NLY Stock Recent News

Annaly Capital Management, AG Mortgage Investment Trust and Dynex Capital have been highlighted in this Industry Outlook article.

My Income Never Stops, 12% Yield: Annaly Capital

PFIS, BSX, ENVA, NFG and NLY have been added to the Zacks Rank #1 (Strong Buy) List on February 10, 2025.

Real Estate Investment Trust (REIT) stocks are having a rough year as interest rates remains at an elevated level. Government bond yields have risen to near 5% and the Fed has hinted that it will deliver just two rate cuts this year.

Annaly's improved investment spreads and earnings beat in Q4, coupled with potential Fed rate cuts in 2025, make it a promising investment. Annaly's Q4 net interest income surged to $187.3M, with a positive net interest spread of 0.40%, the highest in the past year. Annaly's valuation at a price-to-book ratio of 1.06X suggests revaluation potential, contingent on the Federal Reserve lowering rates going forward.

Annaly Capital Management could benefit from lower interest rates in 2025, but a higher-for-longer rate environment poses a potential headwind due to re-accelerating inflation. The trust's net interest margin improved significantly in 4Q24, driven by higher asset yields and slower interest expense growth, enhancing dividend pay-out metrics. Annaly's stock is trading around book value, with potential for book value growth in a falling-rate environment, benefiting its mortgage-backed securities portfolio.

Annaly Capital Management, Inc. (NYSE:NLY ) Q4 2024 Earnings Conference Call January 30, 2025 9:00 AM ET Company Participants Sean Kensil - Director and Investor Relations David Finkelstein - Chief Executive Officer and Co-Chief Investment Officer Serena Wolfe - Chief Financial Officer Michael Fania - Co-Chief Investment Officer and Head of Residential Credit V.S. Srinivasan - Head of Agency Ken Adler - Head of Mortgage Servicing Rights and Head of Portfolio Conference Call Participants Bose George - KBW Richard Shane - JPMorgan Jason Stewart - Janney Montgomery Scott Doug Harter - UBS Matthew Erdner - JonesTrading Eric Hagen - BTIG Harsh Hemnani - Green Street Trevor Cranston - Citizens JMP Operator Good morning everyone, and welcome to the Q4 2024 Annaly Capital Management Earnings Conference Call.

NLY's diversified investment approach and solid liquidity look encouraging. Read on to know whether to buy the stock now or wait for a better entry point.

NLY's Q4 earnings reflect a year-over-year decline in its BVPS. Yet, a rise in NII and average yield on interest-earning assets offers some support.

Annaly Capital Management (NLY) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.68 per share a year ago.