Friday, January 15, 2021

Keefe Bruyette lifts Annaly Capital Management Inc. [NLY] price estimate. Who else is bullish?

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Annaly Capital Management Inc. [NYSE: NLY] loss -1.33% on the last trading session, reaching $8.18 price per share at the time. The company report on December 31, 2020 that Annaly Capital Management, Inc. Announces Share Repurchase Program of $1.5 Billion.

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Annaly Capital Management, Inc. (NYSE:NLY) (“Annaly” or the “Company”) announced that its Board of Directors has authorized a new share repurchase program. Under the repurchase program, the Company may repurchase up to $1.5 billion of its outstanding shares of common stock through December 31, 2021.


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The new repurchase program replaces the Company’s existing $1.5 billion share repurchase program, which expires on December 31, 2020.

Annaly Capital Management Inc. represents 1.40 billion in outstanding shares, while the company has a total market value of $11.34 billion with the latest information. NLY stock price has been found in the range of $8.18 to $8.35.

If compared to the average trading volume of 12.71M shares, NLY reached a trading volume of 9320123 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 $8.67 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 1.90. 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.

Keefe Bruyette have made an estimate for Annaly Capital Management Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on December 18, 2020. While these analysts kept the previous recommendation, Jefferies raised their target price to Buy. The new note on the price target was released on December 14, 2020, representing the official price target for Annaly Capital Management Inc. stock. Previously, the target price had yet another raise to $9, while Argus analysts kept a Buy rating on NLY stock.

The Average True Range (ATR) for Annaly Capital Management Inc. is set at 0.16, with the Price to Sales ratio for NLY stock in the period of the last 12 months amounting to 8.92. 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] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.61. With this latest performance, NLY shares dropped by -1.45% in over the last four-week period, additionally plugging by 23.01% over the last 6 months – not to mention a drop of -14.26% 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 47.44, with the RSI for the last a single of trading hit 41.18, and the three-weeks RSI is set at 51.44 for Annaly Capital Management Inc. [NLY]. The present Moving Average for the last 50 days of trading for this stock 8.01, while it was recorded at 8.22 for the last single week of trading, and 7.07 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 $5,198 million, or 47.90% 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 0.43% of the total institutional ownership; BLACKROCK INC., holding 101,412,261 shares of the stock with an approximate value of $829.55 million in NLY stocks shares; and STATE STREET CORP, currently with $274.18 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 February and at the time of the February reporting period, where 306 institutional holders increased their position in Annaly Capital Management Inc. [NYSE:NLY] by around 48,560,503 shares. Additionally, 293 investors decreased positions by around 78,975,019 shares, while 132 investors held positions by with 507,927,616 shares. The mentioned changes placed institutional holdings at 635,463,138 shares, according to the latest SEC report filing. NLY stock had 81 new institutional investments in for a total of 19,609,002 shares, while 75 institutional investors sold positions of 8,288,365 shares during the same period.

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