Annaly Capital Management
NLY
Market cap $13.5B

21.08 USD

+0.03

0.14%

At close Aug 26, 4:00 PM EDT

After hours

21.08

+0.00

0.00%

1 day

0.14%

5 days

1.59%

1 month

1.93%

3 months

10.95%

6 months

-3.66%

Year to date

14.69%

1 year

4.72%

5 years

-28.01%

10 years

-47.19%

About: Annaly Capital Management Inc is an American mortgage real estate investment trust. Its business objective is to generate net income for distribution to its stockholders and optimize its returns through prudent management of its diversified investment strategies. The company's reportable operating segments are; the Agency segment, which invests in Agency mortgage-backed securities collateralized by residential mortgages; the Residential Credit segment, which invests in non-Agency residential whole loans and securitized products within the residential and commercial markets; the Mortgage Servicing Rights segment; and Corporate & Other. Maximum revenue for the company is generated from its Agency segment.

Employees: 191

Real Estate Mortgage REIT

0

Funds holding %

of 7,433 funds

0

Analysts bullish %

of 4 analysts

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

111% more repeat investments, than reductions

Existing positions increased: 308 | Existing positions reduced: 146

17% more first-time investments, than exits

New positions opened: 90 | Existing positions closed: 77

2.56% more ownership

Funds ownership: 58.6% [Q1] → 61.16% (+2.56%) [Q2]

0% more capital invested

Capital invested by funds: $6.89B [Q1] → $6.9B (+$7.19M) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 4 [Q1] → 4 (+0) [Q2]

1% less funds holding

Funds holding: 640 [Q1] → 632 (-8) [Q2]

24% less call options, than puts

Call options by funds: $81.8M | Put options by funds: $108M

See Fund Rankings

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$20

5%

downside

Avg. target

$21

1%

downside

High target

$22

2%

upside

4 analyst ratings

3 positive

75%

1 neutral

25%

0 negative

0%

Keefe, Bruyette & Woods Bose George	2%upside $22	Outperform Maintained	25 Jul 2025
Jones Trading Jason Weaver	0%downside $21	Buy Maintained	24 Jul 2025
UBS Douglas Harter	5%downside $20	Neutral Maintained	10 Jul 2025
RBC Capital Kenneth Lee	0%downside $21	Outperform Maintained	27 May 2025

See Analyst Rankings

Financial journalist opinion

Based on 18 articles about NLY published over the past 30 days

8.8% Yield On New Annaly Capital Management Preferred Share

NLY-J preferred shares offer an attractive yield and about five years of call protection. Relative to other fixed-rate preferreds, NLY-J stands out for yield and safety, but some alternatives shown here offer more upside in a rate-cut scenario. If the Fed cuts rates without a recession, NLY-J could break $26. There's even a chance that it happens just with dividend accrual, though I wouldn't have expected that.

8.8% Yield On New Annaly Capital Management Preferred Share

Assessing Annaly Capital's Performance For Q2 2025

Annaly Capital delivered a solid, as-expected quarter with minor outperformance in book value and core earnings versus projections. Risk/performance rating remains at 3.5; NLY is well positioned to maintain its $0.70 dividend, with only slight coverage concerns to monitor. NLY's hedging coverage ratio decreased to 95%, reflecting a slightly less defensive but still prudent risk management stance.

Assessing Annaly Capital's Performance For Q2 2025

Powell Pivot Sparks REIT Rebound

U.S. equity markets notched another series of record highs this week, surging into the weekend after surprisingly dovish commentary from Federal Reserve Chair Powell, who hinted at imminent rate cuts. Powell used his final Jackson Hole speech as Fed Chair to deliver a clear policy pivot, an unexpected reversal after months of insistence that tariff-related inflation warranted a hawkish framework. Markets were equally relieved by the policy-focused nature of Powell's speech amid speculation that the address may be used instead as a potential defiant sermon on central bank independence.

Powell Pivot Sparks REIT Rebound

Zacks Investment Research

Mortgage Rates at Lowest Level of 2025: 3 mREIT Stocks to Watch

Mortgage rates are at their lowest level of 2025, boosting affordability, and spotlighting dividend-paying mREITs like NLY, ORC, and ARI.

Mortgage Rates at Lowest Level of 2025: 3 mREIT Stocks to Watch

24/7 Wall Street

Will Rate Cuts Revive Housing and Make These 2 Ultra-High-Yield mREITs a Smart Investment?

Key Points in This Article: Berkshire Hathaway's 13F filing shows new stakes in homebuilders, signaling Buffett's confidence in the market.

Will Rate Cuts Revive Housing and Make These 2 Ultra-High-Yield mREITs a Smart Investment?

Annaly Capital: New 8.875% Fixed-Rate Preferred From Mortgage REIT

Annaly Capital Management's new fixed-rate preferred offers high yield and 5 years of call protection, appealing to income-focused investors. Issuing preferreds is a cost-effective equity strategy for NLY, as the company pays less on preferreds than on common shares. NLY.PR.J's fixed-rate structure provides interest-rate diversification versus the company's other floating-rate preferreds but exposes holders to duration risk if rates rise.

Annaly Capital: New 8.875% Fixed-Rate Preferred From Mortgage REIT

Zacks Investment Research

Annaly Shares Gains 10.3% in 1H25: Buy, Hold, or Take Profits?

Does NLY's high dividend yield, diversified mortgage portfolio and rising net interest income keep it attractive despite valuation concerns? Let us find out.

Annaly Shares Gains 10.3% in 1H25: Buy, Hold, or Take Profits?

9 High-Yield Shares Compared

Most of the focus is going to be on preferred shares, but we're also talking baby bonds and one common share. Some investors want upside if rates fall. Others want yield or greater security. One management team decided to pump out some shares below our estimate for book value. Share prices promptly underperformed all peers.

9 High-Yield Shares Compared

Zacks Investment Research

Why Annaly Capital Management (NLY) is a Top Momentum Stock for the Long-Term

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Why Annaly Capital Management (NLY) is a Top Momentum Stock for the Long-Term

The Motley Fool

Is Annaly Capital Management Stock a Millionaire Maker?

The S&P 500 index is currently offering a slim little 1.2% yield. The average real estate investment trust (REIT) is yielding around 3.9%.

Is Annaly Capital Management Stock a Millionaire Maker?

See News Rankings

Charts implemented using Lightweight Charts™