Annaly Capital Management Inc (NLY) : During the past 4 weeks, traders have been relatively bearish on Annaly Capital Management Inc (NLY), hence the stock is down -1.62% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.81% relative to the S&P 500. The 4-week change in the price of the stock is -1.82% and the stock has fallen -1.46% in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 1.95% and the fifty day Moving Average is 0.52%. Annaly Capital Management, Inc. is up 4.81% in the last three month period. Year-to-Date the stock performance stands at 22.07%.
Annaly Capital Management Inc (NLY) : The highest level Annaly Capital Management Inc (NLY) is projected to reach is $12 for the short term and the lowest estimate is at $10. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $11 and the possibility the share price can swing is $0.71.
Annaly Capital Management Inc (NYSE:NLY): On Fridays trading session , Opening price of the stock was $10.96 with an intraday high of $10.97. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $10.76. However, the stock managed to close at $10.78, a loss of 1.55% for the day. On the previous day, the stock had closed at $10.95. The total traded volume of the day was 7,306,408 shares.
Annaly Capital Management, Inc. is a mortgage real estate investment trust (REIT). The Company uses its capital coupled with borrowed funds to invest in real estate related investments, earning the spread between the yield on its assets and the cost of its borrowings. It owns a portfolio of real estate related investments, including mortgage pass-through certificates, collateralized mortgage obligations (CMOs), Agency callable debentures, other securities representing interests in or obligations backed by pools of mortgage loans, commercial real estate assets and corporate debt. The Companys business operations consist of Annaly (the parent company), Annaly Commercial Real Estate Group, Inc. (ACREG), RCap Securities, Inc., Fixed Income Discount Advisory Company (FIDAC), Annaly Middle Market Lending LLC and Shannon Funding LLC.