Annaly Capital Management Inc. [NLY] moved down -2.77: Why It’s Important

Annaly Capital Management Inc. [NYSE: NLY] price plunged by -2.77 percent to reach at -$0.6. The company report on November 9, 2022 that Annaly Capital Management, Inc. Announces Preferred Dividends.

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In accordance with the terms of Annaly’s 6.95% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (“Series F Preferred Stock”), the Board has declared a Series F Preferred Stock cash dividend for the fourth quarter of 2022 of $0.541688 per share of Series F Preferred Stock, which reflects a rate of 8.667%, equal to three-month LIBOR on the Dividend Determination date plus a spread of 4.993%.

In accordance with the terms of Annaly’s 6.50% Series G Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (“Series G Preferred Stock”), the Board has declared a Series G Preferred Stock cash dividend for the fourth quarter of 2022 of $0.40625 per share of Series G Preferred Stock.

A sum of 5893866 shares traded at recent session while its average daily volume was at 10.87M shares. Annaly Capital Management Inc. shares reached a high of $21.55 and dropped to a low of $21.00 until finishing in the latest session at $21.05.

The one-year NLY stock forecast points to a potential downside of -8.12. The average equity rating for NLY stock is currently 2.50, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on 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 $19.47 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 2.50. 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.

Barclays have made an estimate for Annaly Capital Management Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on October 27, 2022. While these analysts kept the previous recommendation, Keefe Bruyette raised their target price from $6.25 to $6.75. The new note on the price target was released on June 09, 2022, representing the official price target for Annaly Capital Management Inc. stock. Previously, the target price had yet another drop from $8.75 to $7.25, while BofA Securities kept a Neutral rating on NLY stock.

The Average True Range (ATR) for Annaly Capital Management Inc. is set at 0.75, with the Price to Sales ratio for NLY stock in the period of the last 12 months amounting to 2.44. The Price to Book ratio for the last quarter was 0.97, with the Price to Cash per share for the same quarter was set at 3.19.

NLY Stock Performance Analysis:

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 5.73. With this latest performance, NLY shares gained by 16.23% in over the last four-week period, additionally sinking by -20.75% over the last 6 months – not to mention a drop of -36.98% 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 59.45, with the RSI for the last a single of trading hit 61.17, and the three-weeks RSI is set at 56.01 for Annaly Capital Management Inc. [NLY]. The present Moving Average for the last 50 days of trading for this stock 19.07, while it was recorded at 21.03 for the last single week of trading, and 24.64 for the last 200 days.

Insight into Annaly Capital Management Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Annaly Capital Management Inc. [NLY] shares currently have an operating margin of +390.22 and a Gross Margin at +96.72. Annaly Capital Management Inc.’s Net Margin is presently recorded at +318.42.

Return on Equity for this stock inclined to 17.59, with Return on Assets sitting at 2.89.

NLY Stock EPS

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 -4.98%.

Annaly Capital Management Inc. [NLY] Insider Position Details

There are presently around $5,303 million, or 55.50% of NLY stock, in the hands of institutional investors. The top three institutional holders of NLY stocks are: BLACKROCK INC. with ownership of 53,392,316, which is approximately 62.878% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 41,065,547 shares of the stock with an approximate value of $864.43 million in NLY stocks shares; and ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC, currently with $303.91 million in NLY stock with ownership of nearly 28.192% of the company’s market capitalization.

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 346 institutional holders increased their position in Annaly Capital Management Inc. [NYSE:NLY] by around 74,595,706 shares. Additionally, 424 investors decreased positions by around 12,599,892 shares, while 62 investors held positions by with 164,745,833 shares. The mentioned changes placed institutional holdings at 251,941,431 shares, according to the latest SEC report filing. NLY stock had 73 new institutional investments in for a total of 10,677,200 shares, while 263 institutional investors sold positions of 5,977,336 shares during the same period.

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