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NYSE:NLY

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

$20.00
+0.08 (+0.40%)
(As of 06/9/2023 ET)
Compare
Today's Range
$19.86
$20.08
50-Day Range
$17.79
$19.98
52-Week Range
$15.11
$27.96
Volume
4.82 million shs
Average Volume
5.22 million shs
Market Capitalization
$9.88 billion
P/E Ratio
N/A
Dividend Yield
13.00%
Price Target
$22.28

Annaly Capital Management MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
8.4% Upside
$21.69 Price Target
Short Interest
Healthy
3.07% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.34
Upright™ Environmental Score
News Sentiment
0.40mentions of Annaly Capital Management in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
1.40%
From $2.86 to $2.90 Per Share

Overall MarketRank

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

1.79 out of 5 stars

Finance Sector

746th out of 871 stocks

Real Estate Investment Trusts Industry

166th out of 192 stocks


NLY stock logo

About Annaly Capital Management (NYSE:NLY) Stock

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.

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NLY Stock News Headlines

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Why Is Annaly Capital's Dividend Yield So High?
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Annaly Capital Management Pref Ss I (NLY_pi)
Barclays Reaffirms Their Buy Rating on Annaly Capital (NLY)
Q1 2023 Annaly Capital Management Inc Earnings Call
Annaly Capital Faces Continued Challenges
See More Headlines

NLY Price History

NLY Company Calendar

Ex-Dividend for 4/28 Dividend
3/30/2023
Last Earnings
4/27/2023
Dividend Payable
4/28/2023
Today
6/09/2023
Ex-Dividend for 7/31 Dividend
6/29/2023
Next Earnings (Estimated)
7/26/2023
Dividend Payable
7/31/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Mortgage REITs
Sector
Finance
CUSIP
03571040
Employees
171
Year Founded
1997

Price Target and Rating

Average Stock Price Forecast
$21.69
High Stock Price Forecast
$24.00
Low Stock Price Forecast
$18.50
Forecasted Upside/Downside
+11.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
6 Analysts

Profitability

Net Income
$1.73 billion
Pretax Margin
-37.63%

Debt

Sales & Book Value

Annual Sales
$2.78 billion
Cash Flow
$4.22 per share
Book Value
$21.02 per share

Miscellaneous

Free Float
492,350,000
Market Cap
$9.88 billion
Optionable
Optionable
Beta
1.37

Social Links


Key Executives

  • David L. FinkelsteinDavid L. Finkelstein
    Chief Executive & Investment Officer, Director
  • Steven F. Campbell
    President & Chief Operating Officer
  • Serena Wolfe
    Chief Financial Officer
  • Donald S. Choe
    Chief Technology Officer
  • Audrey K. Susanin
    Chief Compliance Officer & Deputy General Counsel













NLY Stock - Frequently Asked Questions

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

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Annaly Capital Management in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" NLY shares.
View NLY analyst ratings
or view top-rated stocks.

What is Annaly Capital Management's stock price forecast for 2023?

6 equities research analysts have issued 12 month price targets for Annaly Capital Management's shares. Their NLY share price forecasts range from $18.50 to $24.00. On average, they expect the company's share price to reach $21.69 in the next twelve months. This suggests a possible upside of 8.3% 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 stock has decreased by 5.0% and is now trading at $20.03.
View the best growth stocks for 2023 here
.

Are investors shorting Annaly Capital Management?

Annaly Capital Management saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 15,110,000 shares, a decline of 29.9% from the April 30th total of 21,560,000 shares. Based on an average trading volume of 4,850,000 shares, the short-interest ratio is currently 3.1 days. Currently, 3.1% of the shares of the stock are short sold.
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, July 26th 2023.
View our NLY earnings forecast
.

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 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 positive trailing twelve-month return on equity of 18.86% and a negative net margin of 38.80%. During the same quarter last year, the business 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 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 yield of 12.98%. The ex-dividend date is Thursday, June 29th.
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 13.13%. 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?

Annaly Capital Management's stock 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 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).

What is Annaly Capital Management's stock symbol?

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

Who are Annaly Capital Management's major shareholders?

Annaly Capital Management's stock is owned by a variety 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%).
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.

What is Annaly Capital Management's stock price today?

One share of NLY stock can currently be purchased for approximately $20.03.

How much money does Annaly Capital Management make?

Annaly Capital Management (NYSE:NLY) has a market capitalization of $9.89 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.

How many employees does Annaly Capital Management have?

The company employs 171 workers across the globe.

How can I contact Annaly Capital Management?

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.

This page (NYSE:NLY) was last updated on 6/9/2023 by MarketBeat.com Staff

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