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

$17.71
-0.31 (-1.72%)
(As of 04/16/2024 ET)
Today's Range
$17.67
$18.01
50-Day Range
$17.71
$20.12
52-Week Range
$14.52
$21.07
Volume
3.38 million shs
Average Volume
3.10 million shs
Market Capitalization
$8.86 billion
P/E Ratio
N/A
Dividend Yield
14.68%
Price Target
$21.19

Annaly Capital Management MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
19.6% Upside
$21.19 Price Target
Short Interest
Healthy
1.95% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.34
Upright™ Environmental Score
News Sentiment
1.11mentions of Annaly Capital Management in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$951,500 Sold Last Quarter
Proj. Earnings Growth
3.89%
From $2.57 to $2.67 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.61 out of 5 stars

Finance Sector

425th out of 869 stocks

Real Estate Investment Trusts Industry

83rd out of 183 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

6 Mortgage REITS: How Badly Could Rising Rates Hurt Them? (NLY)
We dissect six REITs, uncovering their strengths, weaknesses, and potential to either falter or flourish in a rising-rate environment.
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Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…
Annaly: 2022 Replay
5 Ultra-Yield Dividend Stocks To Buy in April
Bitcoin Rockets To Record High But Buy THIS Instead
Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…
Annaly Capital Management Inc.
Housing Crisis? Income Opportunities!
NLY Mar 2024 20.500 put
NLY Mar 2024 16.000 put
NLY Mar 2024 21.000 call
NLY Mar 2024 18.500 put
NLY Mar 2024 21.500 call
NLY Apr 2024 18.500 put
NLY Apr 2024 21.000 call
See More Headlines
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Company Calendar

Last Earnings
4/27/2023
Ex-Dividend for 1/31 Dividend
12/28/2023
Dividend Payable
1/31/2024
Ex-Dividend for 4/30 Dividend
3/27/2024
Today
4/17/2024
Next Earnings (Confirmed)
4/24/2024
Dividend Payable
4/30/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Mortgage REITs
CUSIP
03571040
Employees
187
Year Founded
1997

Price Target and Rating

Average Stock Price Target
$21.19
High Stock Price Target
$22.00
Low Stock Price Target
$19.00
Potential Upside/Downside
+19.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

Net Income
$-1,643,170,000.00
Pretax Margin
-66.45%

Debt

Sales & Book Value

Annual Sales
$3.73 billion
Cash Flow
$3.41 per share
Book Value
$19.61 per share

Miscellaneous

Free Float
499,389,000
Market Cap
$8.86 billion
Optionable
Optionable
Beta
1.54

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Key Executives

  • Mr. David L. Finkelstein C.F.A.Mr. David L. Finkelstein C.F.A. (Age 51)
    CEO, Chief Investment Officer & Director
    Comp: $7M
  • Mr. Steven Francis Campbell (Age 51)
    COO & President
    Comp: $2.59M
  • Ms. Serena Wolfe (Age 44)
    Chief Financial Officer
    Comp: $2.54M
  • Mr. Anthony Charles Green J.D. (Age 49)
    Chief Corporate Officer, Chief Legal Officer & Secretary
    Comp: $2.55M
  • Ms. Audrey K. Susanin J.D. (Age 42)
    Deputy General Counsel & Chief Compliance Officer
  • Ms. Seana Scott Gormley
    Chief Human Resources Officer
  • 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
  • Ms. Tanya Rakpraja
    Head of Corporate Responsibility & Government Relations

NLY Stock Analysis - Frequently Asked Questions

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

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Annaly Capital Management in the last year. There are currently 1 hold rating and 5 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?

6 Wall Street analysts have issued 12 month price objectives for Annaly Capital Management's shares. Their NLY share price targets range from $19.00 to $22.00. On average, they predict the company's stock price to reach $21.19 in the next twelve months. This suggests a possible upside of 19.6% 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 2024?

Annaly Capital Management's stock was trading at $19.37 at the beginning of the year. Since then, NLY shares have decreased by 8.6% and is now trading at $17.71.
View the best growth stocks for 2024 here
.

Are investors shorting Annaly Capital Management?

Annaly Capital Management saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 8,880,000 shares, an increase of 23.7% from the February 29th total of 7,180,000 shares. Based on an average daily trading volume, of 3,820,000 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.8% 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, April 24th 2024.
View our NLY earnings forecast
.

How can I listen to Annaly Capital Management's earnings call?

Annaly Capital Management will be holding an earnings conference call on Thursday, April 25th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "6582139".

How were Annaly Capital Management's earnings last quarter?

Annaly Capital Management, Inc. (NYSE:NLY) issued its earnings results on Thursday, April, 27th. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.09. The real estate investment trust had revenue of $818.25 million for the quarter, compared to analysts' expectations of $183 million. Annaly Capital Management had a positive trailing twelve-month return on equity of 15.67% and a negative net margin of 44.03%. During the same quarter in the previous 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, March 14th. Investors of record on Thursday, March 28th will be paid a dividend of $0.65 per share on Tuesday, April 30th. This represents a $2.60 dividend on an annualized basis and a yield of 14.68%. The ex-dividend date is Wednesday, March 27th.
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 14.43%. 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 before market open on 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 closing bell 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 shareholders include Compass Financial Group INC SD (0.03%), Gateway Investment Advisers LLC (0.03%), Key Client Fiduciary Advisors LLC (0.03%), Confluence Investment Management LLC (0.03%), Alaska Permanent Fund Corp (0.03%) and Wealth Enhancement Advisory Services LLC (0.01%).
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:NLY) was last updated on 4/17/2024 by MarketBeat.com Staff

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