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.

NEW YORK--(BUSINESS WIRE)--Annaly Capital Management, Inc. Reports 2nd Quarter 2023 Results.

Annaly Capital Management, Inc. Reports 2nd Quarter 2023 Results

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We're checking in on the early earnings results or projections for upcoming earnings from 5 double-digit yielding REITs. So far earnings season is going pretty well for the sector. More positive surprises than negative. We're including our projections for Annaly Capital Management.

5 Double-Digit Dividend Previews Or Reviews

High interest rates are likely to increase Annaly's (NLY) Q2 costs of interest-bearing liabilities, while spread widening is expected to have affected book value and unrealized losses on investments.

Factors Setting the Stage for Annaly (NLY) in Q2 Earnings

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Annaly Capital stock yields 15%: Here's why I prefer SPY ETF

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Earn 13% From A Recession, With Enormous Upside: Annaly Capital

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 June 30, 2023 after the market close on Wednesday, July 26, 2023. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, July 27, 2023 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 access.

Annaly Capital Management, Inc. Announces Dates of Second Quarter 2023 Financial Results and Conference Call

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Annaly Capital Management has underperformed the broader market since our bear call. The stock has had a decent bounce from the lows. We show you why the distribution looks unsustainable over the medium term and why risks are far higher today than at the beginning of 2023.

Annaly Capital: Broken Model, Downside Is As Low As 70% Of Tangible Book

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This article compares Annaly Capital Management, Inc.'s recent dividend per share rates, yield percentages, and several dividend sustainability metrics to 19 mREIT peers. This includes an analysis of Annaly's quarterly estimated REIT taxable income, estimated core earnings, and normalized core earnings which directly impact the company's dividend sustainability. This article also discusses Annaly's dividend decrease for the second quarter of 2020 and first quarter of 2023, along with projecting Annaly's dividend sustainability for Q3 – Q4 2023.

Annaly Capital's Sector Comparative Metrics - Part 2 (Includes Q3 - Q4 2023 Dividend Projection)

Annaly (NLY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About Annaly (NLY) Rating Upgrade to Buy

Annaly Capital Management is a mortgage REIT with a terrible dividend history. Investors attracted by its ultra high yield have come up far short of their expectations for a long time.

Before You Buy Annaly Capital: Here's a REIT I'd Buy First

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Better Buy: Annaly Capital or PennyMac Mortgage Trust?

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Annaly Capital currently has a huge 12% dividend yield. The REIT owns a portfolio of mortgages, using leverage to try to enhance returns.

I'm Not Buying Annaly Capital. Here's Why.

Part 1 of this article compares NLY's recent investment composition, leverage, hedging coverage ratio, quarterly BV, economic return (loss), and current valuation to 19 mREIT peers. Due to what has occurred during the second quarter of 2023 (fluctuating rates/yields), understanding the composition of NLY's MBS/investment and derivatives portfolio is crucial in understanding current/future performance. My current NLY BV projection and updated price target is in the “Conclusions Drawn” section. With the anticipated move higher in price, NLY is now deemed appropriately valued.

Annaly Capital's BV, Sector Valuation, And Dividend Sustainability Versus 19 MREIT Peers - Part 1 (Includes Recommendation For All Covered Peers As Of 6/9/2023)

Annaly Capital Management has performed well in the face of rising interest rates and widening spreads, protecting its book value with a shift to intermediate coupons and diversification into mortgage servicing rights and non-agency loans. The Federal Reserve's tightening cycle is nearing its end, which could benefit NLY and other mortgage REITs. NLY is a well-run company and is currently trading at a discount to book value, making it an attractive buy with strong upside potential once the Fed shifts its tactics.

Annaly Capital: Upgrading To Buy

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NEW YORK--(BUSINESS WIRE)--Annaly Capital Management, Inc. (NYSE: NLY) (the “Company” or “Annaly”) announced today the publication of its fourth ESG report for the year 2022, titled 25 Years of Purposeful Housing Finance Leadership, which highlights Annaly's continued focus on developing and executing our ESG strategy. “In 2022, Annaly celebrated its 25th anniversary as a public company, representing twenty-five years of leading with purpose. Since our founding, Annaly has recognized that a com.

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