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.

Earnings data Q1 2021

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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, Inc. (NYSE:NLY ) Q1 2024 Earnings Conference Call April 25, 2024 9:00 AM ET Company Participants Sean Kensil - Director and Investor Relations David Finkelstein - Chief Executive Officer and Chief Investment Officer Serena Wolfe - Chief Financial Officer Ken Adler - Head of Mortgage Servicing Rights and Head of Portfolio Analytics Mike Fania - Deputy Chief Investment Officer and Head of Residential Credit Conference Call Participants Bose George - KBW Doug Harter - UBS Rick Shane - JPMorgan Jason Weaver - Jones Trading Trevor Cranston - JMP Securities Eric Hagen - BTIG Kenneth Lee - RBC Capital Markets Meryl Ross - Compass Point Operator Good morning. And welcome to the First Quarter 2024 Annaly Capital Management Earnings Conference.

Annaly Capital Management, Inc. (NLY) Q1 2024 Earnings Call Transcript

Improving average yield on interest-earning assets supports Annaly's (NLY) Q1 earnings, while a decline in NII is a key undermining factor.

Annaly (NLY) Meets Q1 Earnings Estimates, Logs Negative NII

NEW YORK--(BUSINESS WIRE)--ANNALY CAPITAL MANAGEMENT, INC. REPORTS 1st QUARTER 2024 RESULTS.

Annaly Capital Management, Inc. Reports 1st Quarter 2024 Results

Annaly Capital is a mortgage REIT, a complicated business that makes investing in it complicated as well. UDR is a property-owning REIT with a diversified portfolio of apartment buildings, which is a boring but reliable business model.

1 Dividend Stock to Buy Hand Over Fist, and 1 to Avoid

Annaly Capital (NYSE: NLY) stock price has erased all gains made earlier this year as hopes of a Fed rate cut fall and as mortgage rates rise. It rallied from a low of $17.68 after its fourth-quarter earnings and jumped to over $19.73 in March.

Annaly stock price forms 2 bullish patterns ahead of earnings

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While stable agency MBS spreads are expected to have aided Annaly's (NLY) tangible book value, high interest rates are expected to have increased its funding costs in Q1.

What's in the Cards for Annaly (NLY) This Earnings Season?

Annaly's stock has declined by 43% since I became bearish, with a 20% net loss after dividends. Mortgage REITs like Annaly pay double-digit dividend yields, but their book values have declined due to rising mortgage rates. Annaly's exposure to the mortgage market includes agency mortgage-backed securities, MSR assets, and residential credit.

Annaly: Improved Outlook As Mortgage Spreads Decline (Rating Upgrade)

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Most of these shares are either floating today or will float within a year. We're also including a common share where the high yield and discount to book value are big enough to be quite appealing. Of course, it also carries more risk. We're also going to highlight one lower-risk equity REIT that I find attractive following the recent decline.

10% Yields Or Higher

Annaly (NLY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Annaly Capital Management (NLY) to Report a Decline in Earnings: What to Look Out for

Annaly stock has been hurt by rate hikes over the past few years. With the Fed likely to lower rates in the coming years, Annaly stock should move higher.

Where Will Annaly Capital Management Stock Be in 3 Years?

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We're looking at two REITs with similar portfolios and a 20% difference in valuation. For these REITs, we believe changes in book value were pretty small during Q1 2024.

Huge Disparity In These 2 REITs

I see Annaly facing similar pressures as it did in 2022. I see good odds for the yield spread between long-term and short-term rates to become more negative and pressure its profit. NLY's leverage risks are also a concern, with its debt-to-equity ratio and asset-to-tangible book value ratio higher than historical averages.

Annaly: 2022 Replay

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Annaly Capital Management (NLY) closed at $19.23 in the latest trading session, marking a +0.1% move from the prior day.

Annaly Capital Management (NLY) Advances But Underperforms Market: Key Facts

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NEW YORK--(BUSINESS WIRE)--Annaly Capital Management, Inc. (NYSE:NLY) (“Annaly” or the “Company”) announced today that it will release its financial results for the quarter ended March 31, 2024 after the market close on Wednesday, April 24, 2024. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, April 25, 2024 at 9:00 a.m. Eastern Time. Participants are encouraged to pre-register for the conference call to receive a unique PIN to gain immediate acc.

Annaly Capital Management, Inc. Announces Dates of First Quarter 2024 Financial Results and Conference Call

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Recently, Zacks.com users have been paying close attention to Annaly (NLY). This makes it worthwhile to examine what the stock has in store.

Here is What to Know Beyond Why Annaly Capital Management Inc (NLY) is a Trending Stock

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A high dividend yield can be a warning that a cut is forthcoming. Annaly Capital Management might need to cut its dividend again if market conditions worsen.

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Annaly Capital Management (NLY) reachead $19.44 at the closing of the latest trading day, reflecting a -1.47% change compared to its last close.

Annaly Capital Management (NLY) Stock Dips While Market Gains: Key Facts

Annaly Capital is a REIT, a unique type of company meant to pass income on to investors. Annaly is focused on the mortgage niche, which is a unique approach within the REIT sector.

Is 13%-Yielding Annaly Capital the Best Dividend Stock for You?

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