Annaly Capital Management Is Not Worth It After The Cut [Seeking Alpha]
Annaly Capital Management Inc. (NLY)
Last annaly capital management inc. earnings: 4/29 04:15 pm
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US:NYSE Investor Relations:
annaly.com/investors
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Source: Seeking Alpha
Annaly Capital Management Is Not Worth It After The Cut Summary My previous rating failed to analyze the pressure of the flattening yield curve outweighing hedging efforts made by NLY. NLY doesn't have good value metrics even after the dividend cut. The future is not bright for NLY because the cost of debt is rising compared to the yield on fixed rate MBS. Annaly Capital Management ( $0.30 a quarter to $0.25 a quarter, NRZ That article was a failure. Hold My Previous Rating: I had a buy rating on NLY due to the relative safety of its assets. Agency MBS has supreme credit safety. I felt NLY's portfolio provided a balance between the risk of rising rates and the scarier risk of default. It's quite possible that NLY over the portion of the next five years could be a great investment, but it definitely wasn't in the short term. NLY finally had its reckoning. After holding onto its $1.20 annual dividend since 2013, it'll finally be cut to $1.00 starting next quarter. My new rating is going
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News
- The Numbers Don't Lie: This 14%-Yielding Dividend Is at Risk for Another Reduction [Yahoo! Finance]Yahoo! Finance
- Annaly Capital Management (NLY) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Annaly Capital Management, Inc. (NYSE: NLY) had its "buy" rating re-affirmed by analysts at Jonestrading. They now have a $21.00 price target on the stock.MarketBeat
- Annaly (NLY) Meets Q1 Earnings Estimates, Logs Negative NII [Yahoo! Finance]Yahoo! Finance
- Annaly Capital Management, Inc. Reports 1st Quarter 2024 ResultsBusiness Wire
NLY
Earnings
- 4/24/24 - In-Line
NLY
Sec Filings
- 4/24/24 - Form 8-K
- 4/24/24 - Form 8-K
- 4/24/24 - Form 8-K
- NLY's page on the SEC website