NLY Stock Recent News

Annaly Capital Management (NLY) came out with quarterly earnings of $0.73 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.68 per share a year ago.

The most eye-catching feature of Annaly Capital Management's (NLY 2.20%) stock is its 14%+ dividend yield. There are some strong reasons to consider buying the mortgage real estate investment trust (REIT).

Annaly (NLY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Similar preferred shares trade at materially different prices. One of these preferred shares is surprisingly expensive. One of the best BDCs is nearing an incredibly rare threshold.

Annaly Capital Management NLY is leaning into its core strength of agency mortgage-backed securities (MBS), with an aim to balance stability with steady returns. The company's disciplined investment approach combines the security of Agency MBS, backed by government-sponsored enterprises, with selective exposure to higher-yielding, credit-sensitive assets.

Many investors go for big yield with bigger risk. Barf. This report was recently sent to our members. We picked up shares with a 9.5% yield.

Annaly Capital Management stands to benefit from moderating inflation and anticipated interest rate cuts, supporting higher net interest income and margins. The company recently raised its dividend by 8%, now yielding 14.5%, and maintains a payout ratio below 100%, reflecting strong distributable profit coverage. Shares trade at only a 2% premium to book value, offering attractive value compared to peers and potential for multiple expansion in a lower-rate environment.

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