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

Company Overview

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.

Written by Jeffrey Neal Johnson

Key Stats

• Today's Range: $18.81 to $19.32
• 50-Day Range: $18.77 to $20.28
• 52-Week Range: $17.67 to $21.11
• Volume: 29.16 million shs
• Average Volume: 4.47 million shs
• Market Capitalization: $10.66 billion
• P/E Ratio: N/A
• Dividend Yield: 13.67%
• Price Target: $21.50
• Consensus Rating: Moderate Buy

Annaly Capital Management Stock Analysis - MarketRank™

Annaly Capital Management scored higher than 72% of companies evaluated by MarketBeat, and ranked 383rd out of 935 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Annaly Capital Management has received a consensus rating of Moderate Buy. The company's average rating score is 2.89, and is based on 8 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Annaly Capital Management has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Earnings Growth

Earnings for Annaly Capital Management are expected to remain at $2.65 per share in the coming year.

Price to Earnings Ratio vs. the Market

The P/E ratio of Annaly Capital Management is -271.71, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Annaly Capital Management is -271.71, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Annaly Capital Management has a P/B Ratio of 0.97. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.95% of the float of Annaly Capital Management has been sold short.

Short Interest Ratio / Days to Cover

Annaly Capital Management has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Annaly Capital Management has recently decreased by 3.63%, indicating that investor sentiment is improving.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Annaly Capital Management is a leading dividend payer. It pays a dividend yield of 13.80%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Annaly Capital Management does not have a long track record of dividend growth.

Dividend Sustainability

Based on EPS estimates, Annaly Capital Management will have a dividend payout ratio of 98.11% in the coming year. This indicates that Annaly Capital Management may not be able to sustain their current dividend.

Sustainability and ESG

• Score: 2.0 / 5
• Environmental Score: -2.34

Percentage of Shares Shorted

1.95% of the float of Annaly Capital Management has been sold short.

Short Interest Ratio / Days to Cover

Annaly Capital Management has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Annaly Capital Management has recently decreased by 3.63%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.95

News Sentiment

Annaly Capital Management has a news sentiment score of 0.95. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.77 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Annaly Capital Management this week, compared to 7 articles on an average week.

Search Interest

Only 37 people have searched for NLY on MarketBeat in the last 30 days. This is a decrease of -26% compared to the previous 30 days.

MarketBeat Follows

25 people have added Annaly Capital Management to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Annaly Capital Management insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.21% of the stock of Annaly Capital Management is held by insiders.

Percentage Held by Institutions

51.56% of the stock of Annaly Capital Management is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NLY Stock Analysis - Frequently Asked Questions

How have NLY shares performed this year?

Annaly Capital Management's stock was trading at $19.37 at the start of the year. Since then, NLY shares have decreased by 1.8% and is now trading at $19.02.
View the best growth stocks for 2024 here.

How were Annaly Capital Management's earnings last quarter?

Annaly Capital Management, Inc. (NYSE:NLY) posted its quarterly earnings results on Wednesday, October, 23rd. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by $0.01. The real estate investment trust earned $1.23 billion during the quarter, compared to analyst estimates of $212 million. Annaly Capital Management had a net margin of 2.59% and a trailing twelve-month return on equity of 14.75%.

When did Annaly Capital Management's stock split?

Annaly Capital Management shares reverse split 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.

Who are Annaly Capital Management's major shareholders?

Top institutional shareholders of Annaly Capital Management include Allspring Global Investments Holdings LLC (3.59%), State Street Corp (3.10%), Geode Capital Management LLC (1.54%) and UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC (0.71%).
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.

What other stocks do shareholders of Annaly Capital Management own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Annaly Capital Management investors own include Verizon Communications (VZ), AT&T (T), AGNC Investment (AGNC), Energy Transfer (ET), Enterprise Products Partners (EPD), Meta Platforms (META) and Pfizer (PFE).

Company Calendar

• Ex-Dividend for 10/31 Dividend: 9/30/2024
• Last Earnings: 10/23/2024
• Dividend Payable: 10/31/2024
• Today: 12/21/2024
• Ex-Dividend for 1/31 Dividend: 12/31/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Mortgage REITs
• Current Symbol: NYSE:NLY
• CUSIP: 03571040
• CIK: 1043219
• Web: www.annaly.com
• Phone: (212) 696-0100
• Fax: 212-696-9809
• Employees: 187
• Year Founded: 1997

Price Target and Rating

• Average Stock Price Target: $21.50
• High Stock Price Target: $23.50
• Low Stock Price Target: $20.00
• Potential Upside/Downside: +13.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.89
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.07)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 7.18
• P/E Growth: N/A
• Net Income: $-1,643,170,000.00
• Net Margins: 2.59%
• Pretax Margin: 3.43%
• Return on Equity: 14.75%
• Return on Assets: 1.57%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.08
• Quick Ratio: 0.08

Sales & Book Value

• Annual Sales: $320.33 million
• Price / Sales: 33.28
• Cash Flow: $3.42 per share
• Price / Cash Flow: 5.56
• Book Value: $19.61 per share
• Price / Book: 0.97

Miscellaneous

• Outstanding Shares: 560,548,000
• Free Float: 559,371,000
• Market Cap: $10.66 billion
• Optionable: Optionable
• Beta: 1.51