NLY— Annaly Capital Management, Inc.
NYSEReal Estate · REIT - Mortgage
Annaly Capital Management, Inc. (NLY) stock trades at $22.53, down 1.44% on the day. With a market capitalization of $16.51 billion, NLY is a large-cap real estate stock. It trades at a price-to-earnings (P/E) ratio of 7.4, a forward P/E of 7.5 and earnings per share (EPS) of $3.06. Over the most recent period the company reported 49% year-over-year revenue growth and a net profit margin of 87.4%. Below you'll find NLY's full fundamentals, fair-value estimates, dividend history, earnings and our buy, hold or avoid verdict for 2026.
Price & Performance
Performance
Analysis & Verdict
Annaly Capital Management, Inc. (NLY) Stock Analysis 2026
Rule-based · Updated daily · Not financial advice
Annaly Capital Management, Inc. (NLY) operates in the REIT - Mortgage space within the Real Estate sector. With a market cap of $16.5B, it qualifies as a mid-cap company. The company is growing revenue strongly while maintaining healthy profitability — a combination that investors typically reward with a premium valuation.
- Low P/E of 7.4× suggests the stock may be undervalued relative to earnings
- Revenue grew 49% year-over-year — exceptional top-line expansion
- Earnings grew 123% YoY — bottom-line is expanding fast
- Exceptional profit margin of 87.4% — the business retains a large share of each dollar earned
- ROE of 15.0% shows management efficiently converts equity into profit
- Dividend yield of 13.12% provides consistent income on top of price appreciation
- High debt-to-equity of 732.81× increases financial risk, especially with elevated interest rates
- Current ratio below 1 (0.52×) — short-term liabilities exceed current assets
Verdict
Strong Buy
Multiple fundamental strengths with few red flags. Long-term buyers may find this compelling.
AI Insight
Powered by ClaudeAI-generated analysis for informational purposes only. Not financial advice.
Fair Value Estimates
Current price: $22.53
Graham Number
√(22.5 × EPS × Book Value)
$36.94
Benjamin Graham's intrinsic value formula. Assumes a fair stock trades at no more than 22.5× the product of EPS and book value per share.
Bazin Ceiling Price
Avg. Annual DPS (5Y) ÷ 6%
$50.13
Décio Bazin's dividend-based ceiling. The max price you should pay so that dividends alone deliver at least 6% annual yield on your cost basis.
These are simplified estimates. Not financial advice.
Buy & Hold Checklist
Quality criteria for long-term holding
8/10
80% score
Pays dividends
15Y hist.15+ years of dividend history
Dividend consistency (5Y+)
15 yrsUninterrupted dividend payments for at least 5 years
ROE above 10%
15.0%Return on equity — measures how efficiently capital is used
Positive profit margin
87.4%Net profit margin must be positive — company earns more than it spends
Revenue growth (annual)
+48.8%Annual revenue must be growing compared to the prior year
Earnings growth (annual)
+122.5%Annual earnings must be growing compared to the prior year
Debt/Equity below 2×
732.81×Low financial leverage reduces risk of distress
Current ratio above 1
0.52×Short-term assets must cover short-term liabilities
Daily liquidity above $5M
$159M/dayHigh trading volume ensures easy entry and exit
Dividend yield above 0%
13.12%Stock must distribute income to shareholders
Financials
Revenue & Results
Key Statistics
Earnings
Next Earnings
Jul 21, 2026
7
days
EPS (TTM)
$3.06
P/E (TTM)
7.4
Fwd P/E
7.5
SEC Filings & Reported Financials
Earnings History
SEC EDGAR · official filings
SEC Filings
Official EDGAR documents
Insider Transactions
SEC Form 4 · officers, directors & 10% owners
Dividends & Income
Dividends
Current DY
13.12%
5Y Avg Annual
$2.5940
Last Payment
$0.7500
Ex-Date
06/30/2026
Annual dividends paid per share
| Ex-Date | Payment | Amount | Est. DY |
|---|---|---|---|
Latest06/30/2026 | 07/31/2026 | $0.7500 | 13.32% |
03/31/2026 | 05/01/2026 | $0.7000 | 12.43% |
12/31/2025 | 01/31/2026 | $0.7000 | 12.43% |
09/30/2025 | 10/31/2025 | $0.7000 | 12.43% |
06/30/2025 | 07/31/2025 | $0.7000 | 12.43% |
03/31/2025 | 05/01/2025 | $0.7000 | 12.43% |
12/31/2024 | 01/31/2025 | $0.6500 | 11.54% |
09/30/2024 | 10/31/2024 | $0.6500 | 11.54% |
Magic Number
Shares needed to self-fund your next purchase
$22.53
Price
$0.7500
Last div. (quarterly)
31
shares
Own 31 NLY shares ($698.43) and each quarterly dividend pays for 1 new share — the snowball runs on its own.
Investment target
$698.43
New shares / year
+4 shares
Tools & Simulators
If You Had Invested…
Hypothetical return based on historical prices
* Dividend reinvestment calculated at ex-date price. For informational purposes only.
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About Annaly Capital Management, Inc.
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.
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NLY — Frequently Asked Questions
Is Annaly Capital Management, Inc. (NLY) a good stock to buy in 2026?
Annaly Capital Management, Inc. (NLY) shows strengths such as revenue growth of 49%, a strong 87% net margin and a 15% return on equity, while risks include high leverage (debt/equity of 732.8). Whether NLY is a good buy in 2026 depends on your time horizon and risk tolerance — review the full bull case, bear case and fair-value estimates above. This is informational analysis, not financial advice.
What is NLY's stock price today?
Annaly Capital Management, Inc. (NLY) trades at $22.53, down 1.44% on the session. Prices on this page update throughout the trading day.
Does NLY pay a dividend?
Yes. Annaly Capital Management, Inc. pays an annual dividend of $3.00 per share, a dividend yield of 13.12%. The most recent ex-dividend date was June 30, 2026. Its payout ratio is about 90% of earnings.
Is NLY overvalued?
With a P/E ratio of 7.4×, NLY trades at a relatively modest valuation for the real estate sector. Its PEG ratio is 32.03. See the Fair Value Estimates section above for Graham Number and dividend-based price targets.
What is NLY's market cap?
Annaly Capital Management, Inc. (NLY) has a market capitalization of $16.51 billion, classifying it as a large-cap stock in the Real Estate sector.
Disclaimer: This page — including any buy/hold/avoid view, fair value or price estimate — is generated from market data for informational and educational purposes only and does not constitute financial, investment or trading advice. Data may be delayed or inaccurate. Always do your own research and consult a licensed financial advisor before making any investment decision.