Annaly Capital

Annaly Capital Management, Inc. engages in the investment and financing of residential and commercial assets. It operates through the following investment groups: Agency, Residential Credit, Commercial Credit and Middle Market Lending. The Agency group invests in agency mortgage-backed securities. The Residential Credit group involves non-agency residential mortgage assets within securitized products and whole loan markets. The Commercial Real Estate group includes commercial mortgage, loans, securities, and other commercial real estate debt and equity investments. The Middle Market Lending group provides financing to private equity backed middle market businesses across the capital structures. The company was founded by Michael A. J. Farrell and Wellington Jamie Denahan-Norris on February 18, 1997 and is headquartered in New York, NY.

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Annaly Capital Management reports solid Q4 performance amidst market shifts

Annaly Capital Management delivered a strong performance in Q4 2022, adapting its portfolio and dividend strategy to navigate market conditions. While facing challenges in the housing market and dividend adjustments, the company remains optimistic about future opportunities and prepared for potential disruptions.

Annaly Capital reports resilient performance amidst market challenges and opportunities

Annaly Capital navigated a challenging quarter with cautious optimism, showcasing financial resilience and strategic portfolio positioning. Despite facing challenges from declining demand and market uncertainties, the company is capitalizing on opportunities in the agency MBS sector and credit risk transfer investments. With a focus on stability and control, Annaly Capital remains well-positioned for potential growth.

Annaly Capital reports resilient performance and eyes growth opportunities

Annaly Capital's Q2 2023 earnings call showcased a resilient performance amidst market volatility, with positive financial highlights and strategic portfolio updates. While challenges such as market volatility and potential balance sheet normalization exist, the company remains focused on maintaining returns and seizing opportunities for growth in residential credit and MSR assets. Overall, Annaly Capital maintains a cautious yet optimistic outlook for future market conditions.

Annaly Capital reports Q3 challenges, focuses on growth opportunities

Annaly Capital faced challenges with negative economic returns and declining book value per share in Q3 2023, driven by underperformance in Agency MBS and rising interest rates.
Despite these challenges, the company demonstrated strengths in portfolio management, MSR portfolio growth, and maintaining a healthy liquidity profile.
Opportunities lie in strategic growth initiatives, disciplined risk management, and capitalizing on market opportunities for improved performance and shareholder value.

Annaly Capital reports robust Q4 performance amidst Fed policy concerns

Annaly Capital delivered strong financial performance in Q4 2023, surpassing dividends and emphasizing strategic risk management.
The company faces challenges from potential Fed policy normalization but remains optimistic about shareholder returns and market preparedness.
Opportunities exist in portfolio enhancement through duration addition, credit growth, and sourcing MSR in a favorable environment.

Annaly Capital delivers robust Q1 performance amidst interest rate dynamics

Annaly Capital's Q1 2024 showcased strong performance in its residential credit and MSR businesses, underpinned by a disciplined approach to risk management. While challenges exist in managing interest rate risk and cost of funds, opportunities lie in optimizing capital efficiency and improving profitability through increased net interest margin.

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Annaly Capital Management, Inc. engages in the investment and financing of residential and commercial assets. It operates through the following investment groups: Agency, Residential Credit, and Mortgage Servicing Rights. The Agency group invests in agency mortgage-backed securities. The Residential Credit group involves non-agency residential mortgage assets within securitized products and whole loan markets. The Mortgage Servicing Rights group provides the right to service residential mortgage loans in exchange for a portion of the interest payments made on the loans. The company was founded by Michael A. J. Farrell and Wellington Jamie Denahan-Norris on November 25, 1996 and is headquartered in New York, NY.

Annaly Capital Management has faced challenges with mark-to-market losses in mortgage-backed securities due to a difficult interest rate environment. Analysts are optimistic about the MBS sector in the coming year, citing factors such as the Federal Reserve nearing the end of its hiking cycle and more appealing MBS valuations. The timing of potential rate cuts remains uncertain, leading to differing opinions among market participants and caution in the overall outlook.

Annaly Capital Management: Cautiously Optimistic Over This Near 15% Yielder

Annaly (NLY) reported earnings 30 days ago. What's next for the stock?

Annaly (NLY) Up 17.5% Since Last Earnings Report: Can It Continue?

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Is Annaly (NLY) a Buy as Wall Street Analysts Look Optimistic?

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Annaly Capital is a real estate investment trust that invests in mortgage securities. The REIT has a terrible record when it comes to its dividend.

3 Things You Need to Know If You Buy Annaly Capital Management Today

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During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

These 3 Financial Stocks Delivering High-Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts - Granite Point Mortgage (NYSE:GPMT), Annaly Capital Management (NYSE:NLY)

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We take a look at the action in preferreds and baby bonds through the fourth week of October and highlight some of the key themes we are watching. Preferred stocks were slightly lower as Treasury yields fell, driving yields above the COVID period. Mortgage REIT preferreds kicked off earnings and saw double-digit drops in book value.

Preferreds Weekly Review: Agency mREITs Kick Off Earnings

Stock price weakness in Annaly Capital Management presents an attractive entry point into the largest mortgage real estate investment trust. Despite weak Q3 results, the 11% discount to book value offers a reasonable margin of safety. The expectation of lower interest rates in 2024 and improving economics could make the stock a compelling investment.

Annaly Capital Management: This 16.6% Yielding Trust Is A Bargain (Upgrade)

Annaly Capital Management, Inc.  ( NYSE:NLY) is trying to brush off a bear note from Piper Sandler today, after the firm lowered its price target to $18 from $21.

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Disaster Strikes: Mortgage REITs Under Siege

Improving average yield on interest-earning assets supports Annaly's (NLY) Q3 earnings, while a decline in NII is a key undermining factor.

Annaly (NLY) Tops Q3 Earnings Estimates, Reports Negative NII

Annaly Capital Management, Inc. (NYSE:NLY ) Q3 2023 Earnings Conference Call October 26, 2023 9:00 AM ET Company Participants Sean Kensil - Vice President, Annaly Capital Management David Finkelstein - Chief Executive Officer, Chief Investment Officer & Director Serena Wolfe - Chief Financial Officer Ken Adler - Head, Mortgage Servicing Rights & Portfolio Analytics Michael Fania - Deputy Chief Investment Officer & Head, Residential Credit V.S Srinivasan - Head of Agency Conference Call Participants Bose George - KBW Crispin Love - Piper Sandler & Co. Trevor Cranston - JMP Securities Rick Shane - JPMorgan Chase & Co. Eric Hagen - BTIG Matthew Erdner - JonesTrading Operator Good morning and welcome to the Third Quarter 2023 Conference Call for Annaly Capital Management. [Operator Instructions] Please note this event is being recorded.

Annaly Capital Management, Inc. (NLY) Q3 2023 Earnings Call Transcript

Annaly Capital Management, Inc. common equity dropped by over $1.2 billion in Q3 2023. Earnings available for distribution dropped 6 cents from the previous quarter and are now down 40 cents from last year's high. We tell you why we are upgrading this one.

Annaly Capital Q3: Crash Is King (Rating Upgrade)

Annaly Capital Management reported fiscal 2023 third quarter book value per share of $18.25, a 12% decline from the second quarter. The commons are now trading hands at a 17% discount, but with earnings available for distribution that dipped 6 cents from the second quarter. A 98.5% payout ratio implies a possible near-term dividend cut as the macroeconomic environment entered an even more marked period of volatility in the fourth quarter.

Annaly Capital: Fight The Fed With A Fat 17.3% Yield

Annaly Capital Management (NLY) came out with quarterly earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $1.06 per share a year ago.

Annaly Capital Management (NLY) Beats Q3 Earnings Estimates

NEW YORK--(BUSINESS WIRE)--Annaly Capital Management, Inc. Reports 3rd Quarter 2023 Results.

Annaly Capital Management, Inc. Reports 3rd Quarter 2023 Results

High interest rates are likely to increase Annaly's (NLY) Q3 costs of interest-bearing liabilities, while spread widening is expected to have affected book value and unrealized losses on investments.

Can Annaly (NLY) Retain Its Beat Streak in Q3 Earnings?

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In the latest trading session, Annaly Capital Management (NLY) closed at $17.78, marking a -1.71% move from the previous day.

Annaly Capital Management (NLY) Suffers a Larger Drop Than the General Market: Key Insights

Annaly Capital Management's stock is down 13.37% since our last article. The company is likely to sell assets on the way down to maintain leverage requirements. The yield is seductive, but the distribution will be cut again. Chasing the yield will create more harm than good.

Annaly Capital: A Maleficent 14% Yield

Despite its market leadership, Annaly Capital stock has underperformed the S&P 500 over the past ten years. Picking spots on NLY is critical, given its demonstrated long-term underperformance. As such, I was cautious in late November 2022. Given its recent steep plunge, I explain why I'm ready to turn bullish on NLY. Investors have rapidly priced in the surge in bond yields as NLY holders capitulated.

Annaly Capital: Steep Plunge Unveils My Bullish Thesis - Here's Why (Rating Upgrade)

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The stock market is experiencing significant volatility. The increase in job openings fueled concerns about a tight labor market and the potential for the Federal Reserve to maintain high interest rates. Investors should be cautious and avoid stocks with high dividend yields that may be too good to be true as they often indicate underlying issues with the company's fundamentals.

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Annaly Capital Management (NLY) closed the most recent trading day at $17.72, moving -0.67% from the previous trading session.

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