NLY Stock Forecast: Analyst stock price increased by 7%.

NLY Stock Forecast: Analyst stock price increased by 7%.

NLY Stock Forecast: The outlook is neutral. The stock is a sell.

NLY Stock Forecast: Price today

NLY Stock Forecast: Recent Performance

5 days 1 month YTD
NLY -4.6% -28.5% +41.9%
NASDAQ +4.6% -1.2% -11.3%

NLY Stock Forecast: Latest News

Increased dividend: Recently, Annaly has declared a quarterly dividend which will be paid on October 31

st. This will be paid to stockholders of record on September 30, 2022. The dividend per share is $0.88. It has increased its dividend from $0.22 per share in the previous quarter to $0.88 in this quarter. This constitutes a $3.52 annualized dividend and a yield of 19.00%. Annaly Capital Management’s dividend payout ratio is presently 34.92%. This can be seen as a major reason for the increase in stock’s price today.

1-for-4 reverse stock split: Recently, Annaly Capital Management approved a reverse stock split of its common stock at a ratio of 1-for-4. The company was overvalued before this, so they expected their common shares to reach in line with the similar companies present in the market. They expected their common shares to be reduced from approximately 1.8 billion to approximately 445 million. They believed that this could solve the share price volatility over time. The stock fell by around 10% after the stock split.

Annaly joined S&P midcap 400: In this year’s August, Annaly joined S&P Midcap 400. This helps the company to get short-term demand.

As Annaly is a mortgage REIT (real estate investment trust) and they invest in tangible assets due to which the stock is sensitive to the changing rates in the market. Annaly is down 61% from the past 5 years. Fed’s hiking rates are detrimental to the whole housing market as it reduces the buying demand. The increasing mortgage rates and upcoming recession are the major obstacles for the company. The spread of various mortgage-backed securities and other problems led to a decreasing book value. Annaly’s book value is down by 26% and 50% over the last 5 years.

NLY Stock Forecast: Latest Video

YouTube video

NLY Stock Forecast: Price target

Overall Average$22.5
Piper Sandler$19
Credit Suisse Group$26

NLY Stock Forecast: Q2 Results

  1. NLY released its Quarter 2 (which ended on June 30, 2022) in August 2022.
  2. Total revenues were declared as $952.7 million, up 505% y-o-y.
  3. The net profit margin was 90.9%, down 27.6% y-o-y.
  4. Total operating expenses were $42 million, down 25.2% y-o-y.
  5. Total operating income was $910.7 million, up 412.7% y-o-y.
  6. Net income was reported as $866.7 million, up 396.2% y-o-y.
  7. Diluted earnings per share (EPS) were $2.20, up 339% y-o-y.

NLY Stock Price Prediction: Short-Term Outlook

1. Market’s WisdomNegative
1a. Market DataLower
Performance vs NASDAQ (Last 5 days)Lower
1b. TechnicalSell
2. Crowd’s WisdomPositive
2aGoogle SearchHigher
2b. Social Media SentimentHigher

NLY Stock Forecast: Latest Tweet

Annaly Capital Management, Inc. $NLY had an unusually high call volume of 43.5K this is 667% of the 30d avg call volume of 6.5K

NLY Stock Forecast: Conclusion

NLY stocks are down by 45% in the past 1 year. The present conditions are not favorable to the housing market. Given the high Fed rates, recession, and mortgage prices, the company’s dividend may be reduced in the next year. The company can see profits if Fed decreases the interest rates. So, investors should consider all the risks and be mindful before investing.

Writer: Bommu Vaishnavi

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