NLY Stock Recent News

Annaly Capital has a fat 13% dividend yield. It is a real estate investment trust that invests in mortgage securities.

Ready Capital and New York Mortgage Trust both reduced their dividends, surprising investors. Fixed-to-floating preferred shares are experiencing large rallies as investors anticipate dividend increases. Treasury yields have fallen, leading to higher values for REITs, other stocks, and just about everything.

Annaly Capital Management, Inc.  ( NYSE:NLY) is trying to brush off a bear note from Piper Sandler today, after the firm lowered its price target to $18 from $21.

This article compares NLY's recent dividend per share rates, yield percentages, and several dividend sustainability metrics to 19 mREIT peers. This includes an analysis of NLY's quarterly estimated REIT taxable income, estimated core earnings, and normalized core earnings, which directly impact the company's dividend sustainability. This article also discusses NLY's dividend decrease for the first quarter of 2023, along with projecting NLY's dividend sustainability for Q4 2023 – Q1 2024.

Agency MBS is an attractive asset class for income investors due to its cheap valuation, high quality, and diversification benefits. The option-adjusted spread for Agency MBS is elevated compared to corporate credit spreads, making it an appealing investment. There are various ways to invest in Agency MBS, including through mortgage REITs, leveraged CEFs, unleveraged ETFs, and mREIT preferreds.

When examined over multiple decades, dividend stocks have vastly outperformed publicly traded companies that don't offer a payout. Billionaires are aggressively buying shares of a downtrodden, brand-name, ultra-high-yield company that's historically cheap.

Annaly's most watched metric has been falling like a lead balloon. This quarter, EAD missed by 2 cents but more importantly fell by 9 cents from the previous quarter and 50 cents from four quarters back. This is playing out as we expect, and you should expect another distribution cut in 2024.

Recently, Zacks.com users have been paying close attention to Annaly (NLY). This makes it worthwhile to examine what the stock has in store.

NEW YORK--(BUSINESS WIRE)--Annaly Capital Management, Inc. (NYSE:NLY) (“Annaly” or the “Company”) announced today that it will release its financial results for the quarter ended June 30, 2023 after the market close on Wednesday, July 26, 2023. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, July 27, 2023 at 9:00 a.m. Eastern Time. Participants are encouraged to pre-register for the conference call to receive a unique PIN to gain immediate access.

The market is a lot like high school - there are cliques everywhere. Sometimes, going against the grain provides you large sums of income. It's better to approach the market with an understanding mindset rather than one looking for a quick and easy answer.