Annaly Capital: Solid Q4 Should Just Be The Start Of Turnaround [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
NLY has set up its portfolio to consist mostly of 30-year fixed MBS with coupons between 4-6%, which should see the benefit of lower rates. With lower rates, NLY should see its book value start to recover over the next few years. Back in April , I wrote that Annaly Capital Management ( NYSE: NLY ) looked well positioned for when the MBS market turned and I upgraded the stock to "Buy" in June . The stock has generated about a 4% return since then, trailing the gains of the S&P. With the company reporting results last month and the Fed set to meet later this month, let's catch up on the name. Company Profile As a refresher, NLY is a mortgage REIT that invests in agency mortgage-backed securities ("MBS"), residential credit, mortgage servicing rights ("MSR"), commercial real estate, and corporate debt. Agency MBS is backed by government or government-sponsored agencies such as Fannie Mae, Freddie Mac, and Ginnie Mae, and thus carries virtually no credit risk. At the end of 202
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NLY
News
- Seeking up to 13% Dividend Yield? Analysts Suggest 2 Dividend Stocks to Buy [Yahoo! Finance]Yahoo! Finance
- Forget Annaly Capital Management: Here Are 2 Better Dividend Stocks to Buy Right Now [Yahoo! Finance]Yahoo! Finance
- 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
NLY
Earnings
- 4/24/24 - In-Line
NLY
Sec Filings
- 5/2/24 - Form DEFA14A
- 5/2/24 - Form 10-Q
- 4/24/24 - Form 8-K
- NLY's page on the SEC website