum, and Return on Invested Capital for the company is -9.10. Return on Equity for this stock declined to -14.47, with Return on Assets sitting at -1.83. When it comes to the capital structure of this company, Annaly Capital Management Inc. [NLY] has a Total Debt to Total Equity ratio set at 711.28. Additionally, NLY Total Debt to Total Capital is recorded at 87.67, with Total Debt to Total Assets ending up at 86.21. Long-Term Debt to Equity for the company is recorded at 65.80, with the Long-Term Debt to Total Capital now at 7.09.

Reflecting on the efficiency of the workforce at the company, Annaly Capital Management Inc. [NLY] managed to generate an average of -$11,691,162 per employee. Receivables Turnover for the company is 4.12 with a Total Asset Turnover recorded at a value of 0.02.

Annaly Capital Management Inc. [NLY]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Annaly Capital Management Inc. posted 0.26/share EPS, while the average EPS was predicted by analysts to be reported at 0.24/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 8.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NLY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Annaly Capital Management Inc. go to -3.25%.

An analysis of insider ownership at Annaly Capital Management Inc. [NLY]

There are presently around $5,325 million, or 48.30% of NLY stock, in the hands of institutional investors. The top three institutional holders of NLY stocks are: VANGUARD GROUP INC with ownership of 122,943,580, which is approximately -7.824% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 101,412,261 shares of the stock with an approximate value of $827.52 million in NLY stocks shares; and STATE STREET CORP, currently with $273.51 million in NLY stock with ownership of nearly -14.943% of the company’s market capitalization.

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Positions in Annaly Capital Management Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 314 institutional holders increased their position in Annaly Capital Management Inc. [NYSE:NLY] by around 48,339,986 shares. Additionally, 299 investors decreased positions by around 79,857,303 shares, while 133 investors held positions by with 524,405,873 shares. The mentioned changes placed institutional holdings at 652,603,162 shares, according to the latest SEC report filing. NLY stock had 88 new institutional investments in for a total of 19,814,248 shares, while 78 institutional investors sold positions of 9,090,318 shares during the same period.

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