NLY Stock Recent News

Unlocking Massive 13% Yields By Busting Market Myths: Annaly Capital

NEW YORK--(BUSINESS WIRE)--Annaly Capital Management, Inc. Announces Dates of Third Quarter 2024 Financial Results and Conference Call.

NLY stock faces mixed prospects, as reflected in its recent earnings report. Positives include higher net interest income, higher servicing income, and attractive P/E when benchmarked against the Graham P/E. However, I anticipate the inverted yield curve to persist and keep pressuring its profit.

A price history so steady, it's practically mocking the rest of the market. The "call risk" here? A 1-2% dip. Enough to concern me because I hate losing money. Prices are unlikely to go much lower without a recession. 30 days' notice required before any call, easy math, and zero headaches. If you can count to 30, you're basically a dividend pro already.

Detroit-based Rocket Mortgage will manage a portion of Annaly's serviced clients DETROIT , Oct. 1, 2024 /PRNewswire/ -- Rocket Mortgage, the nation's largest mortgage lender and a part of Rocket Companies (NYSE: RKT), and Annaly Capital Management, Inc. (NYSE: NLY) ("Annaly"), the world's largest residential mortgage real estate investment trust, today announced the companies have entered into a subservicing agreement. Under the relationship, Rocket will handle all servicing and recapture activities for a portion of the mortgage servicing rights ("MSR") held by Annaly.

Annaly Capital has a gigantic dividend yield of about 12.6%. The company's dividend has not been reliable over time.

Income stocks have more than doubled the average annual return of non-payers over the last half-century. Wall Street's "most-hated" industry has faced a multitude of challenges over the last few years, including the Fed's most aggressive rate-hiking cycle in four decades.

The latest trading day saw Annaly Capital Management (NLY) settling at $20.30, representing a +0.4% change from its previous close.

The Fed is getting ready to cut rates. Historically, a Fed cutting cycle has frequently aligned with a recession. Three picks that thrived during the 2001 recession, and are similarly positioned today.

Annaly Capital Management, Inc. investors have not made money in the past three years and have experienced a dividend cut. The “rate cut ergo buy” is likely to be a poor argument. We go over the three things that actually need to go right for Annaly to print cash.