Annaly Capital Management (NLY): What’s the Story?

Annaly Capital Management, Inc. (NLY) is an interesting player in the Financial space, with a focus on REIT – Diversified. The stock has been active on the tape, currently trading at $10.29, up from yesterday’s close by 0.29%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Annaly Capital Management, Inc. (NLY) currently trades with a market capitalization of $11.93 Billion. That value represents a market adjusting for revenues that have been growing by 153.48 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $6.77 Billion over the past twelve months. Generally speaking, earnings are expected to hold steady in coming quarters. Analysts are forecasting earnings of $0.29 on a per share basis this quarter. Perhaps, that suggests something about why 0.39% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how NLY has been acting. Looking at the stock’s movement on the chart, Annaly Capital Management, Inc. recorded a 52-week high of $12.73. It is now trading 2.44% off that level. The stock is trading $10.39 its 50-day moving average by 0.1%. The stock carved out a 52-week low down at $9.94.

In recent action, Annaly Capital Management, Inc. (NLY) has made a move of +0.39% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 15.08, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 2.29% with $1.16 Billion sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of NLY.

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