Profile
Sector:
Real EstateIndustry:
MortgageCountry:
United StatesIPO:
08 October 1997Website:
http://www.annaly.comNext earnings report:
07 February 2025Last dividends:
30 September 2024Next dividends:
N/APrice
after hours | Tue, 19 Nov 2024 00:40:21 GMTAnalysts recommendations
Institutional Ownership
NLY Latest News
Annaly is set to benefit from falling Federal Fund rates, improving its net interest spread, and potentially resulting in higher earnings and a safer dividend. NLY is seeing strong interest income and valuation growth with regard to its mortgage-backed securities portfolio. Annaly's shares are attractively priced at a 13% dividend yield and a price-to-book ratio in-line with historical averages.
I enjoy my home, and I enjoy strong income from the homes of others. Don't neglect helping others achieve their goals while achieving your own. The beauty of the market is that your success doesn't have to depend on the failure of others.
Annaly Capital preferreds offer near double-digit yields and stable equity coverage, making them attractive even in a Fed-cutting environment. We take a look at the NLY preferreds trio in the context of the latest earnings release. NLY's modest leverage and common share issuance support preferreds, with NLY.PR.I as our pick for better yield and lower redemption risk.
Investors need to pay close attention to Annaly Capital (NLY) stock based on the movements in the options market lately.
Annaly Capital Management is well-positioned to benefit from the Fed's recent 50 bps rate cut, enhancing its net interest margins and book value growth. The mortgage REIT covered its dividend with distributable earnings in 3Q24, maintaining a robust pay-out ratio despite a slight deterioration in dividend metrics. Annaly's stock trades at a slight 2% premium to book value, with potential for further valuation expansion as interest rates continue to fall.
The mortgage REIT is seeing tailwinds in its business.
Annaly Capital Management barely makes enough money to cover its high-yielding dividend.
NLY's Q3 2024 earnings reflect a year-over-year decline in its BVPS. Yet, a rise in NII and average yield on interest-earning assets offers some support.
Annaly Capital Management (NLY) came out with quarterly earnings of $0.66 per share, missing the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.66 per share a year ago.
Annaly Capital Management, Inc. just released its third quarter earnings and missed Wall Street estimates. The release missed widely on GAAP earnings and slightly on earnings available for distribution, or EAD. This REIT has been cutting its dividend recently.
What type of business is Annaly Capital Management?
Annaly Capital Management, Inc., a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities. It has elected to be taxed as a real estate investment trust (REIT). As a REIT, it is not subject to federal income tax to the extent that it distributes its taxable income to its shareholders. The company was incorporated in 1996 and is based in New York, New York.
What sector is Annaly Capital Management in?
Annaly Capital Management is in the Real Estate sector
What industry is Annaly Capital Management in?
Annaly Capital Management is in the Mortgage industry
What country is Annaly Capital Management from?
Annaly Capital Management is headquartered in United States
When did Annaly Capital Management go public?
Annaly Capital Management initial public offering (IPO) was on 08 October 1997
What is Annaly Capital Management website?
https://www.annaly.com
Is Annaly Capital Management in the S&P 500?
No, Annaly Capital Management is not included in the S&P 500 index
Is Annaly Capital Management in the NASDAQ 100?
No, Annaly Capital Management is not included in the NASDAQ 100 index
Is Annaly Capital Management in the Dow Jones?
No, Annaly Capital Management is not included in the Dow Jones index
When was Annaly Capital Management the previous earnings report?
No data
When does Annaly Capital Management earnings report?
The next expected earnings date for Annaly Capital Management is 07 February 2025