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.
NLY is set to report Q4 earnings. It expects NII to jump y/y, EPS to be flat, and rate cuts to shape MBS spreads and book value.
Dynex and Annaly Capital are both rated 'Buy' and positioned to benefit from Fed rate cuts in the mREIT sector. However, in this article, you will discover why I prefer buying DX. This analysis aims to outline the similarities and differences between these firms, specifically highlighting their portfolio structures, dividend policies, and pricing.
Annaly Capital (NLY) is outperforming, having delivered a 23% price gain and a 36% total return over the past year. NLY's performance notably exceeds the S&P 500's 19.5% return, challenging its prior reputation as a value trap. The company's dividend is reasonably well covered by earnings, indicating that it will continue to be paid out.