Annaly Capital Management, Inc.
NLY
NYSE·Real Estate·REIT - Mortgage·Mkt cap $17.2B
$22.81
▼ -0.09%
P/E
5.70
Mkt Cap
$17.2B
52-Wk Range
$20.00–$24.52
52-Week Range
$20.00 - $24.52
P/E
Fwd P/E
Beta
Div Yield
Avg Vol
Shares Out
Mkt Cap
Price action
Price chart
Up 3.3% over the trailing year
Total returns
Price performance
Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.
Why we rate it this way
The thesis at a glance
Bull and bear case · plain-English context across the five lenses we evaluate.
Bull Case
5 reasons
- REIT tax structure enabling tax-efficient dividend distributions to shareholders
- Diversified mortgage and lending portfolio reducing concentration risk
- Deep expertise in mortgage markets and credit analysis since 1996
- Scale and capital resources enabling competitive pricing and deal access
- Established relationships with mortgage originators and servicers
Bear Case
1 risk
- Average volatility.
Growth
Revenue decline expected
Net interest margin expansion from strategic asset allocation
Value
Valued in line with Mortgage REITs peers (1.0x).
Momentum
Strong
+7.5% over 3m
Quality
Excellent
High-growth business (613% revenue growth, 99% gross margin). Profitable with strong growth momentum.
Dividend
High yield
12.50% yield
Smart-money signal
Who's buying NLY right now
Insider Form 4s, 13F institutional filings, and Congressional disclosures - at a glance.
Earnings track record
Latest print - beat on both lines
AI-summarized recap of last quarter, plus the surprise on every print.
Next: Oct 28, 2026
JUL 21, 2026
Reported EPS of $0.79 vs $0.75 consensus (+5.2% surprise). Revenue of $892.9M vs $639.8M expected (+39.5%). Beat on both top and bottom lines.
EPS surprise · last 4Q
1 of 1 beats
Estimate
Actual
Q3 26
+5.2%
Revenue trend · last 8Q
—
+254%
-49%
—
+1125%
+232%
+567%
-191%
Q3 24
Q4 24
Q1 25
Q2 25
Q3 25
Q4 25
Q1 26
Q2 26
$133.1M
$539.1M
$244.5M
$1.8B
$1.6B
$1.8B
$1.6B
-$1.6B
Margins · last 8Q
Gross
98.9%
Operating
95.8%
Profit
—
Wall Street consensus
4 analysts · 75% Buy
Live ratings and price targets aggregated across covering analysts.
Buy
75%
Hold
25%
Sell
0%
Median Price Target
—
Latest: Piper Sandler · Jul 2, 2026
vs Industry
How NLY stacks vs REIT - Mortgage
Stock metrics vs industry averages. Green = better than industry.
Industry comparison data unavailable for this stock.
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