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Annaly Capital Management invests in agency mortgage-backed securities and is expected to perform well with potential interest rate cuts by the Federal Reserve. Annaly provides a high dividend yield through a leveraged portfolio that is likely to benefit from lower interest rates that should help improve its margins. NLY shares have the potential to appreciate with the start of a rate cut cycle, supported by the company's leveraged holdings and reduced borrowing costs.
We see good news in NLY's latest earnings report and want to share more about this +13% yield. Agency MBS remains a low-risk asset class with juiced yields from leverage. We examine how much risk it adds. Don't get stuck being negative!
NEW YORK--(BUSINESS WIRE)--Annaly Capital Management, Inc. (NYSE: NLY) (the “Company” or “Annaly”) announced today the publication of its 2023 Corporate Responsibility Report titled Powering American Homeownership. The report describes Annaly's long-standing commitments to industry-leading sustainable business practices, corporate governance and a culture that develops talent and champions diversity. “We are pleased to publish Annaly's fifth Corporate Responsibility Report, which details the cl.
Annaly Capital Management is a mortgage REIT. The company has an ultra-high 13%-plus dividend yield.
Annaly Capital Management (NLY) closed at $19.44 in the latest trading session, marking a +1.14% move from the prior day.
Annaly's earnings available for distribution fell short of its dividend in the first quarter. The REIT's earnings have been steadily declining over the past several quarters.
Annaly Capital is a REIT, a unique type of company meant to pass income on to investors. Annaly is focused on the mortgage niche, which is a unique approach within the REIT sector.
Annaly Capital Management reported a 6.5% increase in book value in Q4, reversing recent declines over the past two years. NLY has set up its portfolio to consist mostly of 30-year fixed MBS with coupons between 4-6%, which should see the benefit of lower rates. With lower rates, NLY should see its book value start to recover over the next few years.
Annaly (NLY) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Annaly has cut its dividend several times over the years. It's at risk of cutting its payout again.