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Early Morning Activity Shows Annaly Capital Management (NLY) Down

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Annaly Capital Management ( NLY) as a pre-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified Annaly Capital Management as such a stock due to the following factors:

  • NLY has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $156.6 million.
  • NLY traded 67,851 shares today in the pre-market hours as of 9:23 AM.
  • NLY is down 2.1% today from yesterday's close.

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More details on NLY:

Annaly Capital Management, Inc. owns, manages, and finances a portfolio of real estate related investments in United States. The stock currently has a dividend yield of 12%. NLY has a PE ratio of 3.4. Currently there are 2 analysts that rate Annaly Capital Management a buy, 2 analysts rate it a sell, and 10 rate it a hold.

The average volume for Annaly Capital Management has been 13.1 million shares per day over the past 30 days. Annaly Capital Management has a market cap of $11.0 billion and is part of the financial sector and real estate industry. The stock has a beta of 0.19 and a short float of 4.1% with 2.79 days to cover. Shares are down 17.2% year to date as of the close of trading on Tuesday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Annaly Capital Management as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and notable return on equity. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself.

Highlights from the ratings report include:

  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Real Estate Investment Trusts (REITs) industry and the overall market, ANNALY CAPITAL MANAGEMENT's return on equity significantly exceeds that of both the industry average and the S&P 500.
  • NLY, with its decline in revenue, underperformed when compared the industry average of 8.8%. Since the same quarter one year prior, revenues slightly dropped by 7.2%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
  • NLY's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 26.96%, which is also worse that the performance of the S&P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
  • Net operating cash flow has significantly decreased to -$3,820.86 million or 192.63% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.

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