NLY Stock Recent News

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

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Annaly Capital Management has struggled to deliver returns. NLY's historical performance has been poor, with negative total returns over 5 years and barely beating risk-free rates over 10 years. We go over the major risks for 2025 and tell you why the current era is different from Annaly's golden period of 1999-2010.

Annaly Capital Management (NLY) closed at $18.77 in the latest trading session, marking a -0.37% move from the prior day.

Arguably the greatest aspect of putting your money to work on Wall Street is that there's no one-size-fits-all strategy to generate wealth. With thousands of publicly traded companies and exchange-traded funds (ETFs) to choose from, there are bound to be securities that can help you meet your investment goals.

Mortgage REITs like Annaly have faced significant losses due to rising long-term interest rates, but high dividends have cushioned the impact. Annaly's book value has been volatile due to duration risk and refinancing risk, but recent mortgage spread compression offers potential for appreciation. Since NLY hedges long-term Treasury rates but not Mortgage rates, the recent spike in Treasury rates may raise its book value without increasing prepayment risks.

When investing in a stock, you need to set your expectations appropriately. Regulated Investment Companies constitute a large portion of our portfolio. These investments tend to provide most of their returns as dividends.

Preferred shares rallied, as predicted. Finding value is getting much harder. There are some common shares trading at discounts. Some big, some tiny. I would be interested in a few of the agency mortgage REITs, but the ones I would prefer remain unavailable. The valuation between those good ones and some of the weaker ones (as measured by things like destruction of shareholder wealth and me not liking them) is still small sometimes.

In the closing of the recent trading day, Annaly Capital Management (NLY) stood at $19.76, denoting no change from the preceding trading day.

Annaly's Q3 earnings missed consensus estimates and serve as a reflection of pressure from the unfavorable yield curve. On the positive side, Annaly maintained its $0.65/share quarterly dividend, signaling management's confidence and resulting in a forward yield of 13%+. A 13% yield is certainly attractive in absolute terms.