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

7 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 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" NLY shares.
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7 brokers have issued twelve-month price targets for Annaly Capital Management's stock. Their NLY share price forecasts range from $18.50 to $27.00. On average, they predict the company's stock price to reach $22.28 in the next year. This suggests a possible upside of 12.5% from the stock's current price.
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Annaly Capital Management's stock was trading at $21.08 on January 1st, 2023. Since then, NLY shares have decreased by 6.0% and is now trading at $19.81.
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Annaly Capital Management saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 15,110,000 shares, a decrease of 29.9% from the April 30th total of 21,560,000 shares. Based on an average daily volume of 4,850,000 shares, the days-to-cover ratio is presently 3.1 days. Approximately 3.1% of the company's stock are sold short.
View Annaly Capital Management's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our NLY earnings forecast.

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 (EPS) for the quarter, beating 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 negative net margin of 38.80% and a positive trailing twelve-month return on equity of 18.86%. During the same quarter last year, the firm posted $1.12 EPS.

Annaly Capital Management declared a quarterly dividend on Wednesday, June 7th. Shareholders of record on Friday, June 30th will be given a dividend of $0.65 per share on Monday, July 31st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.12%. The ex-dividend date is Thursday, June 29th.
Read our dividend analysis for NLY.

ETFs with the largest weight of Annaly Capital Management (NYSE:NLY) stock in their portfolio include iShares Mortgage Real Estate ETF (REM), VanEck Mortgage REIT Income ETF (MORT), Invesco KBW High Dividend Yield Financial ETF (KBWD), WisdomTree Alternative Income Fund (HYIN), Invesco S&P MidCap 400 Pure Growth ETF (RFG), InfraCap Equity Income Fund ETF (ICAP), Global SuperDividend US ETF (DIV) and First Trust Financial AlphaDEX Fund (FXO).

Annaly Capital Management (NYSE:NLY) pays an annual dividend of $2.60 per share and currently has a dividend yield of 13.28%. 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.

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 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.

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.

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).

Annaly Capital Management trades on the New York Stock Exchange (NYSE) under the ticker symbol "NLY."

Annaly Capital Management's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.12%), State Street Corp (3.25%), Allspring Global Investments Holdings LLC (3.10%), Geode Capital Management LLC (1.59%), Bank of New York Mellon Corp (0.88%) and LSV Asset Management (0.74%).
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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.
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One share of NLY stock can currently be purchased for approximately $19.81.

Annaly Capital Management (NYSE:NLY) has a market capitalization of $9.78 billion and generates $2.78 billion in revenue each year. The real estate investment trust earns $1.73 billion in net income (profit) each year or ($2.25) on an earnings per share basis.

The company employs 171 workers across the globe.

Annaly Capital Management's mailing address is 1211 AVENUE OF THE AMERICAS, NEW YORK NY, 10036. The official website for the company is www.annaly.com. The real estate investment trust can be reached via phone at (212) 696-0100, via email at investor@annaly.com, or via fax at 212-696-9809.