|Bid||19.68 x 900|
|Ask||19.69 x 900|
|Day's range||19.53 - 19.72|
|52-week range||15.11 - 27.96|
|Beta (5Y monthly)||1.44|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||2.60 (13.77%)|
|Ex-dividend date||30 Mar 2023|
|1y target est||N/A|
In the latest trading session, Annaly Capital Management (NLY) closed at $19.61, marking a +0.93% move from the previous day.
Investors looking for yield are beginning to take a closer look at mortgage real estate investment trusts (REITs). Annaly Capital Management (NYSE: NLY) is one of the biggest mortgage REITs operating today and it is among those REITs with an elevated payout. Annaly Capital is a mortgage REIT that invests in several different strategies.
These supercharged income stocks, with yields ranging from 7.2% to 13.6%, have been popular buys for some of Wall Street's brightest money managers.
Investors who are looking for high-yielding stocks should consider real estate investment trusts (REITs). Most of these companies invest in physical real estate, and because they are legally required to pay out at least 90% of their income as dividends annually, they often sport highly attractive yields. Mortgage REITs, though, are a little different from those that invest in commercial rental property.
There are two performance numbers to look at with Annaly, but neither one is all that great over the past 10 years.
Content referenced in today's call can be found in our first quarter 2023 investor presentation and first quarter 2023 financial supplement, both found under the Presentations section of our website. Participants on this morning's call include David Finkelstein, chief executive officer and chief investment officer; Serena Wolfe, chief financial officer; Mike Fania, deputy chief investment officer and head of residential credit; V.S. Srinivasan, head of agency; and Ken Adler, head of mortgage servicing rights. Good morning, and thank you all for joining us on our first quarter earnings call.
Improving average yield on interest-earning assets supports Annaly's (NLY) Q1 earnings, while lower NII remains a key undermining factor.
Rising interest rates have hammered the real estate market. While Annaly Capital Management (NYSE: NLY) hasn't been immune to the industry's issues, the mortgage real estate investment trust (REIT) has fared a bit better than feared. Meanwhile, with the current interest-rate hiking cycle likely nearing an end, it sees better days ahead.
Annaly (NLY) delivered earnings and revenue surprises of 12.50% and 89.36%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
Rising average net interest spread supports AGNC Investment's (AGNC) Q1 earnings. However, the rise in the weighted average cost of funds acts as a headwind.
In the latest trading session, Annaly Capital Management (NLY) closed at $19.21, marking a +0.1% move from the previous day.
Annaly (NLY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
Last year was a struggle for the entire mortgage real estate investment trust (REIT) sector. The Federal Reserve hiked rates aggressively in order to quell inflation, which killed the mortgage refinancing market and put several mortgage bankers out of business. Second, the rise in interest rates caused mortgage-backed securities (MBS) to lose money and pushed many mortgage REITs to cut their dividends.
Annaly Capital Management (NLY) closed the most recent trading day at $19.18, moving -0.67% from the previous trading session.
Annaly (NLY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Annaly Capital Management (NLY) closed the most recent trading day at $19.11, moving +1.59% from the previous trading session.
Annaly Capital Management (NLY) closed the most recent trading day at $18.92, moving -1.1% from the previous trading session.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
Often, when a stock has a high and rising dividend yield, it's a red flag that the dividend may not be sustainable. This is exactly what happened recently with two popular dividend stocks, Intel (NASDAQ: INTC) and Annaly Capital Management (NYSE: NLY). Intel, the semiconductor chipmaker, slashed its quarterly dividend in late February to $0.125 per share, down from $0.365 the previous quarter -- a 66% cut.
Annaly offers a huge yield, but it's unreliable. A simpler option would be better for most investors.
The Fed's aggressive regime of rate hikes caused refinance activity to disappear, which caused mortgage origination to collapse. The increase in interest rates also weighed on mortgage-backed security valuations, which negatively affected mortgage real estate investment trusts (mREITs). Leading mortgage REIT Annaly Capital (NYSE: NLY) just cut its dividend by 26%, with a new quarterly payout of $0.65 per share.
When the average yield of stocks in the S&P 500 index is 1.2%, it's easy to see why high-paying dividend stocks like Annaly Capital Management (NYSE: NLY) and AGNC Investment Corp (NASDAQ: AGNC) can look so appealing. Rather, they make their money from collecting interest on residential loans, commercial mortgages, or through mortgage servicing rights (MSRs). Many mREITs originate loans, but they can also invest in mortgage-backed securities (MBS).
Annaly Capital Management (NYSE: NLY) has an atrocious dividend track record. The mortgage REIT the week officially announced it was reducing its payout again -- as management telegraphed that it would last month -- continuing a steady decline that has been going on for the past decade. While Annaly still offers a big-time yield, its payout could keep falling.
Annaly (NLY) reduced its first-quarter 2023 dividend by 26% to 65 cents, in line with its historical yield on book value.