Annaly Capital Management, Inc. (NLY)

US — Real Estate Sector
Peers: ARR  TWO  ABR  CIM  ORC  IVR  NYMT  AGNC  STWD  RITM  BXMT  ACRE 

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Key Metrics & Ratings

  • symbol NLY
  • Rev/Share 9.5253
  • Book/Share 23.3184
  • PB 0.9936
  • Debt/Equity 6.9518
  • CurrentRatio 0.035
  • ROIC 94.9717

 

  • MktCap 16573187052.0
  • FreeCF/Share -1.001
  • PFCF -23.8913
  • PE 7.8864
  • Debt/Assets 0.8249
  • DivYield 0.1214
  • ROE 0.1413

 

  • Rating A-
  • Score 4
  • Recommendation Buy
  • P/E Score 4
  • DCF Score 4
  • P/B Score 3
  • D/E Score 1

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Upgrade NLY BTIG Research Neutral Buy -- -- Jan. 6, 2026
Initiation NLY Barclays -- Equal Weight -- $19 Jan. 6, 2025
Upgrade NLY Wells Fargo Equal Weight Overweight $19 $23 Sept. 20, 2024

News

How to Approach Annaly Stock With Easing Mortgage Rates in 2026
NLY
Published: February 16, 2026 by: Zacks Investment Research
Sentiment: Neutral

Annaly Capital Management's NLY performance and prospects remain closely tied to movements in mortgage rates and Federal Reserve policy.

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image for news How to Approach Annaly Stock With Easing Mortgage Rates in 2026
Here's Why Annaly Capital Management (NLY) is a Strong Value Stock
NLY
Published: February 16, 2026 by: Zacks Investment Research
Sentiment: Positive

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

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image for news Here's Why Annaly Capital Management (NLY) is a Strong Value Stock
High-Yield Carnage In 2026
AGNC, ARCC, ARR, BXMT, BXSL, CHMI, CIM, CSWC, DX, EFC, FBRT, FSK, GAIN, GBDC, GPMT, MAIN, MFA, MITT, NLY, OBDC, OCSL, ORC, PFSI, PMT, RC
Published: February 03, 2026 by: Seeking Alpha
Sentiment: Negative

Multiple mortgage REITs fell by over 10% on the day. The stock driving the bus of bad dropped 33% on Friday and is continuing lower today. Preferred shares and baby bonds have consistently outperformed on a risk-adjusted basis, prompting a portfolio shift towards these instruments for better yield and stability.

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image for news High-Yield Carnage In 2026
8% High Dividend Yield From Annaly Capital Preferred Share
NLY
Published: January 30, 2026 by: Seeking Alpha
Sentiment: Positive

8% High Dividend Yield From Annaly Capital Preferred Share

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image for news 8% High Dividend Yield From Annaly Capital Preferred Share
Annaly Q4 Earnings Surpass Estimates, Book Value Improves Y/Y
NLY
Published: January 29, 2026 by: Zacks Investment Research
Sentiment: Positive

NLY's Q4 results benefit from higher yields and asset growth, with book value increasing to $20.21 year over year.

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image for news Annaly Q4 Earnings Surpass Estimates, Book Value Improves Y/Y
Annaly Capital Management, Inc. (NLY) Q4 2025 Earnings Call Transcript
NLY
Published: January 29, 2026 by: Seeking Alpha
Sentiment: Neutral

Annaly Capital Management, Inc. (NLY) Q4 2025 Earnings Call Transcript

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image for news Annaly Capital Management, Inc. (NLY) Q4 2025 Earnings Call Transcript
Annaly Set to Report Q4 Earnings: What's in Store for the Stock?
NLY
Published: January 26, 2026 by: Zacks Investment Research
Sentiment: Positive

NLY is set to report Q4 earnings. It expects NII to jump y/y, EPS to be flat, and rate cuts to shape MBS spreads and book value.

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image for news Annaly Set to Report Q4 Earnings: What's in Store for the Stock?
Mortgage Rates End 2025 With Fresh Low: 3 mREIT Stocks in Focus
EFC, NLY, NREF
Published: January 06, 2026 by: Zacks Investment Research
Sentiment: Positive

Mortgage rates hit 2025 lows near 6.15%, improving housing demand and putting mREITs like EFC, NLY and NREF in focus.

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image for news Mortgage Rates End 2025 With Fresh Low: 3 mREIT Stocks in Focus
The $100,000 Dividend Plan: Why Cash Flow Is The Only Retirement Goal That Matters
NLY, O, PFFA
Published: December 26, 2025 by: Seeking Alpha
Sentiment: Neutral

Avoid vague wealth goals; set specific, realistic targets for retirement. Portfolio value fluctuates wildly; rely on stable income generation instead. Don't sell shares to pay bills; replace income with dividends.

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image for news The $100,000 Dividend Plan: Why Cash Flow Is The Only Retirement Goal That Matters
How to Approach Annaly Stock With Easing Mortgage Rates?
NLY
Published: December 05, 2025 by: Zacks Investment Research
Sentiment: Positive

Lower mortgage rates and a diversified portfolio strengthen NLY's long-term stability. Read on to know how to play the stock now.

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image for news How to Approach Annaly Stock With Easing Mortgage Rates?
6 Dividend Stocks Ready To Benefit From 2026's Rate-Shift Economy
DHR, DX, HSY, NLY
Published: December 04, 2025 by: Forbes
Sentiment: Positive

Let's get our 2026 dividend shopping finished ahead of time, shall we?

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image for news 6 Dividend Stocks Ready To Benefit From 2026's Rate-Shift Economy
3 Stocks Giving You More Than 4 Percent Income in 2026
EPD, NLY, NNN
Published: December 04, 2025 by: 24/7 Wall Street
Sentiment: Neutral

As income-focused investors look toward 2026, they are likely doing so with one goal, and that is earning as much money as possible.

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image for news 3 Stocks Giving You More Than 4 Percent Income in 2026
Annaly Capital Hits 52-Week High: What Does it Mean for Investors?
NLY
Published: November 28, 2025 by: Zacks Investment Research
Sentiment: Neutral

NLY jumps to a 52-week high on easing mortgage rates and strategic shifts, but what should investors make of the stock's next move? Lets' discuss.

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image for news Annaly Capital Hits 52-Week High: What Does it Mean for Investors?
Annaly Capital: The Train Is About To Leave The Rate-Cut Station
NLY
Published: November 27, 2025 by: Seeking Alpha
Sentiment: Positive

Annaly Capital offers an attractive opportunity for income investors, driven by its high dividend yield and large Agency MBS portfolio. NLY stands to benefit from falling interest rates, which should boost agency MBS prices, book value, and support continued dividend payments. Current dividend coverage is strong at 104%, with a $0.70 quarterly payout and a yield just below 13%, making it appealing for yield-focused investors.

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image for news Annaly Capital: The Train Is About To Leave The Rate-Cut Station
Why Is Annaly (NLY) Up 3.5% Since Last Earnings Report?
NLY
Published: November 21, 2025 by: Zacks Investment Research
Sentiment: Positive

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

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image for news Why Is Annaly (NLY) Up 3.5% Since Last Earnings Report?
Powell Makes This 12.9% REIT A Best Buy For 2026
NLY
Published: November 20, 2025 by: Forbes
Sentiment: Positive

Jerome Powell is preparing a wonderful holiday income dish for us.

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image for news Powell Makes This 12.9% REIT A Best Buy For 2026
Annaly Capital Q3: Graham P/E And Number Show Attractive Valuation, But Risks Remain
NLY
Published: November 19, 2025 by: Seeking Alpha
Sentiment: Negative

Judging by its FQ3 earnings report, I expect flat earnings growth ahead for Annaly Capital Management. Other risks include chronic book value per share (BVPS) erosion and significant equity dilution, both of which can pressure long-term valuation. To counterbalance these negatives, Annaly Capital Management stock now trades at a sizable discount, judging by two independent valuation methods.

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image for news Annaly Capital Q3: Graham P/E And Number Show Attractive Valuation, But Risks Remain
Can Annaly Capital Uphold Its Impressive 13% Dividend Yield?
NLY
Published: November 05, 2025 by: Zacks Investment Research
Sentiment: Positive

NLY's 13% dividend yield, $1.5B buyback plan and $8.8B liquidity base underscore its drive to sustain strong shareholder returns.

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image for news Can Annaly Capital Uphold Its Impressive 13% Dividend Yield?
Annaly: 1.04X Coverage, Strong BV Growth, Cheap
NLY
Published: October 28, 2025 by: Seeking Alpha
Sentiment: Positive

Annaly Capital Management delivered strong Q3 results, benefiting from an improved net interest spread and a favorable interest rate environment. NLY's mortgage-backed securities portfolio grew by 10% Q/Q to $87.3B in Q3'25, and the mortgage REIT's net interest spread increased for the fourth consecutive quarter. Annaly's dividend coverage profile is slightly improving, and the REIT supported its dividend consistently throughout the last year.

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image for news Annaly: 1.04X Coverage, Strong BV Growth, Cheap
Annaly Capital Management, Inc. (NLY) Q3 2025 Earnings Call Transcript
NLY
Published: October 23, 2025 by: Seeking Alpha
Sentiment: Neutral

Annaly Capital Management, Inc. (NYSE:NLY ) Q3 2025 Earnings Call October 23, 2025 9:00 AM EDT Company Participants Sean Kensil David Finkelstein - CEO, Co-Chief investment Officer & Director Serena Wolfe - Chief Financial Officer Ken Adler - Head of Mortgage Servicing Rights & Portfolio Analytics V.S. Srinivasan - Head of Agency Michael Fania - Co-Chief Investment Officer & Head of Residential Credit Conference Call Participants Bose George - Keefe, Bruyette, & Woods, Inc., Research Division Douglas Harter - UBS Investment Bank, Research Division Harsh Hemnani Jason Weaver - JonesTrading Institutional Services, LLC, Research Division Eric Hagen - BTIG, LLC, …

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image for news Annaly Capital Management, Inc. (NLY) Q3 2025 Earnings Call Transcript
Annaly Q3 Earnings Surpass Estimates, Book Value Declines Y/Y
NLY
Published: October 23, 2025 by: Zacks Investment Research
Sentiment: Positive

NLY's Q3 earnings top estimates on stronger yields and asset growth, though book value slipped from last year.

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image for news Annaly Q3 Earnings Surpass Estimates, Book Value Declines Y/Y
2 Stocks That Yield 12% and Higher Are Passive Income Kings
IIPR, NLY
Published: October 13, 2025 by: 24/7 Wall Street
Sentiment: Positive

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image for news 2 Stocks That Yield 12% and Higher Are Passive Income Kings
3 mREIT Stocks to Keep on Your Radar Amid Challenging Industry Trends
ARI, EFC, NLY
Published: October 08, 2025 by: Zacks Investment Research
Sentiment: Negative

While the volatile mortgage market is likely to hurt the Zacks REIT and Equity Trust industry, companies like NLY, ARI and EFC are poised to navigate the challenges.

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image for news 3 mREIT Stocks to Keep on Your Radar Amid Challenging Industry Trends
Discover the Elite Stocks Delivering 12%+ Yields for Ultimate Passive Income Domination
ARR, BGS, NLY, TXO
Published: October 03, 2025 by: 24/7 Wall Street
Sentiment: Positive

Are you ready to enjoy a high-dividend lifestyle? Today is a great day to bolster your passive income potential with four stocks featuring forward annual dividend yields that exceed 12% as of Oct.

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image for news Discover the Elite Stocks Delivering 12%+ Yields for Ultimate Passive Income Domination
The Preferred 'Preferred Share' Of Annaly Capital
NLY
Published: September 22, 2025 by: Seeking Alpha
Sentiment: Positive

The article discusses the concept of preferred shares and their unique features in the investment landscape, focusing on the 4 classes issued by Annaly Capital Management and currently outstanding. Preferred shares offer investors a hybrid between equity and fixed income, providing (hopefully steady) dividends with (distribution) priority over common stockholders. These securities can be attractive for income-focused investors seeking higher yields than traditional bonds. Annaly Capital's preferred shares fit the bill.

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image for news The Preferred 'Preferred Share' Of Annaly Capital
Here's How to Play Annaly Stock as Mortgage Rates Continue to Decline
NLY
Published: September 19, 2025 by: Zacks Investment Research
Sentiment: Neutral

Can NLY capitalize on falling mortgage rates and Fed cuts with its diversified portfolio and strong liquidity performance? Let's find out.

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image for news Here's How to Play Annaly Stock as Mortgage Rates Continue to Decline
3 mREIT Stocks to Watch as Mortgage Rates Hit Lowest Since October 2024
EFC, NLY, ORC
Published: September 19, 2025 by: Zacks Investment Research
Sentiment: Positive

Mortgage rates hit 6.26%, the lowest since October 2024, creating a favorable backdrop for mREITs like EFC, NLY and ORC.

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image for news 3 mREIT Stocks to Watch as Mortgage Rates Hit Lowest Since October 2024
Why Annaly Capital Management (NLY) Dipped More Than Broader Market Today
NLY
Published: September 16, 2025 by: Zacks Investment Research
Sentiment: Neutral

In the latest trading session, Annaly Capital Management (NLY) closed at $21.84, marking a -1.04% move from the previous day.

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image for news Why Annaly Capital Management (NLY) Dipped More Than Broader Market Today
Here's Why Annaly Capital Management (NLY) is a Strong Value Stock
NLY
Published: September 16, 2025 by: Zacks Investment Research
Sentiment: Positive

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Read More
image for news Here's Why Annaly Capital Management (NLY) is a Strong Value Stock
Annaly Jumps 20.6% in a Year: How to Approach the Stock Now?
NLY
Published: September 01, 2025 by: Zacks Investment Research
Sentiment: Positive

Can NLY outshine with a 20.6% gain, fueled by a diversified mortgage portfolio, easing rates, strong liquidity and a 13.2% dividend yield. Let us find out.

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image for news Annaly Jumps 20.6% in a Year: How to Approach the Stock Now?

About Annaly Capital Management, Inc. (NLY)

  • IPO Date 1997-10-08
  • Website https://www.annaly.com
  • Industry REIT - Mortgage
  • CEO David L. Finkelstein
  • Employees 191

Annaly Capital Management, Inc., a diversified capital manager, engages in mortgage finance and corporate middle market lending. The company invests in agency mortgage-backed securities, mortgage servicing rights, Agency commercial mortgage-backed securities, non-Agency residential mortgage assets, residential mortgage loans, credit risk transfer securities, corporate debts, and other commercial real estate investments. 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 founded in 1996 and is based in New York, New York.