Annaly Capital Management - NLY Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Annaly Capital Management in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" NLY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NLY, but not buy additional shares or sell existing shares.
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6 equities research analysts have issued 1-year target prices for Annaly Capital Management's shares. Their NLY share price forecasts range from $6.00 to $7.25. On average, they expect the company's share price to reach $6.67 in the next twelve months. This suggests that the stock has a possible downside of 1.1%.
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Annaly Capital Management's stock was trading at $7.82 at the start of the year. Since then, NLY stock has decreased by 13.8% and is now trading at $6.74.
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Annaly Capital Management saw a decrease in short interest during the month of July. As of July 15th, there was short interest totaling 51,180,000 shares, a decrease of 22.0% from the June 30th total of 65,580,000 shares. Based on an average trading volume of 34,140,000 shares, the days-to-cover ratio is presently 1.5 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
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Annaly Capital Management, Inc. (NYSE:NLY) issued its quarterly earnings data on Wednesday, July, 27th. The real estate investment trust reported $0.30 EPS for the quarter, topping the consensus estimate of $0.25 by $0.05. The real estate investment trust earned $475.14 million during the quarter, compared to the consensus estimate of $399.39 million. Annaly Capital Management had a trailing twelve-month return on equity of 16.72% and a net margin of 178.91%. The firm's revenue for the quarter was down 18.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.30 earnings per share.

Annaly Capital Management announced a quarterly dividend on Wednesday, June 8th. Shareholders of record on Thursday, June 30th will be given a dividend of $0.22 per share on Friday, July 29th. This represents a $0.88 annualized dividend and a yield of 13.06%. The ex-dividend date of this dividend is Wednesday, June 29th.
Read our dividend analysis for NLY.

Annaly Capital Management (NYSE:NLY) pays an annual dividend of $0.88 per share and currently has a dividend yield of 12.96%. NLY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 34.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, NLY will have a dividend payout ratio of 89.80% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for NLY.

2 employees have rated Annaly Capital Management Chief Executive Officer Kevin Keyes on Glassdoor.com. Kevin Keyes has an approval rating of 62% among the company's employees. This puts Kevin Keyes in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Annaly Capital Management investors own include AT&T (T), AGNC Investment (AGNC), Energy Transfer (ET), Enterprise Products Partners (EPD), New Residential Investment (NRZ), General Electric (GE), Ford Motor (F), Intel (INTC), Pfizer (PFE) and Chimera Investment (CIM).

Annaly Capital Management trades on the New York Stock Exchange (NYSE) under the ticker symbol "NLY."

Annaly Capital Management's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (3.08%), State Street Corp (2.14%), Northern Trust Corp (0.75%), Thompson Siegel & Walmsley LLC (0.72%), UBS Asset Management Americas Inc. (0.59%) and JPMorgan Chase & Co. (0.45%). Insiders that own company stock include David L Finkelstein, John H Schaefer, Serena Wolfe, Thomas Edward Hamilton and Timothy P Coffey.
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Shares of NLY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NLY stock can currently be purchased for approximately $6.74.

Annaly Capital Management (NYSE:NLY) has a market capitalization of $10.95 billion and generates $1.98 billion in revenue each year. The real estate investment trust earns $2.39 billion in net income (profit) each year or $2.52 on an earnings per share basis.

The company employs 171 workers across the globe.

Annaly Capital Management was founded in 1997.

Annaly Capital Management's mailing address is 1211 AVENUE OF THE AMERICAS, NEW YORK NY, 10036. The official website for the company is www.annaly.com. The real estate investment trust can be reached via phone at (212) 696-0100, via email at investor@annaly.com, or via fax at 212-696-9809.