Annaly Capital Management Inc [NLY] stock prices are up 0.81% to $19.93 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The NLY shares have gain 2.63% over the last week, with a monthly amount glided 4.45%, and seem to be holding up well over a long-time horizon.
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On 15, February 2024, Annaly Capital Management, Inc. Announces Preferred Dividends. In a post published today on Yahoo Finance, 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 first quarter of 2024 of $0.662672 per share of Series F Preferred Stock, which reflects a rate of 10.60275%, equal to three-month CME Term SOFR (plus a spread adjustment of 0.26161%) on the Dividend Determination date plus a spread of 4.993%.
From an analyst’s perspective:
Previously, UBS upgraded its rating to Buy on September 18, 2023, and elevated its price target to $24. On May 02, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $21.50 on the stock. Argus downgraded its rating to a Hold. Barclays upgraded its rating to a Overweight and raised its price target to $19 on October 27, 2022. Keefe Bruyette upgraded its rating to Outperform for this stock on June 09, 2022, and upped its price target to $6.75. In a note dated February 14, 2022, BofA Securities downgraded an Neutral rating on this stock and revised its target price from $8.75 to $7.25.
The stock price of Annaly Capital Management Inc [NLY] has been fluctuating between $14.52 and $21.07 over the past year. Currently, Wall Street analysts expect the stock to reach $26.4 within the next 12 months. Annaly Capital Management Inc [NYSE: NLY] shares were valued at $19.93 at the most recent close of the market. An investor can expect a potential return of 32.46% based on the average NLY price forecast.
Analyzing the NLY fundamentals
The Annaly Capital Management Inc [NYSE:NLY] reported sales of 5.61B for trailing twelve months, representing a drop of -27.02%. Gross Profit Margin for this corporation currently stands at 1.01% with Operating Profit Margin at 0.54%, Pretax Profit Margin comes in at 1.07%, and Net Profit Margin reading is 1.13%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.15 and Total Capital is -0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.17.
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 19.79 points at the first support level, and at 19.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.03, and for the 2nd resistance point, it is at 20.14.
Annaly Capital Management Inc [NLY] reported earnings per share of $0.68 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.65/share, meaning a difference of $0.03 and a surprise factor of 4.60%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.66 per share as compared to estimates of $0.69 per share, a difference of -$0.03 representing a surprise of -4.30%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.78, the price to book ratio is 1.03.
Transactions by insiders
Recent insider trading involved Finkelstein David L, CEO and CIO, that happened on Feb 12 ’24 when 50000.0 shares were sold. CEO and CIO, Finkelstein David L completed a deal on Nov 06 ’23 to sell 50000.0 shares.
