|Bid||17.18 x 1800|
|Ask||17.35 x 4000|
|Day's Range||17.16 - 17.86|
|52 Week Range||17.16 - 35.16|
|Beta (5Y Monthly)||1.17|
|PE Ratio (TTM)||5.53|
|Earnings Date||Oct 25, 2022 - Oct 31, 2022|
|Forward Dividend & Yield||0.88 (12.79%)|
|Ex-Dividend Date||Jun 29, 2022|
|1y Target Est||6.41|
Shares of Annaly Capital Management (NYSE: NLY) were among the losers this week as rising mortgage rates threatened to squeeze the mortgage REIT, and one analyst expressed caution on the stock. The company also executed a reverse stock split at the beginning of the week. Since the rate hike, which came with hawkish commentary from Fed Chair Jerome Powell, investors seem to believe the risk of a recession has grown, as well as the likelihood of a sustained high-interest-rate environment.
Shares of several real estate stocks and mortgage real estate investment trusts (REITs) struggled today as mortgage rates soared. Shares of the real estate brokerage Redfin (NASDAQ: RDFN) traded close to 7% lower as of 11:50 a.m. ET today. Meanwhile, shares of mortgage REITs AGNC Investment (NASDAQ: AGNC) and Annaly Capital Management (NYSE: NLY) traded more than 5% and nearly 10% lower, respectively.
In the latest trading session, Annaly Capital Management (NLY) closed at $19.42, marking a +0.1% move from the previous day.