Symbols / NLY
NLY Chart
About
Annaly Capital Management, Inc., a diversified capital manager, engages in the residential mortgage finance business. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage-backed securities; residential mortgage loans; and agency or private label credit risk transfer securities. It has elected to be taxed as a real estate investment trust (REIT). As a REIT, it is not subject to federal income tax to the extent that it distributes its taxable income to its shareholders. Annaly Capital Management, Inc. was incorporated in 1996 and is based in New York, New York.
Fundamentals
Scroll to Statements| Sector | Real Estate | Industry | REIT - Mortgage | Market Cap | 16.54B |
| Enterprise Value | 134.18B | Income | 1.87B | Sales | 2.38B |
| Book/sh | 20.21 | Cash/sh | 0.70 | Dividend Yield | 12.16% |
| Payout | 95.89% | Employees | 212 | IPO | — |
| P/E | 7.88 | Forward P/E | 7.77 | PEG | — |
| P/S | 6.94 | P/B | 1.14 | P/C | — |
| EV/EBITDA | — | EV/Sales | 56.34 | Quick Ratio | 0.44 |
| Current Ratio | 0.46 | Debt/Eq | 719.53 | LT Debt/Eq | — |
| EPS (ttm) | 2.92 | EPS next Y | 2.96 | EPS Growth | 81.10% |
| Revenue Growth | 113.90% | Earnings | 2026-04-29 | ROA | 1.72% |
| ROE | 14.22% | ROIC | — | Gross Margin | 97.47% |
| Oper. Margin | 93.71% | Profit Margin | 85.12% | Shs Outstand | 718.39M |
| Shs Float | 717.01M | Short Float | 1.88% | Short Ratio | 1.45 |
| Short Interest | — | 52W High | 24.52 | 52W Low | 16.60 |
| Beta | 1.30 | Avg Volume | 8.19M | Volume | 5.83M |
| Target Price | $24.45 | Recom | Buy | Prev Close | $22.82 |
| Price | $23.02 | Change | 0.88% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$24.45
Mean price target
2. Current target
$23.02
Latest analyst target
3. DCF / Fair value
$43.80
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$23.02
Low
$22.50
High
$25.00
Mean
$24.45
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2026-02-05 | main | RBC Capital | Outperform → Outperform | $25 |
| 2026-01-30 | main | Keefe, Bruyette & Woods | Outperform → Outperform | $25 |
| 2026-01-30 | main | Wells Fargo | Overweight → Overweight | $25 |
| 2026-01-30 | main | Barclays | Equal-Weight → Equal-Weight | $24 |
| 2026-01-29 | main | Jones Trading | Buy → Buy | $25 |
| 2026-01-15 | main | Piper Sandler | Overweight → Overweight | $25 |
| 2026-01-06 | main | Barclays | Equal-Weight → Equal-Weight | $23 |
| 2026-01-06 | up | BTIG | Neutral → Buy | $25 |
| 2025-12-22 | main | Piper Sandler | Overweight → Overweight | $24 |
| 2025-10-23 | main | Jones Trading | Buy → Buy | $22 |
| 2025-10-20 | main | JP Morgan | Overweight → Overweight | $22 |
| 2025-10-08 | main | Piper Sandler | Overweight → Overweight | $23 |
| 2025-10-06 | main | Barclays | Equal-Weight → Equal-Weight | $20 |
| 2025-09-15 | main | RBC Capital | Outperform → Outperform | $23 |
| 2025-09-03 | main | UBS | Neutral → Neutral | $21 |
| 2025-07-25 | main | Keefe, Bruyette & Woods | Outperform → Outperform | $22 |
| 2025-07-24 | main | Jones Trading | Buy → Buy | $21 |
| 2025-07-10 | main | UBS | Neutral → Neutral | $20 |
| 2025-05-27 | main | RBC Capital | Outperform → Outperform | $21 |
| 2025-05-02 | main | Keefe, Bruyette & Woods | Outperform → Outperform | $21 |
News
RSS: Latest NLY news- Aberdeen Group plc Sells 288,147 Shares of Annaly Capital Management Inc $NLY - MarketBeat Sun, 22 Feb 2026 08
- Annaly Capital Stock’s Easy Money Is Gone - But The 12% Yield Isn’t (NYSE:NLY) - Seeking Alpha Fri, 20 Feb 2026 02
- 5 Revealing Analyst Questions From Annaly Capital Management’s Q4 Earnings Call - Yahoo Finance ue, 03 Feb 2026 08
- Responsive Playbooks and the NLY Inflection - Stock Traders Daily Mon, 23 Feb 2026 00
- Is Annaly (NLY) Signaling a New Capital Playbook with Floating Preferreds and Idle Buybacks? - simplywall.st hu, 19 Feb 2026 05
- 3 Reasons to Buy Annaly Capital Stock Like There's No Tomorrow - The Motley Fool Sat, 27 Dec 2025 08
- Annaly preferred dividends top 8% across four share classes - Stock Titan Wed, 11 Feb 2026 08
- Annaly Capital Management Inc $NLY Shares Acquired by Vanguard Group Inc. - MarketBeat Sat, 21 Feb 2026 13
- 3 Reasons NLY is Risky and 1 Stock to Buy Instead - Yahoo Finance hu, 11 Dec 2025 08
- A Look At Annaly Capital Management (NLY) Valuation After Its Q4 2025 Earnings Beat And Dividend Confidence - simplywall.st Wed, 04 Feb 2026 08
- Payden & Rygel Takes Position in Annaly Capital Management Inc $NLY - MarketBeat Mon, 23 Feb 2026 11
- Here's Why Annaly Capital Management (NLY) is a Strong Value Stock - Yahoo Finance Mon, 16 Feb 2026 14
- Tredje AP fonden Purchases 52,491 Shares of Annaly Capital Management Inc $NLY - MarketBeat Mon, 23 Feb 2026 12
- How to Approach Annaly Stock With Easing Mortgage Rates in 2026 - Yahoo Finance Mon, 16 Feb 2026 08
- Annaly Capital Management (NYSE:NLY) CFO Sells $382,643.04 in Stock - MarketBeat Fri, 20 Feb 2026 00
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 50000 | 1156500.0 | — | Sale at price 23.13 per share. | FINKELSTEIN DAVID L | Chief Executive Officer | — | 2026-02-18 00:00:00 | D |
| 1 | 16536 | 382643.0 | — | Sale at price 23.14 per share. | WOLFE SERENA | Chief Financial Officer | — | 2026-02-18 00:00:00 | D |
| 2 | 28225 | 652562.0 | — | Sale at price 23.12 per share. | CAMPBELL STEVEN FRANCIS | President | — | 2026-02-18 00:00:00 | D |
| 3 | 152976 | 3519978.0 | — | Stock Award(Grant) at price 23.01 per share. | FINKELSTEIN DAVID L | Chief Executive Officer | — | 2026-01-30 00:00:00 | D |
| 4 | 45632 | 1049992.0 | — | Stock Award(Grant) at price 23.01 per share. | WOLFE SERENA | Chief Financial Officer | — | 2026-01-30 00:00:00 | D |
| 5 | 52151 | 1199995.0 | — | Stock Award(Grant) at price 23.01 per share. | CAMPBELL STEVEN FRANCIS | President | — | 2026-01-30 00:00:00 | D |
| 6 | 50000 | 1058000.0 | — | Sale at price 21.16 per share. | FINKELSTEIN DAVID L | Chief Executive Officer | — | 2025-11-03 00:00:00 | D |
| 7 | 22499 | 475854.0 | — | Sale at price 21.15 per share. | GREEN ANTHONY C. | Officer | — | 2025-11-03 00:00:00 | D |
| 8 | 22500 | 463275.0 | — | Sale at price 20.59 per share. | GREEN ANTHONY C. | Officer | — | 2025-08-06 00:00:00 | D |
| 9 | 50000 | 1039500.0 | — | Sale at price 20.79 per share. | FINKELSTEIN DAVID L | Chief Executive Officer | — | 2025-08-04 00:00:00 | D |
Financials
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | 0.00 | 0.00 | 0.00 | -1.05M |
| TaxRateForCalcs | 0.21 | 0.01 | 0.21 | 0.03 |
| TotalUnusualItems | 0.00 | 0.00 | -40.26M | -278.56M |
| TotalUnusualItemsExcludingGoodwill | 0.00 | 0.00 | -40.26M | -278.56M |
| NetIncomeFromContinuingOperationNetMinorityInterest | 2.03B | 1.00B | -1.64B | 1.73B |
| ReconciledDepreciation | 34.04M | 30.36M | 24.81M | 20.51M |
| NetInterestIncome | 1.14B | 247.80M | -111.38M | 1.47B |
| InterestExpense | 4.82B | 4.59B | 3.84B | 1.31B |
| InterestIncome | 5.96B | 4.84B | 3.73B | 2.78B |
| NormalizedIncome | 2.03B | 1.00B | -1.64B | 1.76B |
| NetIncomeFromContinuingAndDiscontinuedOperation | 2.03B | 1.00B | -1.64B | 1.73B |
| DilutedAverageShares | 641.04M | 522.75M | 494.54M | 411.62M |
| BasicAverageShares | 639.51M | 521.74M | 494.54M | 411.35M |
| DilutedEPS | 2.92 | 1.62 | -3.61 | 3.92 |
| BasicEPS | 2.92 | 1.62 | -3.61 | 3.93 |
| DilutedNIAvailtoComStockholders | 1.87B | 847.36M | -1.78B | 1.61B |
| NetIncomeCommonStockholders | 1.87B | 847.36M | -1.78B | 1.61B |
| PreferredStockDividends | 157.93M | 154.55M | 141.68M | 110.62M |
| NetIncome | 2.03B | 1.00B | -1.64B | 1.73B |
| MinorityInterests | -24.43M | -9.86M | -4.71M | -1.09M |
| NetIncomeIncludingNoncontrollingInterests | 2.05B | 1.01B | -1.64B | 1.73B |
| NetIncomeContinuousOperations | 2.05B | 1.01B | -1.64B | 1.73B |
| TaxProvision | -6.87M | 15.26M | 39.43M | 45.57M |
| PretaxIncome | 2.04B | 1.03B | -1.60B | 1.77B |
| OtherNonOperatingIncomeExpenses | 57.98M | |||
| SpecialIncomeCharges | 0.00 | 0.00 | -40.26M | -278.56M |
| GainOnSaleOfBusiness | 0.00 | 0.00 | -40.26M | -278.56M |
| GainOnSaleOfSecurity | 538.51M | 419.72M | -1.73B | 256.72M |
| SellingGeneralAndAdministration | 199.63M | 171.36M | 162.55M | 162.73M |
| GeneralAndAdministrativeExpense | 199.63M | 171.36M | 162.55M | 162.73M |
| OtherGandA | 48.08M | 40.95M | 42.96M | 50.03M |
| SalariesAndWages | 151.55M | 130.40M | 119.59M | 112.70M |
| TotalRevenue | 2.24B | 1.20B | -1.44B | 1.95B |
| OperatingRevenue | 2.24B | 1.20B | -1.44B | 1.95B |
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| PreferredSharesNumber | 74.50M | 63.50M | 63.50M | 62.80M |
| OrdinarySharesNumber | 706.97M | 578.36M | 500.08M | 468.31M |
| ShareIssued | 706.97M | 578.36M | 500.08M | 468.31M |
| NetDebt | 31.57B | 21.16B | 12.93B | 8.64B |
| TotalDebt | 31.93B | 21.45B | 13.20B | 8.80B |
| TangibleBookValue | 14.15B | 10.61B | 9.37B | 8.65B |
| InvestedCapital | 46.21B | 32.52B | 22.92B | 18.53B |
| NetTangibleAssets | 15.95B | 12.15B | 10.90B | 10.19B |
| CommonStockEquity | 14.29B | 11.07B | 9.72B | 9.73B |
| PreferredStockEquity | 1.80B | 1.54B | 1.54B | 1.54B |
| TotalCapitalization | 46.94B | 33.30B | 23.96B | 19.82B |
| TotalEquityGrossMinorityInterest | 16.16B | 12.70B | 11.35B | 11.37B |
| MinorityInterest | 69.14M | 87.71M | 89.30M | 98.98M |
| StockholdersEquity | 16.09B | 12.61B | 11.26B | 11.27B |
| GainsLossesNotAffectingRetainedEarnings | -488.57M | -1.02B | -1.34B | -3.71B |
| OtherEquityAdjustments | -488.57M | -1.02B | -1.34B | -3.71B |
| RetainedEarnings | -13.16B | -13.17B | -12.62B | -9.54B |
| AdditionalPaidInCapital | 27.93B | 25.26B | 23.67B | 22.98B |
| CapitalStock | 1.81B | 1.54B | 1.54B | 1.54B |
| CommonStock | 7.07M | 5.78M | 5.00M | 4.68M |
| PreferredStock | 1.80B | 1.54B | 1.54B | 1.54B |
| TotalLiabilitiesNetMinorityInterest | 119.45B | 90.86B | 81.88B | 70.48B |
| DerivativeProductLiabilities | 53.76M | 59.59M | 302.30M | 204.17M |
| LongTermDebtAndCapitalLeaseObligation | 30.85B | 20.70B | 12.70B | 8.55B |
| LongTermDebt | 30.85B | 20.70B | 12.70B | 8.55B |
| CurrentDebtAndCapitalLeaseObligation | 1.07B | 750.00M | 500.00M | 250.00M |
| CurrentDebt | 1.07B | 750.00M | 500.00M | 250.00M |
| LineOfCredit | 1.07B | 750.00M | 500.00M | 250.00M |
| PayablesAndAccruedExpenses | 2.93B | 952.53M | 3.86B | 1.90B |
| Payables | 2.93B | 952.53M | 3.86B | 1.90B |
| OtherPayable | 2.06B | 308.28M | 3.25B | 1.16B |
| DividendsPayable | 494.88M | 375.93M | 325.05M | 412.11M |
| AccountsPayable | 380.69M | 268.32M | 287.94M | 325.28M |
| TotalAssets | 135.61B | 103.56B | 93.23B | 81.85B |
| InvestmentsAndAdvances | 8.48B | 2.06B | 4.21B | 5.13B |
| AvailableForSaleSecurities | 4.21B | 5.13B | 7.57B | |
| GoodwillAndOtherIntangibleAssets | 139.80M | 458.30M | 353.02M | 1.08B |
| OtherIntangibleAssets | 139.80M | 458.30M | 353.02M | 1.08B |
| Receivables | 927.69M | 3.27B | 3.93B | 1.21B |
| OtherReceivables | 1.03M | 2.20B | 2.71B | 575.09M |
| AccountsReceivable | 926.66M | 1.07B | 1.22B | 637.30M |
| OtherShortTermInvestments | 8.48B | 2.06B | 4.21B | |
| CashAndCashEquivalents | 354.78M | 285.15M | 275.85M | 152.55M |
| CashCashEquivalentsAndFederalFundsSold | 389.17M | 285.15M | 275.85M | 152.55M |
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| FreeCashFlow | -222.16M | 2.45B | 1.97B | 4.36B |
| RepurchaseOfCapitalStock | 0.00 | 0.00 | ||
| RepaymentOfDebt | -12.63B | -6.50B | -2.67B | -3.27B |
| IssuanceOfDebt | 22.39B | 14.47B | 6.49B | 7.38B |
| IssuanceOfCapitalStock | 2.91B | 1.56B | 673.69M | 2.64B |
| CapitalExpenditure | -915.07M | -863.12M | -396.81M | -1.01B |
| InterestPaidSupplementalData | 3.45B | 3.83B | 3.55B | 866.83M |
| IncomeTaxPaidSupplementalData | 1.69M | 492.00K | 3.80M | |
| EndCashPosition | 2.04B | 1.49B | 1.41B | 1.58B |
| BeginningCashPosition | 1.49B | 1.41B | 1.58B | 1.34B |
| ChangesInCash | 549.81M | 75.88M | -164.57M | 234.62M |
| FinancingCashFlow | 27.22B | 11.75B | 5.88B | 9.39B |
| CashFlowFromContinuingFinancingActivities | 27.22B | 11.75B | 5.88B | 9.39B |
| NetOtherFinancingCharges | -56.89M | -15.71M | -18.41M | 72.39M |
| ProceedsFromStockOptionExercised | -14.18M | -6.16M | -6.66M | -4.11M |
| CashDividendsPaid | -1.88B | -1.49B | -1.52B | -1.52B |
| NetPreferredStockIssuance | 0.00 | 0.00 | ||
| PreferredStockPayments | 0.00 | 0.00 | ||
| NetCommonStockIssuance | 2.91B | 1.56B | 673.69M | 2.64B |
| CommonStockPayments | 0.00 | 0.00 | ||
| CommonStockIssuance | 2.91B | 1.56B | 673.69M | 2.64B |
| NetIssuancePaymentsOfDebt | 9.76B | 7.97B | 3.81B | 4.11B |
| NetLongTermDebtIssuance | 9.76B | 7.97B | 3.81B | 4.11B |
| LongTermDebtPayments | -12.63B | -6.50B | -2.67B | -3.27B |
| LongTermDebtIssuance | 22.39B | 14.47B | 6.49B | 7.38B |
| InvestingCashFlow | -27.36B | -14.98B | -8.42B | -14.53B |
| CashFlowFromContinuingInvestingActivities | -27.36B | -14.98B | -8.42B | -14.53B |
| NetOtherInvestingChanges | 51.58M | |||
| DividendsReceivedCFI | 6.67M | 25.40M | 0.00 | 0.00 |
| NetInvestmentPurchaseAndSale | -15.23B | -4.27B | -3.62B | -10.88B |
| SaleOfInvestment | 25.51B | 27.94B | 37.41B | 34.60B |
| PurchaseOfInvestment | -40.75B | -32.21B | -41.04B | -45.47B |
| NetInvestmentPropertiesPurchaseAndSale | 0.00 | 51.58M | ||
| SaleOfInvestmentProperties | 0.00 | 53.91M | ||
| PurchaseOfInvestmentProperties | 0.00 | -2.33M | ||
| NetBusinessPurchaseAndSale | 0.00 | 0.00 | 1.12B | |
| SaleOfBusiness | 0.00 | 0.00 | 1.12B | |
| NetIntangiblesPurchaseAndSale | -913.20M | -796.85M | -396.81M | -1.01B |
| SaleOfIntangibles | 1.87M | 66.27M | 0.00 | 9.09M |
| PurchaseOfIntangibles | -915.07M | -863.12M | -396.81M | -1.01B |
| OperatingCashFlow | 692.91M | 3.31B | 2.37B | 5.37B |
| CashFlowFromContinuingOperatingActivities | 692.91M | 3.31B | 2.37B | 5.37B |
| ChangeInWorkingCapital | 224.77M | 148.43M | -694.48M | -223.07M |
| ChangeInOtherCurrentLiabilities | 5.71M | 75.28M | 65.48M | -41.78M |
| ChangeInOtherCurrentAssets | -31.64M | -61.88M | -136.80M | -11.44M |
| ChangeInPayablesAndAccruedExpense | 112.37M | -19.62M | -37.34M | 233.75M |
| ChangeInPayable | 112.37M | -19.62M | -37.34M | 233.75M |
| ChangeInAccountPayable | 112.37M | -19.62M | -37.34M | 233.75M |
| ChangeInReceivables | 138.33M | 154.65M | -585.82M | -403.61M |
| ChangesInAccountReceivables | 138.33M | 154.65M | -585.82M | -403.61M |
| OtherNonCashItems | -2.02B | 1.23B | 1.16B | 3.65B |
| DepreciationAmortizationDepletion | 34.04M | 30.36M | 24.81M | 20.51M |
| DepreciationAndAmortization | 34.04M | 30.36M | 24.81M | 20.51M |
| Depreciation | 34.04M | 30.36M | 24.81M | 20.51M |
| OperatingGainsLosses | 190.92M | 777.40M | 3.32B | 138.25M |
| EarningsLossesFromEquityInvestments | 12.95M | -5.79M | 10.27M | -11.45M |
| GainLossOnInvestmentSecurities | 177.97M | 783.19M | 3.31B | 109.44M |
| GainLossOnSaleOfBusiness | 0.00 | 0.00 | 40.26M | 278.56M |
| NetIncomeFromContinuingOperations | 2.05B | 1.01B | -1.64B | 1.73B |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for NLY
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|