Annaly Capital Management’s (NLY) Buy Rating Reaffirmed at JonesTrading

JonesTrading restated their buy rating on shares of Annaly Capital Management (NYSE:NLY) in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has a $25.00 target price on the real estate investment trust’s stock.

Several other brokerages also recently issued reports on NLY. Keefe, Bruyette & Woods raised their target price on shares of Annaly Capital Management from $23.25 to $25.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Royal Bank Of Canada raised their target price on shares of Annaly Capital Management from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. BTIG Research upgraded shares of Annaly Capital Management from a “neutral” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Tuesday, January 6th. Argus upgraded shares of Annaly Capital Management to a “strong-buy” rating in a research note on Thursday, February 5th. Finally, Piper Sandler cut their target price on shares of Annaly Capital Management from $25.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Annaly Capital Management has an average rating of “Moderate Buy” and a consensus target price of $23.89.

Annaly Capital Management Trading Up 0.1%

NLY stock opened at $22.62 on Wednesday. The stock has a 50-day moving average price of $22.23 and a two-hundred day moving average price of $22.30. The stock has a market cap of $16.25 billion, a PE ratio of 7.64, a price-to-earnings-growth ratio of 7.02 and a beta of 1.23. Annaly Capital Management has a 1 year low of $18.43 and a 1 year high of $24.52.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Annaly Capital Management had a return on equity of 16.33% and a net margin of 34.33%.The firm had revenue of $341.56 million during the quarter, compared to analysts’ expectations of $595.27 million. On average, analysts forecast that Annaly Capital Management will post 2.93 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.4%. The ex-dividend date is Tuesday, March 31st. Annaly Capital Management’s payout ratio is presently 94.59%.

Insider Buying and Selling

In other news, CFO Serena Wolfe sold 16,536 shares of Annaly Capital Management stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $23.14, for a total value of $382,643.04. Following the completion of the sale, the chief financial officer directly owned 173,081 shares in the company, valued at approximately $4,005,094.34. The trade was a 8.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Steven Francis Campbell sold 26,491 shares of Annaly Capital Management stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $22.83, for a total transaction of $604,789.53. Following the completion of the transaction, the chief operating officer directly owned 178,000 shares in the company, valued at $4,063,740. This trade represents a 12.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 71,252 shares of company stock valued at $1,639,995. 0.22% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Annaly Capital Management by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 63,613,639 shares of the real estate investment trust’s stock valued at $1,422,401,000 after acquiring an additional 3,024,564 shares during the last quarter. State Street Corp increased its stake in Annaly Capital Management by 8.4% in the fourth quarter. State Street Corp now owns 26,425,278 shares of the real estate investment trust’s stock valued at $608,994,000 after acquiring an additional 2,053,451 shares during the last quarter. Geode Capital Management LLC increased its stake in Annaly Capital Management by 8.9% in the fourth quarter. Geode Capital Management LLC now owns 18,401,487 shares of the real estate investment trust’s stock valued at $411,031,000 after acquiring an additional 1,503,559 shares during the last quarter. Norges Bank bought a new position in Annaly Capital Management in the fourth quarter valued at approximately $162,477,000. Finally, Morgan Stanley grew its stake in shares of Annaly Capital Management by 33.5% during the fourth quarter. Morgan Stanley now owns 6,977,329 shares of the real estate investment trust’s stock worth $156,013,000 after buying an additional 1,751,509 shares during the last quarter. 51.56% of the stock is owned by institutional investors.

Annaly Capital Management News Summary

Here are the key news stories impacting Annaly Capital Management this week:

• Positive Sentiment: Q1 EPS topped expectations and margins improved (Q1 EPS $0.76 vs. $0.74 consensus; net interest margin widened), supporting earnings-quality. Annaly Q1 Earnings Beat, Net Interest Margin Improves Y/Y
• Positive Sentiment: Broker support — JonesTrading reaffirmed a “buy” rating and set a $25 price target, implying upside versus recent levels. Benzinga
• Positive Sentiment: Management framed results as showing resilient returns and provided an earnings-call slide deck and presentation for investors to assess portfolio positioning. Annaly Capital Earnings Call Highlights Resilient Returns
• Neutral Sentiment: Company released the full quarter press release, slide deck and call transcript for deeper review — useful for modeling but not new information. Press Release / Slide Deck
• Negative Sentiment: Revenue materially missed consensus (reported revenue ~$341.6M vs. ~$595.3M consensus), which raises questions about the sustainability of income and the pace of portfolio or capital changes. Annaly Capital Management (NLY) Beats Q1 Earnings Estimates
• Negative Sentiment: Management and analysts flagged a dip in the capital ratio and rising market volatility — plus geopolitical risks (Middle East energy shock) that could pressure fixed-income markets and earnings going forward. Annaly (NLY) Q1 2026 Earnings Call Transcript

Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.