Annaly Capital Management (NLY) Stock

In the most recent trading session, Annaly Capital Management (NLY) finished at $18.77, which is a decrease of 0.37% compared to the previous day.

These high-quality income stocks have an average yield of 8.53%!

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At the end of the last trading day, Annaly Capital Management (NLY) was priced at $19.76, which is the same as the previous day.

Annaly's earnings for the third quarter fell short of what analysts expected, highlighting the challenges posed by the unfavorable yield curve. However, the company kept its quarterly dividend at $0.65 per share, which shows that management is confident, leading to a forward yield of over 13%. A 13% yield is definitely appealing in general.

Annaly (NLY) shared its earnings report 30 days ago. What can we expect for the stock moving forward?

Annaly is expected to gain from decreasing Federal Fund rates, which could enhance its net interest spread and lead to increased earnings and a more secure dividend. The company is experiencing solid interest income and growth in the value of its mortgage-backed securities. Annaly's shares are appealing, offering a 13% dividend yield and a price-to-book ratio that matches historical norms.

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Annaly Capital's preferred shares provide nearly double-digit yields and consistent equity support, which makes them appealing even when the Federal Reserve is cutting rates. We examine the three NLY preferreds in light of the most recent earnings report. With NLY's reasonable leverage and issuance of common shares, we recommend NLY.PR.I for its higher yield and reduced risk of being redeemed.