Insider Trading At Annaly Capital Management Inc. (NYSE: NLY): What Did We Note?

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Annaly Capital Management Inc. (NYSE:NLY) traded at $6.11 at last check on Monday, September 19, made an upward move of 1.24% on its previous day’s price.

Looking at the stock we see that its previous close was $6.04 and the beta (5Y monthly) reads 1.21 with the day’s price range being $6.01 – $6.175. The company has a trailing 12-month PE ratio of 2.39. In terms of its 52-week price range, NLY has a high of $8.94 and a low of $5.45. The company’s stock has lost about -10.39% over that past 30 days.

Annaly Capital Management Inc. has a market cap of $10.68 billion and is expected to release its quarterly earnings report on Oct 25, 2022 – Oct 31, 2022. With its Forward Dividend at 3.52 and a yield of 58.28%, the company’s investors could be anxious for the NLY stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.25, with the EPS growth for the year raised at $1.06 for 2022 and $0.96 for next year. These figures represent -8.60% and -9.40% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $642.3 million, with a low of $614.3 million and a high of $684.9 million. The median projection represents growth squeezing down to 35.50% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $2.54 billion, or 28.00% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the NLY stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Based on estimates by 13 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 9 have rated the Annaly Capital Management Inc. (NLY) stock as a Hold, while 4 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is -5.86% off its SMA20 and -6.03% from its 50-day simple moving average. The RSI (14) is pointing at 34.42 while the volatility over the past week is 2.94% and jumps to 2.35% over the past one month. The beta value is 1.22, while the average true range (ATR) is currently pointing at 0.16. The average price target for the stock over the next 12 months is $6.53, with the estimates having a low of $6.00 and a high of $7.00. These price ends are 1.8% and -14.57% off the today’s price level respectively, although investors could be excited at the prospect of a -6.38% if the NLY share price touches on the median price of $6.50.

Let’s briefly compare Annaly Capital Management Inc. (NLY) stock to its peers. We find that today’s price change of 1.24% and -30.33% over the past 12 months for NLY competes that of AGNC Investment Corp. (AGNC), which has seen its stock price rise 0.31% in the latest trading session and is -29.57% over the last one year. Another of its peers Starwood Property Trust Inc. (STWD) has gained 1.44% today, and was -7.49% down over the past year, while Rithm Capital Corp. (RITM) is also up 0.50% yet, while its price remains in the red at -18.07% over the same period. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.08% and 0.06%, respectively, in early deals.

Coming back to Annaly Capital Management Inc. (NYSE:NLY), we note that the average 3-month trading volume was 34.65 million, while that of the preceding 10-day period stands at 73.05 million. Current shares outstanding are 1.74 billion.

The insiders hold 0.20% of the company’s shares while institutions hold 45.20%. The data shows that short shares as of Aug 30, 2022, stood at 51.3 million at a short ratio of 1.97. This represents a 2.97% short interest in shares outstanding on Aug 30, 2022. Shares short fall in August from the previous month at 57.6 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -22.76% down in year-to-date price movement.

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