Annaly Capital Management Inc (NYSE:NLY) finished Friday with an addition of $0.07 to close at $18.81, an upside of 0.37 percent. An average of 4,743,020 shares of common stock have been traded in the last five days. There was a fall of -$1.07 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 3,808,270 shares traded, while the 50-day average volume stands at 3,627,826.
NLY stock has decreased by -7.16% in the last month. The company shares reached their 1-month lowest point of $18.32 on 09/28/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $15.11 and a high of $24.80 in 52 weeks. It has reached a new high 10 times so far this year and lost -10.77% or -$2.27 in price. In spite of this, the price is down -24.15% from the 52-week high.
Valuation Metrics
Annaly Capital Management Inc (NLY) stock’s beta is 1.42. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.72, the price-to-book (PB) ratio at 0.91, and the price-to-cash flow ratio at 3.35.
The company has a payout ratio of 89.73%. The company’s most recent quarterly dividend payment was $0.65 a share, without any change from last year. Its latest decrease dividend $0.23 reported on Tuesday March 14 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 0.92 and a total debt to equity ratio of 6.15 for the quarter ending June 29. Its gross profit as reported stood at $1.47 billion compared to revenue of $2.78 billion.
Earnings Surprise
The analyst consensus anticipated Annaly Capital Management Inc’s latest quarter earnings to come in at $0.74 per share, but it turned out to be $0.72, a -2.70% surprise. At the end of the quarter ending June 29, Annaly Capital Management Inc’s stock balance sheet showed total debt was $72.58 billion. Shareholders own equity worth $493.91 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Annaly Capital Management Inc (NLY) price momentum. RSI 9-day as of the close on 29 September was 25.44%, suggesting the stock is oversold, with historical volatility in this time frame at 20.95%.
As of today, NLY’s price is $19.16 -5.38% or -$1.07 from its 5-day moving average. NLY is currently trading -7.20% lower than its 20-day SMA and -1.05% lower than its 100-day SMA. However, the stock’s current price level is -6.84% below the SMA50 and -13.83% below the SMA200.
The stochastic %K and %D were 11.66% and 6.77%, respectively, and the average true range (ATR) was 0.43. With the 14-day stochastic at 17.97% and the average true range at 0.40, the RSI (14) stands at 32.57%. The stock has reached -0.70 on the 9-day MACD Oscillator while the 14-day reading was at -1.00.
Analyst Ratings
UBS upgraded Annaly Capital Management Inc (NYSE: NLY) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Annaly Capital Management Inc (NLY) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NLY, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.
What is NLY’s price target for the next 12 months?
Analysts predict a range of price targets between $21.00 and $24.00, with a median target of $22.00. Taking a look at these predictions, the average price target given by analysts for Annaly Capital Management Inc (NLY) stock is $22.13.
