NLY Stock Recent News
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We have been cautioning readers about Annaly Capital's elevated funding costs and earnings volatility in the past 1~2 years. We now have a more optimistic outlook due to the changes in the yield curve. We expect the yield curve to remain positive or even further widen from its levels, thus alleviating many of the headwinds NLY has been facing lately.
Investors love dividend stocks, especially the high-yield variety, because they offer a significant income stream and have massive total return potential.
High Yield REITs Whacked By Higher Rates
In the latest trading session, Annaly Capital Management (NLY) closed at $18.14, marking a -2% move from the previous day.
When the chapter was officially closed on 2024, the bulls reigned supreme yet again. The ageless Dow Jones Industrial Average, widely followed S&P 500, and growth-dependent Nasdaq Composite respectively rose by 13%, 23%, and 29% for the year, with each index reaching numerous all-time closing highs.
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.