In the latest trading session, Annaly Capital Management (NLY) closed at $18.99, marking a +0.32% move from the previous day.
Annaly Capital is a mortgage REIT that has experienced some issues resulting in dividend cuts in recent years. More recently, the REIT raised its dividend, resulting in a 15% yield. NLY's mortgage backed securities are largely fixed rate so they benefit from falling rates--which I see materializing in the near term.
Annaly (NLY) reported earnings 30 days ago. What's next for the stock?
Annaly Capital Management (NLY) concluded the recent trading session at $19.18, signifying a +0.52% move from its prior day's close.
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Annaly Capital Management (NLY) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, NLY broke through the 200-day moving average, which suggests a long-term bullish trend.
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After reaching an important support level, Annaly Capital Management (NLY) could be a good stock pick from a technical perspective. NLY surpassed resistance at the 50-day moving average, suggesting a short-term bullish trend.
NLY's lucrative dividend yield and portfolio-diversification efforts look impressive. Read on to know whether to buy the stock now.
Annaly Capital Management offers an attractive 14.42% dividend yield, but its returns are highly dependent on interest rate developments and market stability. The company uses leverage and swaps to enhance yields, but its portfolio is sensitive to interest rate changes, with potential losses on large rate moves. Management has adopted a conservative investment approach, enhancing liquidity and reducing leverage, anticipating regulatory changes that could benefit mREITs.
NLY's first-quarter 2025 results benefit from a rise in average yield. Yet, a decline in book value per share acts as a spoilsport.
Annaly Capital Management (NLY) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.71 per share. This compares to earnings of $0.64 per share a year ago.