Annaly Capital Management Inc.

Valuation Analysis

About the Company

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 incorporat

Annaly Capital Management Inc. Stock at a Glance

Annaly Capital Management Inc. (NLY) is currently trading at $22.00 with a market capitalization of $16.1B. The trailing P/E ratio stands at 7.1x, with a forward P/E of 7.37x. The 52-week range spans from $18.64 to $24.52; the current price is 10.3% below the yearly high. Year-over-year revenue growth stands at +48.8%. The net profit margin stands at 87.39%.

💰 Dividend

Annaly Capital Management Inc. pays an annual dividend of $3.00 per share, representing a yield of 13.64%. The payout ratio stands at 90.32%. The elevated payout ratio reflects a mature dividend policy.

📊 Analyst Rating

11 analysts rate Annaly Capital Management Inc. (NLY) on consensus: Buy. The average price target is $24.32, implying +10.54% from the current price. Analyst price targets range from $23.00 to $25.00.

Annaly Capital Management Inc.: The Investment Case in Detail

Annaly Capital Management Inc. (NLY) operates in the Real Estate — specifically REIT - Mortgage — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

The Bull Case

Top-line momentum is unusually strong with revenue expanding 48.8% year-over-year, a pace that puts the company well above the market average and signals genuine demand traction rather than mere cyclical tailwind. With a gross margin near 97.49%, the company sits in the top tier of its industry — these are the kinds of structural margins that protect earnings during downturns. Our valuation screen flags the stock as undervalued relative to its fundamentals — multiples are running below where the cash flow profile would normally justify.

The Bear Case

The debt-to-equity ratio of 732.81% is elevated, meaning the company relies heavily on creditors — refinancing terms will become more important than operational performance in the next economic downturn.

Valuation in Context

At a PEG of 32.03, investors are paying more than three times the growth rate for each unit of earnings — that pricing assumes growth not only continues but accelerates from here.

Investment Thesis: Strengths & Weaknesses

Technical Snapshot

Price is below both the 50- and 200-day moving averages, with 50d below 200d — a bearish picture (death-cross alignment).

Risk Profile

The data points to market-like volatility, higher leverage relative to equity.

Trading Data

💵 Dividend Info

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