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Annaly Capital Management (NLY) Stock Price, News & Analysis

$18.38
+0.07 (+0.38%)
(As of 01:22 PM ET)
Compare
Today's Range
$18.17
$18.43
50-Day Range
$14.74
$18.54
52-Week Range
$14.52
$24.43
Volume
1.75 million shs
Average Volume
4.75 million shs
Market Capitalization
$9.19 billion
P/E Ratio
N/A
Dividend Yield
14.15%
Price Target
$21.00

Annaly Capital Management MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
14.3% Upside
$21.00 Price Target
Short Interest
Healthy
2.99% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.34
Upright™ Environmental Score
News Sentiment
0.97mentions of Annaly Capital Management in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$852,000 Sold Last Quarter
Proj. Earnings Growth
-4.26%
From $2.82 to $2.70 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.92 out of 5 stars

Finance Sector

509th out of 777 stocks

Real Estate Investment Trusts Industry

113th out of 171 stocks


NLY stock logo

About Annaly Capital Management Stock (NYSE:NLY)

Annaly Capital Management Inc. is one of the largest mortgage real estate investment trusts in the United States. The company is based in Maryland, with a principal office in New York City. Annaly primarily borrows money via short-term repurchase agreements and reinvests the proceeds in asset-backed securities. 

Annaly is a mortgage real estate investment trust that earns profits from the difference between the interest it makes from its investments and the interest it pays on its borrowings, enhanced by leverage. 

In 1997, Michael A.J. Farrell and Wellington Denahan established Annaly to capitalize on the burgeoning real estate sector. 

In October 2012, Wellington Denahan assumed the CEO role; in 2013, Annaly acquired CreXus Investment for $996 million. In 2016, the firm completed the purchase of Hatteras Financial for $1.5 billion in cash and stock. In 2017, Annaly sold its Pingora servicing subsidiary, and in March 2020, David L. Finkelstein was appointed chief executive officer and board member. Later that year, Steven F. Campbell was named president of the company.

Annaly's investments are divided into four distinct groups: agency credit, residential credit, commercial credit and middle market lending. These investments include mortgage-backed securities, non-agency residential mortgage assets, mortgage servicing rights, residential mortgage loans, agency commercial mortgage-backed securities, corporate debts, credit risk transfer securities and other commercial real estate investments.

Annaly Capital Management Inc. has a strong track record of financial performance and is an S&P 400 component. Institutional investors and hedge funds own 52.80% of the company's stock, and EMG Holdings L.P., Bank of Montreal Canada, MetLife Investment Management LLC, Rhumbline Advisers, Yousif Capital Management LLC and CIBC World Market Inc. have all taken positions in Annaly Capital Management.

NLY Stock Price History

NLY Stock News Headlines

U.S. Military Defense Fails Without Vanadium?
The metal vanadium is needed for numerous military applications, including jet engines, airframes, and ballistic missiles. And although the U.S. Govt. considers vanadium critical to national security, less than 5% of the metal is mined in America. This means we're at the mercy of China and Russia for our supply.
U.S. Military Defense Fails Without Vanadium?
The metal vanadium is needed for numerous military applications, including jet engines, airframes, and ballistic missiles. And although the U.S. Govt. considers vanadium critical to national security, less than 5% of the metal is mined in America. This means we're at the mercy of China and Russia for our supply.
Rithm Capital: A Magnificent, Bargain-Priced 10% Yield
Annaly Capital Management Inc NLY
Q3 2023 Annaly Capital Management Inc Earnings Call
Annaly Capital Management Inc. Q3 Loss Climbs
See More Headlines
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Company Calendar

Last Earnings
4/27/2023
Ex-Dividend for 10/31 Dividend
9/28/2023
Dividend Payable
10/31/2023
Today
12/11/2023
Ex-Dividend for 1/31 Dividend
12/28/2023
Fiscal Year End
12/31/2023
Dividend Payable
1/31/2024
Next Earnings (Estimated)
2/14/2024

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Mortgage REITs
Sector
Finance
CUSIP
03571040
Employees
161
Year Founded
1997

Price Target and Rating

Average Stock Price Target
$21.00
High Stock Price Target
$24.00
Low Stock Price Target
$18.00
Potential Upside/Downside
+14.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$1.73 billion
Pretax Margin
-59.22%

Debt

Sales & Book Value

Annual Sales
$2.78 billion
Cash Flow
$4.24 per share
Book Value
$21.02 per share

Miscellaneous

Free Float
498,540,000
Market Cap
$9.16 billion
Optionable
Optionable
Beta
1.43

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Key Executives

  • Mr. David L. Finkelstein C.F.A.Mr. David L. Finkelstein C.F.A. (Age 50)
    CEO, Chief Investment Officer & Director
    Comp: $7M
  • Mr. Steven Francis Campbell (Age 50)
    COO & President
    Comp: $2.59M
  • Ms. Serena Wolfe (Age 44)
    Chief Financial Officer
    Comp: $2.54M
  • Mr. Anthony C. Green J.D. (Age 48)
    Chief Corporate Officer, Chief Legal Officer & Secretary
    Comp: $2.55M
  • Mr. Don S. Choe (Age 56)
    Chief Technology Officer
  • Ms. Audrey K. Susanin J.D. (Age 41)
    Deputy General Counsel & Chief Compliance Officer
  • Ms. Seana Scott Gormley
    Head of Human Capital Management
  • Ms. Jessica T. LaScala
    Head of Investment Operations
  • Mr. Michael Fania
    Deputy Chief Investment Officer & Head of Residential Credit
  • Ms. Johanna Griffin
    Chief Risk Officer














NLY Stock Analysis - Frequently Asked Questions

Should I buy or sell Annaly Capital Management stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Annaly Capital Management in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" NLY shares.
View NLY analyst ratings
or view top-rated stocks.

What is Annaly Capital Management's stock price target for 2024?

5 analysts have issued 1-year price objectives for Annaly Capital Management's shares. Their NLY share price targets range from $18.00 to $24.00. On average, they predict the company's share price to reach $21.00 in the next year. This suggests a possible upside of 14.3% from the stock's current price.
View analysts price targets for NLY
or view top-rated stocks among Wall Street analysts.

How have NLY shares performed in 2023?

Annaly Capital Management's stock was trading at $21.08 at the beginning of 2023. Since then, NLY shares have decreased by 12.8% and is now trading at $18.38.
View the best growth stocks for 2023 here
.

Are investors shorting Annaly Capital Management?

Annaly Capital Management saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 14,930,000 shares, an increase of 26.6% from the October 31st total of 11,790,000 shares. Based on an average daily volume of 4,650,000 shares, the days-to-cover ratio is currently 3.2 days. Currently, 3.0% of the shares of the company are sold short.
View Annaly Capital Management's Short Interest
.

When is Annaly Capital Management's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 14th 2024.
View our NLY earnings forecast
.

How were Annaly Capital Management's earnings last quarter?

Annaly Capital Management, Inc. (NYSE:NLY) posted its quarterly earnings data on Thursday, April, 27th. The real estate investment trust reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.09. The real estate investment trust had revenue of $818.25 million for the quarter, compared to analyst estimates of $183 million. Annaly Capital Management had a negative net margin of 60.10% and a positive trailing twelve-month return on equity of 16.39%. During the same period last year, the company posted $1.12 earnings per share.

How often does Annaly Capital Management pay dividends? What is the dividend yield for Annaly Capital Management?

Annaly Capital Management announced a quarterly dividend on Thursday, December 7th. Investors of record on Friday, December 29th will be paid a dividend of $0.65 per share on Wednesday, January 31st. This represents a $2.60 annualized dividend and a yield of 14.15%. The ex-dividend date is Thursday, December 28th.
Read our dividend analysis for NLY
.

Is Annaly Capital Management a good dividend stock?

Annaly Capital Management (NYSE:NLY) pays an annual dividend of $2.60 per share and currently has a dividend yield of 14.40%. NLY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for NLY.

When did Annaly Capital Management's stock split?

Shares of Annaly Capital Management reverse split on the morning of Monday, September 26th 2022. The 1-4 reverse split was announced on Monday, September 26th 2022. The number of shares owned by shareholders was adjusted after the market closes on Monday, September 26th 2022. An investor that had 100 shares of stock prior to the reverse split would have 25 shares after the split.

What is Kevin Keyes' approval rating as Annaly Capital Management's CEO?

2 employees have rated Annaly Capital Management Chief Executive Officer Kevin Keyes on Glassdoor.com. Kevin Keyes has an approval rating of 62% among the company's employees. This puts Kevin Keyes in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Annaly Capital Management own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Annaly Capital Management investors own include AT&T (T), AGNC Investment (AGNC), Energy Transfer (ET), Enterprise Products Partners (EPD), New Residential Investment (NRZ), General Electric (GE), Ford Motor (F), Intel (INTC), Pfizer (PFE) and Chimera Investment (CIM).

Who are Annaly Capital Management's major shareholders?

Annaly Capital Management's stock is owned by a variety of institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (3.42%), Northern Trust Corp (0.90%), Bank of New York Mellon Corp (0.87%), Legal & General Group Plc (0.68%), Morgan Stanley (0.68%) and LSV Asset Management (0.66%).
View institutional ownership trends
.

How do I buy shares of Annaly Capital Management?

Shares of NLY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:NLY) was last updated on 12/11/2023 by MarketBeat.com Staff

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