Friday, February 17, 2017

Dividend Stock To Watch: Annaly Capital Management, Inc. (NYSE:NLY)

Annaly Capital Management, Inc. (NYSE:NLY) share price jumped at US$ 10.5 before falling back to end the trade at US$ 10.5 a share. The dividend stock is -1.8% off a 52-week high stock price of US$ 11.29 but is up 21.27% since hitting the US$ 9.81. Investors are buying the stock with a trailing-twelve-month price-to-earnings (P/E) ratio of 90.52.

After a 0.38% rise from previous close of US$ 10.46, Annaly Capital Management, Inc. (NLY) has a US$ 10.64 Billion market cap. The company pays a US$ 0.3-cent-per-share quarterly dividend, giving it a 11.43% yield. That brings its full year payout to US$ 1.2.

The NLY has soared 5.32% year-to-date. The equity has gained steam in recent weeks, with shares up about 7.96% in the past three months. It went down 0%, climbed 2.54% and jumped 2.37% in the week, one month and six months, respectively. Revenue growth rate was recorded at -15.2% and net income per share was seen moving at a -27.2% rate in the past five years.

Annaly Capital Management, Inc. (NYSE:NLY) is over -3% below analysts’ consensus price target of US$ 10.35. The stock has blown through analysts’ low price target of US$ 9, but is still below the high US$ 11 target. On a price appreciation basis over the past 12 months, the stock returned 18.94%.

The most recent short interest data show 1.86% of the company’s stock are short sold. It would take about 2.79 days to cover all short positions. In terms of volatility, it has a beta coefficient of 0.2 and technical analysis volatility indicator called Average True Range or ATR around 0.11.

Annaly Capital Management, Inc. (NYSE:NLY) closed 4.25% above its 200-day moving average which many technicians use as a guide to the long-term trend, so stocks above the line are considered to be in longer-term uptrends, while those below it are considered to be in downtrends. The stock is 3.49% above another chart threshold, its 50-day moving average and 1.72% above its 20-day simple moving average.

Dividend Stock To Watch: Annaly Capital Management, Inc. (NYSE:NLY)

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