In the most recent trading session, Annaly Capital Management (NLY) closed at $22.41, indicating a -2.44% shift from the previous trading day.
NLY pairs a 12.2% dividend yield with a $104.7B portfolio heavy in Agency MBS and $9.4B in liquidity, supporting payouts despite rate risks.
With an uncertain outlook of future rate cuts, mREIT investors should look past yield and look for companies with lower leverage, lower rate sensitivity, and better capital reservation. Starwood Property Trust offers a better-rounded package than Annaly Capital on these fronts. NLY currently offers a 12%+ dividend yield, but its long-term tangible book value per share has declined over 56% in the past decade and over 7x leverage.
Annaly (NLY) reported earnings 30 days ago. What's next for the stock?
Annaly Capital's Easy Money Is Gone - But The 12% Yield Isn't
Annaly Capital Management's NLY performance and prospects remain closely tied to movements in mortgage rates and Federal Reserve policy.
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Annaly (NLY) is rapidly expanding its mortgage-backed securities portfolio, delivering strong Q4 results with robust net interest income and book value growth. NLY's net interest spread rose to 0.93%, the highest in a year, supported by 26% Y/Y net interest income growth and lower funding costs. The REIT's dividend remains well-covered with a 1.06X coverage ratio, positioning NLY as a compelling yield play for 2026, amid expectations of falling rates.
8% High Dividend Yield From Annaly Capital Preferred Share
NLY's Q4 results benefit from higher yields and asset growth, with book value increasing to $20.21 year over year.
Annaly Capital Management, Inc. (NLY) Q4 2025 Earnings Call Transcript
Annaly Capital Management (NLY) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.72 per share a year ago.