Symbols / NLY Stock $22.19 +0.14% Annaly Capital Management, Inc.

Real Estate • REIT - Mortgage • United States • NYQ
NLY (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Real Estate
Industry REIT - Mortgage
CEO Mr. David L. Finkelstein C.F.A.
Exch · Country NYQ · United States
Market Cap 16.26B
Enterprise Value 136.93B
Income 2.02B
Sales 2.50B
FCF (ttm) —
Book/sh 19.82
Cash/sh 1.08
Employees 212
Insider 10d —
IPO Oct 08, 1997
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 90.32%
P/E 7.16
Forward P/E 7.45
PEG 32.03
P/S 6.50
P/B 1.12
P/C —
EV/EBITDA —
EV/Sales 54.75
Quick Ratio 0.50
Current Ratio 0.52
Debt/Eq 732.81
LT Debt/Eq —
EPS (ttm) 3.10
EPS next Y 2.98
EPS Growth 122.50%
Revenue Growth 48.80%
EPS Gr Q/Q 127.50%
Rev Gr Q/Q —
Earnings (next) 2026-04-21
Earnings (prior) 2026-04-21
ROA 1.82%
ROE 15.04%
ROIC —
Gross Margin 97.49%
Oper. Margin 81.00%
Profit Margin 87.39%
Shs Outstand 732.78M
Shs Float 731.43M
Insider Own 0.11%
Instit Own 62.41%
Short Float 0.01%
Short Ratio 0.01
Short Interest 39.64K
52W High 24.52
vs 52W High -9.50%
52W Low 18.43
vs 52W Low 20.40%
Beta 1.27
Impl. Vol. 30.66%
Rel Volume 0.32
Avg Volume 7.04M
Volume 2.27M
Target (mean) $24.32
Tgt Median $24.50
Tgt Low $23.00
Tgt High $25.00
# Analysts 11
Recom None
Prev Close $22.16
Price $22.19
Change 0.14%
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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$24.32
Mean price target
2. Current target
$22.19
Latest analyst target
3. DCF / Fair value
$46.50
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$22.19
Low
$23.00
High
$25.00
Mean
$24.32

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-24 main UBS Neutral → Neutral $23
2026-04-23 main JP Morgan Overweight → Overweight $24
2026-04-22 main Jones Trading Buy → Buy $25
2026-04-16 main JP Morgan Overweight → Overweight $23
2026-04-02 main Piper Sandler Overweight → Overweight $22
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
News
RSS: Latest NLY news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-05-04 WOLFE SERENA Chief Financial Officer — 16,537 $22.48 $371,752
2026-04-27 FINKELSTEIN DAVID L Chief Executive Officer — 50,000 $22.88 $1,144,000
2026-02-25 WOLFE SERENA Chief Financial Officer — 83,106 $23.01 $1,912,269
2026-02-25 CAMPBELL STEVEN FRANCIS President — 85,319 $23.01 $1,963,190
2026-02-25 FINKELSTEIN DAVID L Chief Executive Officer — 325,797 $23.01 $7,496,589
2026-02-25 CAMPBELL STEVEN FRANCIS President — 26,491 $22.83 $604,790
2026-02-18 FINKELSTEIN DAVID L Chief Executive Officer — 50,000 $23.13 $1,156,500
2026-02-18 WOLFE SERENA Chief Financial Officer — 16,536 $23.14 $382,643
2026-02-18 CAMPBELL STEVEN FRANCIS President — 28,225 $23.12 $652,562
2026-01-30 WOLFE SERENA Chief Financial Officer — 45,632 $23.01 $1,049,992
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
2,244.45
+87.29%
1,198.38
+183.41%
-1,436.69
-173.51%
1,954.32
Operating Revenue
2,244.45
+87.29%
1,198.38
+183.41%
-1,436.69
-173.51%
1,954.32
Selling General And Administration
199.63
+16.50%
171.36
+5.42%
162.55
-0.11%
162.73
General And Administrative Expense
199.63
+16.50%
171.36
+5.42%
162.55
-0.11%
162.73
Salaries And Wages
151.55
+16.22%
130.40
+9.04%
119.59
+6.11%
112.70
Other Gand A
48.08
+17.40%
40.95
-4.67%
42.96
-14.12%
50.03
Reconciled Depreciation
34.04
+12.12%
30.36
+22.37%
24.81
+20.97%
20.51
Total Unusual Items
—
0.00
0.00
+100.00%
-40.26
Total Unusual Items Excluding Goodwill
—
0.00
0.00
+100.00%
-40.26
Special Income Charges
—
0.00
0.00
+100.00%
-40.26
Net Income
2,027.26
+102.34%
1,001.91
+160.97%
-1,643.17
-195.24%
1,725.33
Pretax Income
2,044.82
+99.10%
1,027.03
+164.23%
-1,599.02
-190.24%
1,771.99
Net Interest Income
1,135.50
+358.24%
247.80
+322.47%
-111.38
-107.58%
1,469.15
Interest Expense
4,823.70
+5.04%
4,592.24
+19.50%
3,842.97
+193.42%
1,309.73
Interest Income
5,959.20
+23.12%
4,840.03
+29.70%
3,731.58
+34.28%
2,778.89
Other Non Operating Income Expenses
—
—
—
—
Gain On Sale Of Security
538.51
+28.30%
419.72
+124.32%
-1,725.53
-772.15%
256.72
Gain On Sale Of Business
—
0.00
0.00
+100.00%
-40.26
Tax Provision
-6.87
-145.02%
15.26
-61.30%
39.43
-13.47%
45.57
Tax Rate For Calcs
0.00
+1300.00%
0.00
-92.86%
0.00
+707.69%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
+100.00%
-1.05
Net Income Including Noncontrolling Interests
2,051.69
+102.78%
1,011.77
+161.75%
-1,638.46
-194.90%
1,726.42
Net Income From Continuing Operation Net Minority Interest
2,027.26
+102.34%
1,001.91
+160.97%
-1,643.17
-195.24%
1,725.33
Net Income From Continuing And Discontinued Operation
2,027.26
+102.34%
1,001.91
+160.97%
-1,643.17
-195.24%
1,725.33
Net Income Continuous Operations
2,051.69
+102.78%
1,011.77
+161.75%
-1,638.46
-194.90%
1,726.42
Minority Interests
-24.43
-147.70%
-9.86
-109.21%
-4.71
-330.50%
-1.09
Normalized Income
2,027.26
+102.34%
1,001.91
+160.97%
-1,643.17
-193.12%
1,764.54
Net Income Common Stockholders
1,869.33
+120.61%
847.36
+147.47%
-1,784.85
-210.54%
1,614.70
Diluted EPS
2.92
+80.25%
1.62
+144.88%
-3.61
-192.09%
3.92
Basic EPS
2.92
+80.25%
1.62
+144.88%
-3.61
-191.86%
3.93
Basic Average Shares
639.51
+22.57%
521.74
+5.50%
494.54
+20.22%
411.35
Diluted Average Shares
641.04
+22.63%
522.75
+5.70%
494.54
+20.14%
411.62
Diluted NI Availto Com Stockholders
1,869.33
+120.61%
847.36
+147.47%
-1,784.85
-210.54%
1,614.70
Preferred Stock Dividends
157.93
+2.19%
154.55
+9.09%
141.68
+28.07%
110.62
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
135,609.84
+30.95%
103,556.38
+11.08%
93,227.24
+13.90%
81,850.71
Cash And Cash Equivalents
354.78
+24.42%
285.15
+3.37%
275.85
+80.82%
152.55
Other Short Term Investments
8,478.00
+310.68%
2,064.39
-51.00%
4,213.32
—
Receivables
927.69
-71.63%
3,270.49
-16.84%
3,932.93
+224.39%
1,212.39
Accounts Receivable
926.66
-13.32%
1,069.04
-12.57%
1,222.70
+91.86%
637.30
Other Receivables
1.03
-99.95%
2,201.45
-18.77%
2,710.22
+371.27%
575.09
Goodwill And Other Intangible Assets
139.80
-69.50%
458.30
+29.82%
353.02
-67.32%
1,080.18
Other Intangible Assets
139.80
-69.50%
458.30
+29.82%
353.02
-67.32%
1,080.18
Investments And Advances
8,478.00
+310.68%
2,064.39
-51.00%
4,213.32
-17.87%
5,129.79
Total Liabilities Net Minority Interest
119,449.93
+31.47%
90,859.43
+10.96%
81,882.15
+16.18%
70,481.29
Payables And Accrued Expenses
2,934.95
+208.12%
952.53
-75.34%
3,862.38
+103.79%
1,895.24
Payables
2,934.95
+208.12%
952.53
-75.34%
3,862.38
+103.79%
1,895.24
Accounts Payable
380.69
+41.88%
268.32
-6.81%
287.94
-11.48%
325.28
Other Payable
2,059.39
+568.02%
308.28
-90.51%
3,249.39
+180.64%
1,157.85
Dividends Payable
494.88
+31.64%
375.93
+15.65%
325.05
-21.13%
412.11
Current Debt And Capital Lease Obligation
1,075.00
+43.33%
750.00
+50.00%
500.00
+100.00%
250.00
Current Debt
1,075.00
+43.33%
750.00
+50.00%
500.00
+100.00%
250.00
Long Term Debt And Capital Lease Obligation
30,851.41
+49.07%
20,695.49
+62.90%
12,704.17
+48.67%
8,545.01
Long Term Debt
30,851.41
+49.07%
20,695.49
+62.90%
12,704.17
+48.67%
8,545.01
Stockholders Equity
16,090.77
+27.61%
12,609.24
+12.02%
11,255.79
-0.13%
11,270.44
Common Stock Equity
14,288.29
+29.04%
11,072.67
+13.93%
9,719.22
-0.15%
9,733.87
Capital Stock
1,809.55
+17.32%
1,542.35
+0.05%
1,541.57
+0.02%
1,541.25
Common Stock
7.07
+22.23%
5.78
+15.66%
5.00
+6.79%
4.68
Preferred Stock
1,802.48
+17.31%
1,536.57
+0.00%
1,536.57
+0.00%
1,536.57
Share Issued
706.97
+22.24%
578.36
+15.65%
500.08
+6.78%
468.31
Ordinary Shares Number
706.97
+22.24%
578.36
+15.65%
500.08
+6.78%
468.31
Additional Paid In Capital
27,927.11
+10.57%
25,257.72
+6.70%
23,672.39
+3.01%
22,981.32
Retained Earnings
-13,157.33
+0.12%
-13,173.15
-4.36%
-12,622.77
-32.27%
-9,543.23
Gains Losses Not Affecting Retained Earnings
-488.57
+51.99%
-1,017.68
+23.79%
-1,335.40
+63.99%
-3,708.90
Minority Interest
69.14
-21.17%
87.71
-1.78%
89.30
-9.78%
98.98
Other Equity Adjustments
-488.57
+51.99%
-1,017.68
+23.79%
-1,335.40
+63.99%
-3,708.90
Total Equity Gross Minority Interest
16,159.91
+27.27%
12,696.95
+11.92%
11,345.09
-0.21%
11,369.43
Total Capitalization
46,942.18
+40.95%
33,304.74
+39.00%
23,959.97
+20.92%
19,815.45
Invested Capital
46,214.70
+42.12%
32,518.17
+41.86%
22,923.40
+23.72%
18,528.88
Total Debt
31,926.41
+48.87%
21,445.49
+62.41%
13,204.17
+50.13%
8,795.01
Net Debt
31,571.63
+49.20%
21,160.35
+63.67%
12,928.32
+49.59%
8,642.45
Net Tangible Assets
15,950.97
+31.27%
12,150.94
+11.45%
10,902.77
+6.99%
10,190.26
Tangible Book Value
14,148.49
+33.30%
10,614.37
+13.33%
9,366.20
+8.23%
8,653.69
Available For Sale Securities
—
—
4,213.32
-17.87%
5,129.79
Cash Cash Equivalents And Federal Funds Sold
389.17
+36.48%
285.15
+3.37%
275.85
+80.82%
152.55
Derivative Product Liabilities
53.76
-9.79%
59.59
-80.29%
302.30
+48.06%
204.17
Line Of Credit
1,075.00
+43.33%
750.00
+50.00%
500.00
+100.00%
250.00
Preferred Shares Number
74.50
+17.32%
63.50
+0.00%
63.50
+1.11%
62.80
Preferred Stock Equity
1,802.48
+17.31%
1,536.57
+0.00%
1,536.57
+0.00%
1,536.57
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
692.91
-79.07%
3,310.66
+39.86%
2,367.20
-55.94%
5,372.41
Cash Flow From Continuing Operating Activities
692.91
-79.07%
3,310.66
+39.86%
2,367.20
-55.94%
5,372.41
Net Income From Continuing Operations
2,051.69
+102.78%
1,011.77
+161.75%
-1,638.46
-194.90%
1,726.42
Depreciation Amortization Depletion
34.04
+12.12%
30.36
+22.37%
24.81
+20.97%
20.51
Depreciation
34.04
+12.12%
30.36
+22.37%
24.81
+20.97%
20.51
Depreciation And Amortization
34.04
+12.12%
30.36
+22.37%
24.81
+20.97%
20.51
Other Non Cash Items
-2,019.91
-264.74%
1,226.09
+6.14%
1,155.15
-68.34%
3,648.55
Operating Gains Losses
190.92
-75.44%
777.40
-76.59%
3,320.85
+2302.11%
138.25
Gain Loss On Investment Securities
177.97
-77.28%
783.19
-76.34%
3,310.58
+2924.93%
109.44
Change In Working Capital
224.77
+51.43%
148.43
+121.37%
-694.48
-211.32%
-223.07
Change In Receivables
138.33
-10.56%
154.65
+126.40%
-585.82
-45.14%
-403.61
Changes In Account Receivables
138.33
-10.56%
154.65
+126.40%
-585.82
-45.14%
-403.61
Change In Payables And Accrued Expense
112.37
+672.74%
-19.62
+47.46%
-37.34
-115.98%
233.75
Change In Payable
112.37
+672.74%
-19.62
+47.46%
-37.34
-115.98%
233.75
Change In Account Payable
112.37
+672.74%
-19.62
+47.46%
-37.34
-115.98%
233.75
Change In Other Current Assets
-31.64
+48.88%
-61.88
+54.77%
-136.80
-1096.15%
-11.44
Change In Other Current Liabilities
5.71
-92.41%
75.28
+14.96%
65.48
+256.74%
-41.78
Investing Cash Flow
-27,362.73
-82.60%
-14,984.83
-78.05%
-8,415.89
+42.07%
-14,527.07
Cash Flow From Continuing Investing Activities
-27,362.73
-82.60%
-14,984.83
-78.05%
-8,415.89
+42.07%
-14,527.07
Capital Expenditure
-915.07
-6.02%
-863.12
-117.52%
-396.81
+60.88%
-1,014.26
Net Investment Purchase And Sale
-15,232.36
-256.48%
-4,272.94
-17.93%
-3,623.14
+66.69%
-10,877.50
Purchase Of Investment
-40,746.55
-26.49%
-32,213.64
+21.50%
-41,036.34
+9.76%
-45,474.47
Sale Of Investment
25,514.19
-8.68%
27,940.70
-25.32%
37,413.20
+8.14%
34,596.96
Net Business Purchase And Sale
—
—
0.00
0.00
Gain Loss On Sale Of Business
—
0.00
0.00
-100.00%
40.26
Net Intangibles Purchase And Sale
-913.20
-14.60%
-796.85
-100.82%
-396.81
+60.52%
-1,005.18
Purchase Of Intangibles
-915.07
-6.02%
-863.12
-117.52%
-396.81
+60.88%
-1,014.26
Net Other Investing Changes
—
—
—
—
Financing Cash Flow
27,219.63
+131.66%
11,750.05
+99.69%
5,884.12
-37.33%
9,389.28
Cash Flow From Continuing Financing Activities
27,219.63
+131.66%
11,750.05
+99.69%
5,884.12
-37.33%
9,389.28
Net Issuance Payments Of Debt
9,760.29
+22.46%
7,969.90
+108.95%
3,814.32
-7.30%
4,114.55
Issuance Of Debt
22,393.90
+54.81%
14,465.27
+122.95%
6,488.27
-12.10%
7,381.52
Repayment Of Debt
-12,633.61
-94.50%
-6,495.38
-142.91%
-2,673.95
+18.15%
-3,266.96
Long Term Debt Issuance
22,393.90
+54.81%
14,465.27
+122.95%
6,488.27
-12.10%
7,381.52
Long Term Debt Payments
-12,633.61
-94.50%
-6,495.38
-142.91%
-2,673.95
+18.15%
-3,266.96
Net Long Term Debt Issuance
9,760.29
+22.46%
7,969.90
+108.95%
3,814.32
-7.30%
4,114.55
Net Common Stock Issuance
2,910.57
+86.78%
1,558.32
+131.31%
673.69
-74.44%
2,636.00
Common Stock Payments
—
—
—
0.00
Cash Dividends Paid
-1,882.24
-26.01%
-1,493.68
+1.59%
-1,517.76
+0.10%
-1,519.25
Repurchase Of Capital Stock
—
—
—
0.00
Proceeds From Stock Option Exercised
-14.18
-130.26%
-6.16
+7.57%
-6.66
-62.15%
-4.11
Net Other Financing Charges
-56.89
-262.19%
-15.71
+14.68%
-18.41
-125.43%
72.39
Changes In Cash
549.81
+624.59%
75.88
+146.11%
-164.57
-170.14%
234.62
Beginning Cash Position
1,488.03
+5.37%
1,412.15
-10.44%
1,576.71
+17.48%
1,342.09
End Cash Position
2,037.84
+36.95%
1,488.03
+5.37%
1,412.15
-10.44%
1,576.71
Free Cash Flow
-222.16
-109.08%
2,447.54
+24.22%
1,970.40
-54.79%
4,358.15
Interest Paid Supplemental Data
3,445.92
-10.06%
3,831.51
+7.87%
3,551.87
+309.75%
866.83
Income Tax Paid Supplemental Data
—
1.69
—
0.49
Common Stock Issuance
2,910.57
+86.78%
1,558.32
+131.31%
673.69
-74.44%
2,636.00
Dividends Received CFI
6.67
-73.75%
25.40
0.00
0.00
Earnings Losses From Equity Investments
12.95
+323.71%
-5.79
-156.38%
10.27
+189.66%
-11.45
Issuance Of Capital Stock
2,910.57
+86.78%
1,558.32
+131.31%
673.69
-74.44%
2,636.00
Net Investment Properties Purchase And Sale
—
—
—
0.00
Net Preferred Stock Issuance
—
—
—
0.00
Preferred Stock Payments
—
—
—
0.00
Purchase Of Investment Properties
—
—
—
0.00
Sale Of Business
—
—
0.00
0.00
Sale Of Intangibles
1.87
-97.18%
66.27
0.00
-100.00%
9.09
Sale Of Investment Properties
—
—
—
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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