Market Analysts see Annaly Capital Management Inc. [NLY] gaining to $9.50. Time to buy?

Annaly Capital Management Inc. [NYSE: NLY] gained 0.47% or 0.04 points to close at $8.64 with a heavy trading volume of 16319445 shares. The company report on September 10, 2021 that Annaly Capital Management, Inc. Announces 3rd Quarter 2021 Common Stock Dividend of $0.22 per Share.

The Board of Directors of Annaly Capital Management, Inc. (NYSE: NLY) (“Annaly” or the “Company”) declared the third quarter 2021 common stock cash dividend of $0.22 per common share. This dividend is payable October 29, 2021 to common shareholders of record on September 30, 2021. The ex-dividend date is September 29, 2021.

About Annaly.

It opened the trading session at $8.62, the shares rose to $8.6781 and dropped to $8.58, the range by which the price of stock traded the whole day. The daily chart for NLY points out that the company has recorded -0.80% loss over the past six months. However, it is still -24.86% lower than its most recent low trading price.

If we look at the average trading volume of 16.24M shares, NLY reached to a volume of 16319445 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 $8.98 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.

Keefe Bruyette have made an estimate for Annaly Capital Management Inc. shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on June 07, 2021. The new note on the price target was released on April 21, 2021, representing the official price target for Annaly Capital Management Inc. stock. Previously, the target price had yet another raise to $9, while Keefe Bruyette analysts kept a Outperform rating on NLY stock.

The Average True Range (ATR) for Annaly Capital Management Inc. is set at 0.12, with the Price to Sales ratio for NLY stock in the period of the last 12 months amounting to 3.14. The Price to Book ratio for the last quarter was 1.01, with the Price to Cash per share for the same quarter was set at 0.95. Price to Free Cash Flow for NLY in the course of the last twelve months was 5.70.

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 1.05. With this latest performance, NLY shares gained by 0.12% in over the last four-week period, additionally sinking by -0.80% over the last 6 months – not to mention a rise of 13.83% 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 52.19, with the RSI for the last a single of trading hit 54.35, and the three-weeks RSI is set at 50.51 for Annaly Capital Management Inc. [NLY]. The present Moving Average for the last 50 days of trading for this stock 8.57, while it was recorded at 8.57 for the last single week of trading, and 8.67 for the last 200 days.

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

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

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 $5,440 million, or 45.00% of NLY stock, in the hands of institutional investors. The top three institutional holders of NLY stocks are: VANGUARD GROUP INC with ownership of 124,791,029, which is approximately 0.814% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 110,306,731 shares of the stock with an approximate value of $953.05 million in NLY stocks shares; and STATE STREET CORP, currently with $287.45 million in NLY stock with ownership of nearly 7.802% of the company’s market capitalization.

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398 institutional holders increased their position in Annaly Capital Management Inc. [NYSE:NLY] by around 71,671,533 shares. Additionally, 250 investors decreased positions by around 34,763,228 shares, while 135 investors held positions by with 523,195,916 shares. The mentioned changes placed institutional holdings at 629,630,677 shares, according to the latest SEC report filing. NLY stock had 91 new institutional investments in for a total of 13,958,219 shares, while 63 institutional investors sold positions of 10,422,516 shares during the same period.

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