
Annaly Capital (NLY) Stock Forecast & Price Target
Annaly Capital (NLY) Analyst Ratings
Bulls say
Annaly Capital Management demonstrated a robust financial performance with a significant increase in its residential credit portfolio, rising to $7.0 billion, which constitutes approximately 22% of equity, driven by a record quarterly purchase volume of $4 billion in the fourth quarter of 2024. The company reported an annualized economic return on average equity of 14.27%, with an expansion in net interest margin contributing to a net investment spread increase of 15 basis points, underscoring its effective asset management strategies. Looking ahead, Annaly is poised for growth as it anticipates an increase in non-agency market issuance and a shift towards a higher allocation in credit, which signals a positive outlook for sustained profitability.
Bears say
Annaly Capital Management's reported book value per share of $19.15 reflects a 2% decline from the previous quarter, falling short of analysts' estimates and indicating potential weaknesses in the company's financial health. The core agency portfolio also saw a decrease, declining by 262 basis points to $70.6 billion, contributing to concerns regarding the company's revenue generation capabilities, particularly within its key Agency segment. Additionally, despite a slight decrease in economic leverage to 5.5x, the overall liquidity position deteriorated with cash reserves dropping from $4.7 billion to $3.9 billion, further compounding the negative outlook for the firm.
This aggregate rating is based on analysts' research of Annaly Capital and is not a guaranteed prediction by Public.com or investment advice.
Annaly Capital (NLY) Analyst Forecast & Price Prediction
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