Annaly Capital Management (NLY) closed the most recent trading day at $9.89, moving -0.1% from the previous trading session. This change was narrower than the S&P 500’s 2.06% loss on the day. Elsewhere, the Dow lost 1.81%, while the tech-heavy Nasdaq lost 2.99%.
Coming into today, shares of the real estate investment trust had lost 0.5% in the past month. In that same time, the Finance sector lost 7.42%, while the S&P 500 lost 6.47%.
NLY will be looking to display strength as it nears its next earnings release, which is expected to be February 13, 2019. On that day, NLY is projected to report earnings of $0.28 per share, which would represent a year-over-year decline of 9.68%.
Investors might also notice recent changes to analyst estimates for NLY. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. NLY is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, NLY is currently trading at a Forward P/E ratio of 8.32. This valuation marks a premium compared to its industry’s average Forward P/E of 8.31.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 46, which puts it in the top 18% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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