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NLY.O — NASDAQ Mortgage Real Estate Investment Trusts (REITs)

Annaly Capital Management Inc

$22,75
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Mcap
16,1B USD
P/E
—
EV / Rev
—
Div yield
12,20 %
Op margin
—
ROE
12,6 %
Net margin
—
Debt / equity
—
Beta
—
52w range
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Volume
—
Day range
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Prev close
$22,57
Open
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Next earnings
2026-10-28
Ex-dividend
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TR 1Y
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About

Annaly Capital Management Inc operates as a Mortgage Real Estate Investment Trust (REIT) within the Financials sector, generating income through mortgage-backed securities and related financial assets.

Business. Annaly Capital Management Inc operates as a Mortgage Real Estate Investment Trust (REIT) within the Financials sector, generating income through mortgage-backed securities and related financial assets.

Classification85 %
SectorFinancials
Industry groupMortgage Real Estate Investment Trusts (REITs)
Generated · model-assisted
Sell-side consensus
BUY13 analysts
9 buy4 hold0 sell
Avg 12m price target24,25

Analyst recommendations

13 analysts · consensus Buy
Buy9
Hold4
Sell0
12-month price target
24,25
Consensus of sell-side coverage.
Upcoming events
  • EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
See all catalysts →

At a glance

Score
—
not yet scored
Valuation
—
valuation pending
Analysts→
Buy
13 analysts · indicative
Ownership→
T. Rowe Price Associates, Inc.
largest disclosed fund holder
Profitability→
12,6 %
return on equity
Quality
—
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning NLY.

    • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials · THIS SECTOR−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to NLY.O. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Company
    • EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    Annaly Capital Management Inc operates as a Mortgage Real Estate Investment Trust (REIT) within the Financials sector, generating income through mortgage-backed securities and related financial assets.

    Classification85 %
    SectorFinancials
    Industry groupMortgage Real Estate Investment Trusts (REITs)
    AI synthesis
    GENERATED
    — missing data
    Key takeaways
    • Annaly Capital Management trades at a price-to-book ratio of 1.01, reflecting fair value relative to tangible equity.
    • Return on equity of 12.6% demonstrates effective leverage utilization in the mortgage REIT sector.
    • Liquidity risk assessment is inconclusive due to missing short-term balance-sheet data, requiring caution.
    • Analyst consensus suggests modest upside with a mean price target of $24.25 versus the current price of $22.95.
    • Dilution risk is assessed as low, supporting shareholder value preservation.

    Bull / Bear case

    analysis pipeline
    — missing data

    In focus — financials by report

    Valuation

    Market price
    $22,75
    Market cap
    $16.23B
    Enterprise valueⓘ
    —
    P/Eⓘ
    —
    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
    —
    EV / Op incomeⓘ
    —
    EV / OCFⓘ
    —
    P / Bⓘ
    1.0x
    P / Tangible bookⓘ
    1.0x
    Tangible book
    $16.16B
    Net cashⓘ
    —
    Current ratioⓘ
    —
    Debt / equityⓘ
    —
    ROAⓘ
    1.5%
    ROEⓘ
    12.6%
    Cash conversionⓘ
    34.0%
    CapEx / revenueⓘ
    —
    SBC / revenueⓘ
    —
    Dilution ratioⓘ
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    Business relationships5 disclosed relationships · 1 type · extracted from filings & disclosures
    Subsidiaries5
    EX21:7455abeaedceEX21:7455abeaedceSubsidiarie97%
    EX21:8d018026051eEX21:8d018026051eSubsidiarie97%
    EX21:c00dc611a57dEX21:c00dc611a57dSubsidiarie97%
    EX21:e38157a22129EX21:e38157a22129Subsidiarie97%
    EX21:ecf5fb7fc2c9EX21:ecf5fb7fc2c9Subsidiarie97%

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution13 analysts
    Strong buy3
    Buy6
    Hold4
    Sell0
    Strong sell0
    12-month price target$24,25 · Median $24,50
    Low $22,50High $25,00
    Operating income · consensus7,6B USD
    EPS surprise
    −5,3 %
    reported vs consensus · miss
    Revenue surprise
    +1,1 %
    reported vs consensus · beat

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    Low$22,50
    Mean$24,25
    Median$24,50
    High$25,00
    Spot$22,75
    +6.6 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskUnknown

    Benchmarks vs cohort

    ROE12,6 %Best in class
    D/E0,00Above median
    Cash Conv0,34Above median

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    Derivative transactions

    Net acquired 61 500 sh1 exercises · 8 grants8 insiders
    • Reeves Eric A.Director · Deferred Stock Units → Common StockAcquired 8 641grant · 2026-06-10
    • Hamilton Thomas EdwardDirector · Deferred Stock Units → Common StockAcquired 8 641grant · 2026-06-10
    • Hannan Kathy HopinkahDirector · Deferred Stock Units → Common StockAcquired 8 641grant · 2026-06-10
    • Laguerre MartinDirector · Deferred Stock Units → Common StockAcquired 8 641grant · 2026-06-10
    • VOTEK GLENNDirector · Deferred Stock Units → Common StockAcquired 8 641grant · 2026-06-10
    • Laroche ManonDirector · Deferred Stock Units → Common StockAcquired 8 641grant · 2026-06-10
    • Williams VickiDirector · Deferred Stock Units → Common StockAcquired 8 641grant · 2026-06-10
    • Wede ScottDirector · Deferred Stock Units → Common StockAcquired 8 641grant · 2026-06-10
    • Reeves Eric A.Director · Deferred Stock Units → Common StockDisposed 7 628exercise · 2026-05-14

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    • Reference data
    How metrics are computed
    • Price To Tangible Book
      market_price / (tangible_book_value / shares_outstanding_diluted)
    • Price To Book
      market_price / (adjusted_book_value / shares_outstanding_diluted)
    • Return On Equity
      net_income / total_equity
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    • Debt To Equity
      (short_term_debt + long_term_debt) / total_equity
    • Market Cap
      market_price * shares_outstanding_diluted
    Source documents
    • Annaly Capital Management, Inc. Market data — financials · 2026-07-28
    • failed_redrive (failed_redrive) on NLY.O · 2026-07-28
    • Annaly Capital Management Inc Market data — analyst estimates · 2026-07-28
    • Annaly Capital Management Inc Market data — ESG · 2026-07-28
    • Annaly Capital Management Inc HA canonical relationships · 2026-07-28
    • Annaly Capital Management Inc — company reference export (2026-07-05) · 2026-07-28

    Ownership & reference

    Top holders

    • T. Rowe Price Associates, Inc.Investment Managers · as of 2026-03-310,05 %$0M
    • Victory Capital Management Inc.Investment Managers · as of 2026-03-310,03 %$45M
    • Geode Capital Management, L.L.C.Investment Managers · as of 2026-03-310,03 %$422M
    • BlackRock Institutional Trust Company, N.A.Investment Managers · as of 2024-06-300,02 %$1 061M
    • Invesco QQQ TrustFunds · as of 2026-03-310,02 %$143M
    • State Street Investment Management (US)Investment Managers · as of 2026-03-310,02 %$615M
    • First Trust Advisors L.P.Investment Managers · as of 2026-03-310,02 %$29M
    • Northern Trust Investments, Inc.Investment Managers · as of 2026-03-310,02 %$157M
    • Vanguard Capital Management, LLCInvestment Managers · as of 2025-12-310,02 %$1 422M
    • Bank of New York Mellon CorpInstitutional Investor · as of 2026-03-310,02 %$105M
    • Principal Global Investors (Equity)Investment Managers · as of 2026-03-310,02 %$34M
    • AMERIPRISE FINANCIAL INCInstitutional Investor · as of 2026-03-310,02 %$75M
    • Charles Schwab Investment Management, Inc.Investment Managers · as of 2026-03-310,02 %$111M
    • FMR LLCInstitutional Investor · as of 2026-03-310,02 %$301M
    • Franklin Advisers, Inc.Investment Managers · as of 2026-03-310,01 %$57M
    • Nuveen LLCInvestment Managers · as of 2024-12-310,01 %$33M
    • AllianceBernstein L.P.Investment Managers · as of 2026-03-310,01 %$28M
    • AQR Capital Management, LLCInvestment Managers · as of 2026-03-310,01 %$19M
    • UBS Financial Services, Inc.Investment Managers · as of 2026-03-310,01 %$47M
    • Morgan Stanley Smith Barney LLCInvestment Managers · as of 2026-03-310,01 %$137M
    • LPL Financial LLCInvestment Managers · as of 2026-03-310,01 %$28M
    • Wells Fargo AdvisorsBrokerage Firms · as of 2026-03-310,01 %$33M
    • Raymond James & Associates, Inc.Brokerage Firms · as of 2026-03-310,01 %$18M
    • Wellington Management Company, LLPInvestment Managers · as of 2026-03-310,00 %$17M
    • Goldman Sachs Asset Management, L.P.Investment Managers · as of 2026-03-310,00 %$22M
    • PNC Investments LLCInvestment Managers · as of 2026-03-310,00 %$1M
    • JANUS HENDERSON GROUP PLCInstitutional Investor · as of 2026-03-310,00 %$1M
    • JONES FINANCIAL COMPANIES LLLPInstitutional Investor · as of 2026-03-310,00 %$0M
    • Fisher InvestmentsInvestment Managers · as of 2026-03-310,00 %$0M

    Insider activity

    Net selling0 buys · 10 sellsnet -$7,3M5 insiders · last 365d
    • Reeves Eric A.Director · Common StockOther 7 628 · 2026-05-14
    • Wolfe SerenaChief Financial Officer · Common StockSold 16 537 @ $22,48$372K · 2026-05-04
    • Finkelstein David LDirector, CEO and Co-CIO · Common StockSold 50 000 @ $22,88$1,1M · 2026-04-27
    • Campbell Steven FrancisPresident and COO · Common StockOther 85 319 @ $23,01$2,0M · 2026-02-25
    • Campbell Steven FrancisPresident and COO · Common StockSold 26 491 @ $22,83$605K · 2026-02-25
    • Campbell Steven FrancisPresident and COO · Common StockOther 43 556 @ $23,01$1,0M · 2026-02-25
    • Wolfe SerenaChief Financial Officer · Common StockOther 83 106 @ $23,01$1,9M · 2026-02-25
    • Wolfe SerenaChief Financial Officer · Common StockOther 42 427 @ $23,01$976K · 2026-02-25
    • Finkelstein David LDirector, CEO and Co-CIO · Common StockOther 325 797 @ $23,01$7,5M · 2026-02-25
    • Finkelstein David LDirector, CEO and Co-CIO · Common StockOther 180 168 @ $23,01$4,1M · 2026-02-25
    • Finkelstein David LDirector, CEO and Co-CIO · Common StockSold 50 000 @ $23,13$1,2M · 2026-02-18
    • Wolfe SerenaChief Financial Officer · Common StockSold 16 536 @ $23,14$383K · 2026-02-18
    • Campbell Steven FrancisPresident and COO · Common StockSold 28 225 @ $23,12$653K · 2026-02-18
    • Wolfe SerenaChief Financial Officer · Common StockOther 45 632 @ $23,01$1,0M · 2026-02-01
    • Finkelstein David LDirector, CEO and Co-CIO · Common StockOther 139 889 @ $23,01$3,2M · 2026-02-01
    • Finkelstein David LDirector, CEO and Co-CIO · Common StockOther 152 976 @ $23,01$3,5M · 2026-02-01
    • Wolfe SerenaChief Financial Officer · Common StockOther 35 660 @ $23,01$821K · 2026-02-01
    • Campbell Steven FrancisPresident and COO · Common StockOther 39 810 @ $23,01$916K · 2026-02-01
    • Campbell Steven FrancisPresident and COO · Common StockOther 52 151 @ $23,01$1,2M · 2026-02-01
    • Finkelstein David LDirector, CEO and Co-CIO · Common StockSold 50 000 @ $21,16$1,1M · 2025-11-03
    • Green Anthony CChief Corporate Officer, CLO · Common StockSold 22 499 @ $21,15$476K · 2025-11-03
    • Green Anthony CChief Corporate Officer, CLO · Common StockSold 22 500 @ $20,59$463K · 2025-08-06
    • Finkelstein David LDirector, CEO and Co-CIO · Common StockSold 50 000 @ $20,79$1,0M · 2025-08-04

    Short positioning

    19.6Mshares short-16.5% vs prior
    2.95days to cover
    49.8%short of daily vol
    1.7Kfails-to-deliver
    as of 2026-07-15 · short-interest report (free)

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    NLYCanonical
    NASDAQ · USD

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskUnknown
    Relationship graph
    NLYEX21:745EX21:8d0EX21:c00EX21:e38EX21:ecfMortgage Real
    This companySectorSubsidiaries

    Evidence & claims

    From filings & derived data
    • EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): 80.2%Derived (calculated)
    • EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): 80.2%Derived (calculated)
    • Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): -79.1%Derived (calculated)
    • Total liabilities (YoY) (2025-12-31 vs 2024-12-31): 31.5%Derived (calculated)
    • Total assets (YoY) (2025-12-31 vs 2024-12-31): 31.0%Derived (calculated)
    • Return on equity (FY 2025-12-31): 12.8%Derived (calculated)
    • Return on assets (FY 2025-12-31): 1.5%Derived (calculated)
    • Debt-to-equity (FY 2025-12-31): 7.42xDerived (calculated)
    • Net income (YoY) (2025-12-31 vs 2024-12-31): 102.8%Derived (calculated)
    • Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): 27.6%Derived (calculated)
    • Total assets (annual): USD 135.61BSEC XBRL filing
    • Pre-tax income (annual): USD 2.04BSEC XBRL filing
    • Net income (annual): USD 2.05BSEC XBRL filing
    • Interest expense (annual): USD 4.82BSEC XBRL filing
    • Operating cash flow (annual): USD 692.91MSEC XBRL filing
    • EPS (basic) (annual): USD-PER-SHARES 3SEC XBRL filing
    • Shareholders' equity (annual): USD 16.09BSEC XBRL filing
    • Shares outstanding (annual): 706.97MSEC XBRL filing
    • Total liabilities (annual): USD 119.45BSEC XBRL filing
    • EPS (diluted) (annual): USD-PER-SHARES 3SEC XBRL filing
    • Net income (YoY) (2024-12-31 vs 2023-12-31): 161.8%Derived (calculated)
    • Total liabilities (YoY) (2024-12-31 vs 2023-12-31): 11.0%Derived (calculated)
    • EPS (basic) (YoY) (2024-12-31 vs 2023-12-31): 144.9%Derived (calculated)
    • Return on assets (FY 2024-12-31): 1.0%Derived (calculated)
    Showing 24 of 60 surfaced claims.
    Atomic claims from regulatory filings and derived calculations. Provenance shown as source kind only.

    The Thread

    Everything we know, in order
    2026-10-28EVENTUpcomingQ3 2026 earnings (expected) estimated date
    2026-07-21 00:00 UTCTRANSCRIPTEarnings call — Q3 2026
    2026-07-21EVENTQ2 2026 earnings (expected) estimated date
    2026-06-11FILING8-K filing →
    2026-06-10 00:00 UTCINSIDER8 insider transactions — 2026-06 8 derivative
    2026-06-10INSIDERVOTEK GLENN acquired 8.6k sh Deferred Stock Units — Director
    2026-06-10INSIDERLaroche Manon acquired 8.6k sh Deferred Stock Units — Director
    2026-06-10INSIDERWilliams Vicki acquired 8.6k sh Deferred Stock Units — Director
    2026-06-10INSIDERWede Scott acquired 8.6k sh Deferred Stock Units — Director
    2026-06-10INSIDERReeves Eric A. acquired 8.6k sh Deferred Stock Units — Director
    2026-06-10INSIDERHamilton Thomas Edward acquired 8.6k sh Deferred Stock Units — Director
    2026-06-10INSIDERHannan Kathy Hopinkah acquired 8.6k sh Deferred Stock Units — Director
    2026-06-10INSIDERLaguerre Martin acquired 8.6k sh Deferred Stock Units — Director
    2026-05-14 00:00 UTCINSIDER3 insider transactions — 2026-05 · net sell $372k 1 derivative
    2026-05-14INSIDERReeves Eric A. transacted 7.6k sh — Director
    2026-05-14INSIDERReeves Eric A. disposed of 7.6k sh Deferred Stock Units — Director
    2026-05-04INSIDERWolfe Serena sold 16.5k sh — Chief Financial Officer ~$372k
    2026-05-01 09:41 UTCFILINGRegulatory filing →
    2026-04-30FILINGDEF 14A filing →
    2026-04-29FILING10-Q filing →
    2026-04-27 00:00 UTCINSIDER1 insider transaction — 2026-04 · net sell $1.1M
    2026-04-27INSIDERFinkelstein David L sold 50.0k sh — Director, CEO and Co-CIO ~$1.14M
    2026-04-21FILING8-K filing →
    2026-04-21FILING8-K filing →
    2026-04-21FILING8-K filing →
    2026-02-25 00:00 UTCINSIDER16 insider transactions — 2026-02 · net buy $3.3M
    2026-02-25INSIDERCampbell Steven Francis transacted 85.3k sh — President and COO ~$1.96M
    2026-02-25INSIDERCampbell Steven Francis sold 26.5k sh — President and COO ~$605k
    2026-02-25INSIDERCampbell Steven Francis transacted 43.6k sh — President and COO ~$1.00M
    2026-02-25INSIDERWolfe Serena transacted 83.1k sh — Chief Financial Officer ~$1.91M
    2026-02-25INSIDERWolfe Serena transacted 42.4k sh — Chief Financial Officer ~$976k
    2026-02-25INSIDERFinkelstein David L transacted 325.8k sh — Director, CEO and Co-CIO ~$7.50M
    2026-02-25INSIDERFinkelstein David L transacted 180.2k sh — Director, CEO and Co-CIO ~$4.15M
    2026-02-18INSIDERFinkelstein David L sold 50.0k sh — Director, CEO and Co-CIO ~$1.16M
    2026-02-18INSIDERWolfe Serena sold 16.5k sh — Chief Financial Officer ~$383k
    2026-02-18INSIDERCampbell Steven Francis sold 28.2k sh — President and COO ~$653k
    2026-02-12FILING10-K filing →
    2026-02-01INSIDERWolfe Serena transacted 45.6k sh — Chief Financial Officer ~$1.05M
    2026-02-01INSIDERFinkelstein David L transacted 139.9k sh — Director, CEO and Co-CIO ~$3.22M
    2026-02-01INSIDERFinkelstein David L transacted 153.0k sh — Director, CEO and Co-CIO ~$3.52M
    Showing the 40 most recent of 54 entries.
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data · Reference data Premium coverage