Annaly Capital Management Inc. with ticker code (NLY) now have 9 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 24.5 and 20 calculating the average target price we see $22.50. Given that the stocks previous close was at $19.18 and the analysts are correct then we can expect a percentage increase in value of 17.3%. It’s also worth noting that there is a 50 day moving average of $20.23 and the 200 day moving average is $21.93. The market cap for the company is $9,557m. Company Website: https://www.annaly.com
The potential market cap would be $11,211m based on the market consensus.
Annaly Capital Management, Inc., a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; residential mortgage loans; and agency or private label credit risk transfer securities. It has elected to be taxed as a real estate investment trust (REIT). As a REIT, it is not subject to federal income tax to the extent that it distributes its taxable income to its shareholders. The company was incorporated in 1996 and is based in New York, New York.
The company has a dividend yield of 13.56% with the ex dividend date set at 30-3-2023 (DMY).
Other points of data to note are a P/E ratio of 4.89, revenue per share of 4.86 and a 2.18% return on assets.
