Ready To Rise: Annaly Capital [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
Company Research
Source: Seeking Alpha
SummaryThe discount to estimated book value on Annaly Capital Management remains quite large.Shares trade around a 25% discount to book value. We picked up shares of NLY to take advantage of the opportunity.We closed out our position in CMO to fund the trade, capturing 59% in less than 3 months. We don't expect to repeat that performance.There are risks to the current dividend level, but the discount to book should be more important. Investors who bought when spreads were wide and sold when they were thin got wrecked. Not a typo.Beyond being bullish on NLY, we're also bullish on NRZ and NYMT.We haven't had very many opportunities to get bullish on the common shares for Annaly Capital Management (Since Annaly Capital Management is a mortgage REIT, we build our analysis around book value and the price-to-book ratio. This has been a very successful technique over many years.Shares often carried a price-to-book ratio greater than we wanted to see for buying opportunities. However, there h
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NLY
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