As of right now, Annaly Capital Management Inc. [NLY] is trading at $18.87, up 1.02%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The NLY shares have lost -1.97% over the last week, with a monthly amount drifted -13.08%, and not seem to be holding up well over a long-time horizon.
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On 15, March 2023, Annaly Capital Management, Inc. Expands Board with Election of Martin Laguerre. In a post published today on Yahoo Finance, Annaly Capital Management, Inc. (NYSE: NLY) (“Annaly” or the “Company”) announced today that the Board of Directors of the Company (the “Board”) has elected Martin Laguerre, Senior Advisor at Warburg Pincus, as an independent member of the Board, effective March 13, 2023.
From an analyst’s perspective:
Annaly Capital Management Inc. [NYSE: NLY] stock has seen the most recent analyst activity on February 21, 2023, when Argus downgraded its rating to a Hold. Previously, Barclays upgraded its rating to Overweight on October 27, 2022, and elevated its price target to $19. On June 09, 2022, upgrade upgraded it’s rating to Outperform and revised its price target to $6.75 on the stock. BofA Securities downgraded its rating to a Neutral and decreased its price target to $7.25 on February 14, 2022. JMP Securities downgraded its rating to a Mkt Perform. Barclays downgraded its rating to Equal Weight for this stock on October 29, 2021, but kept the price target unchanged to $9. In a note dated October 06, 2021, Piper Sandler downgraded an Neutral rating on this stock and revised its target price from $9 to $8.50.
Through the last year, Annaly Capital Management Inc.’s stock price ranged from $15.11 to $29.88. Currently, Wall Street analysts expect the stock to reach $22.75 within the next 12 months. Annaly Capital Management Inc. [NYSE: NLY] shares were valued at $18.87 at the most recent close of the market. An investor can expect a potential return of 20.56% based on the average NLY price forecast.
Analyzing the NLY fundamentals
Gross Margin for this corporation currently stands at +99.51% with Operating Margin at +75.23%, Pretax Margin comes in at +42.70%, and Net Margin reading is +41.57%.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 18.44 points at the first support level, and at 18.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.15, and for the 2nd resistance point, it is at 19.44.
Annaly Capital Management Inc. [NLY] reported earnings per share of $0.89 for its fiscal quarter that ended on 12/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.88/share, meaning a difference of $0.01 and a surprise factor of 1.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2022 were $1.06 per share as compared to estimates of $0.99 per share, a difference of $0.07 representing a surprise of 7.10%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 2.09, the price to book ratio is 1.01 and the P/E (TTM) ratio is 3.77.
Transactions by insiders
Insider trading, which has resulted in 13 insider purchases of 277,501 shares and 9 insider sales of 61,837 shares in the past three months, is now the topic of our analysis. Recent insider trading involved Finkelstein David L, CEO and President, that happened on Jun 17 when 0.2 million shares were purchased.