Traders Are Bearish Annaly Capital Management, Inc. (NLY) After The Stock Formed Ascending Triangle

September 8, 2018 - By Margaret Guttierez

Annaly Capital Management, Inc. (NYSE:NLY) Logo

Investors sentiment decreased to 1.11 in 2018 Q1. Its down 0.34, from 1.45 in 2017Q4. It is negative, as 53 investors sold Annaly Capital Management, Inc. shares while 139 reduced holdings. 63 funds opened positions while 150 raised stakes. 615.80 million shares or 3.37% less from 637.26 million shares in 2017Q4 were reported.
Global X Management invested 0.41% of its portfolio in Annaly Capital Management, Inc. (NYSE:NLY). Jefferies Grp Inc Ltd Limited Liability Company accumulated 0.01% or 143,078 shares. Renaissance Techs Ltd has 0.1% invested in Annaly Capital Management, Inc. (NYSE:NLY) for 8.62 million shares. Optimum Inv Advsr holds 0.09% in Annaly Capital Management, Inc. (NYSE:NLY) or 30,145 shares. Wright Investors Ser holds 39,786 shares. Raymond James Associates has invested 0.02% of its portfolio in Annaly Capital Management, Inc. (NYSE:NLY). Cwm Llc invested in 0% or 1,900 shares. Tiaa Cref Inv Management Lc has invested 0.03% in Annaly Capital Management, Inc. (NYSE:NLY). Blair William Il has 62,428 shares. Greenleaf Trust reported 10,273 shares. 19,273 are held by Asset Inc. Wall Street Access Asset Management Ltd Liability Com stated it has 0.76% in Annaly Capital Management, Inc. (NYSE:NLY). 3,800 are held by Fin Architects. Arizona State Retirement Systems reported 0.12% in Annaly Capital Management, Inc. (NYSE:NLY). Checchi Advisers Ltd holds 0.03% or 21,454 shares in its portfolio.

The stock of Annaly Capital Management, Inc. (NLY) formed an ascending triangle with $9.76 target or 7.00 % below today’s $10.49 share price. The 9 months triangle pattern indicates high risk for the $12.24B company. If the $9.76 price target is reached, the company will be worth $856.66M less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock decreased 0.66% or $0.07 during the last trading session, reaching $10.49. About 15.05 million shares traded or 83.47% up from the average. Annaly Capital Management, Inc. (NYSE:NLY) has declined 11.28% since September 8, 2017 and is downtrending. It has underperformed by 23.85% the S&P500.

Analysts await Annaly Capital Management, Inc. (NYSE:NLY) to report earnings on November, 7. They expect $0.29 EPS, down 3.33 % or $0.01 from last year’s $0.3 per share. NLY’s profit will be $338.32M for 9.04 P/E if the $0.29 EPS becomes a reality. After $0.30 actual EPS reported by Annaly Capital Management, Inc. for the previous quarter, Wall Street now forecasts -3.33 % negative EPS growth.

Annaly Capital Management, Inc. (NYSE:NLY) Ratings Coverage

Among 2 analysts covering Annaly Capital Management (NYSE:NLY), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Annaly Capital Management had 3 analyst reports since May 3, 2018 according to SRatingsIntel. The stock has “Neutral” rating by JP Morgan on Monday, July 23. The company was maintained on Tuesday, May 22 by JP Morgan. Deutsche Bank maintained the stock with “Hold” rating in Thursday, May 3 report.

More recent Annaly Capital Management, Inc. (NYSE:NLY) news were published by: Seekingalpha.com which released: “Annaly Capital gets regulatory approvals for MTGE Investment deal” on August 21, 2018. Also Seekingalpha.com published the news titled: “Annaly Capital Management declares $0.22174 dividend” on August 27, 2018. Seekingalpha.com‘s news article titled: “Annaly Capital Management completes MTGE merger” with publication date: September 07, 2018 was also an interesting one.

Annaly Capital Management, Inc. owns a portfolio of real estate related investments in the United States. The company has market cap of $12.24 billion. The firm invests in various types of agency mortgage-backed securities and related derivatives to hedge these investments; and residential credit investments, such as residential mortgage loans and non-agency mortgage-backed assets within securitized products. It has a 4.1 P/E ratio. It also originates and invests in commercial mortgage loans, securities, and other commercial real estate investments; lends customized debt financing to middle-market businesses; and operates as a broker-dealer.

Annaly Capital Management, Inc. (NYSE:NLY) Institutional Positions Chart

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