NLY · Annaly Capital Management Inc
Market Cap
$17.38B
Shares
753.71M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$23.04
Open$23.13
Day$23.00–23.23
52W close$20.21–24.40
Avg vol 30d6.9M
Short int20.4M · 2.7% float · 2.9d
Short vol59%
Last earningsJul 22, 2026
DataSep 2022–Aug 2026
Filing10-Q · Jul 29
Raw chart and full-history price indicators begin at the captured split on Sep 26, 2022; bars on opposite sides are not compared.
Up next
Next earnings call
Oct 21, 2026
Est · unconfirmed
· in 7 wks
FQ3-26 quarter ends
~Sep 30, 2026
Est
filed Jul 29, 2026
AI Brief
TL;DR.
Bullish
Bearish
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Strong Buy
SellHoldBuy
Technical
Buy
Momentum
Strong
Sentiment
Bullish
Fundamentals
Excellent
Quant / Vol
Very Low
Market backdrop
VIX 14.4 · calm
Equity put/call 0.62
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
+2%
above
Price vs 50-day avg
+1%
above
RSI (14)
50
neutral
MACD trend
Negative
52-week position
68%
mid-range
Momentum
relative strength
1-month return
+1%
trailing
6-month return
+4%
trailing
YTD return
+3%
this year
Relative strength
−10%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $23 › 200d $23 — 50d above 200d
Institutional flow
Accumulating
+1% holders QoQ · +90 funds added
Insider flow
Flat
No net insider activity over 90 days
Short interest
Falling
2.71% of float · ▼ -2.5% MoM · 2.9 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
792 holders — near 3-yr high, broad support
Squeeze score
47
elevated · 0–100
Fundamentals
EPS growth
+80%
Y/Y
Buyback
$1.5B
remaining
Balance sheet
$814.1M
net cash
Quant / Vol
risk profile
Volatility
20%
annualized · 1-yr
Max drawdown
−15%
past year
ATR
1.5%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the 8-K filed Apr 28, 2021
Long-term target operating expense ratio
· long-term
1.45% – 1.6%
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Buy
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
+2%
Bullish
Price vs 50-day avg
+1%
Bullish
RSI (14)
50
Neutral
MACD trend
Negative
Bearish
52-week position
68%
Neutral
Market signals — smart money & positioning
Bullish · 3 of 6
Trend (MA cross)
No cross
50d $23 › 200d $23 — 50d above 200d
Institutional flow
Accumulating
+1% holders QoQ · +90 funds added
Insider flow
Flat
No net insider activity over 90 days
Short interest
Falling
2.71% of float · ▼ -2.5% MoM · 2.9 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
792 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $20
Now $23 · 68%
Range high $24
vs 200-day avg +2%
vs 50-day avg +1%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Agency mortgage-backed securities | $87.77B | June 30, 2026 | — |
| Agency portfolio | 95B | Q2 2026 | — |
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| Annualized dividend yield | 13.42% | June 30, 2026 | — |
| Annualized EAD return on average equity non-GAAP | 15.12% | Q2 2026 | — |
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| Annualized EAD return on average equity (excluding PAA) non-GAAP | 15.12% | June 30, 2026 | — |
| Annualized GAAP return on average equity | 19.88% | Q2 2026 | — |
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| Average economic cost of interest bearing liabilities | 3.96% | Q2 2026 | — |
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| Average GAAP cost of interest bearing liabilities | 4.28% | Q2 2026 | — |
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| Average yield on interest earning assets | 5.44% | Q2 2026 | — |
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| Average yield on interest earning assets (excluding PAA) non-GAAP | 5.46% | Q2 2026 | — |
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| Book value per common share | $20.15 | Q2 2026 | — |
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| Commercial mortgage-backed securities | $135.02M | June 30, 2026 | — |
| Committed warehouse capacity | 2.8B | Q2 2026 | — |
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| Dividend declared per common share | $0.75 | June 30, 2026 | — |
| Earnings available for distribution non-GAAP | 627.67M | Q2 2026 | — |
| Earnings available for distribution attributable to common stockholders non-GAAP | 586.63M | Q2 2026 | — |
GAAP → non-GAAP reconciliationGAAP Earnings available for distribution 627.67M
-41.04M Dividends on preferred stock
= Earnings available for distribution attributable to common stockholders 586.63M
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| Earnings available for distribution per average common share non-GAAP | $0.79 | Q2 2026 | — |
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| Economic capital ratio non-GAAP | 14.9% | As of June 30, 2026 | — |
| Economic capital ratio at period end non-GAAP | 14.9% | June 30, 2026 | — |
| Economic leverage at period-end | 5.6 | Q2 2026 | — |
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| Economic leverage ratio non-GAAP | 5.6 | As of June 30, 2026 | — |
| Economic net interest income (excluding PAA) non-GAAP | 594.12M | Q2 2026 | — |
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GAAP → non-GAAP reconciliationGAAP Interest income (excluding PAA) 1.82B
-1.23B Economic interest expense
= Economic net interest income (excluding PAA) 594.12M
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| Economic return | 6.9% | the first half of 2026 | — |
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| GAAP capital ratio at period-end | 11.8% | June 30, 2026 | — |
| GAAP leverage at period-end | 7.4 | Q2 2026 | — |
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| GAAP net income per average common share | $1.06 | June 30, 2026 | — |
| Hedge ratio | 97% | Q2 2026 | — |
| Interest income (excluding PAA) non-GAAP | 1.82B | Q2 2026 | — |
GAAP → non-GAAP reconciliationGAAP GAAP interest income 1.81B
+7.08M Premium amortization adjustment
= Interest income (excluding PAA) 1.82B
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| Interests in MSR | $106.78M | June 30, 2026 | — |
| Mortgage servicing rights | $4.09B | June 30, 2026 | — |
| MSR portfolio | 4.1B | Q2 2026 | — |
| Net interest margin | 1.47% | Q2 2026 | — |
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| Net interest margin (excluding PAA) non-GAAP | 1.76% | Q2 2026 | — |
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| Net interest spread | 1.16% | Q2 2026 | — |
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| Net interest spread (excluding PAA) non-GAAP | 1.5% | Q2 2026 | — |
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| Non-agency mortgage-backed securities | $1.57B | June 30, 2026 | — |
| Premium amortization expense (excluding PAA) non-GAAP | 45.34M | Q2 2026 | — |
| Residential credit risk transfer securities | $46.87M | June 30, 2026 | — |
| Residential mortgage loans | $7.28B | June 30, 2026 | — |
| Residential mortgage loans transferred or pledged to securitization vehicles | $38.26B | June 30, 2026 | — |
| Securitization volume (Residential Credit Group) | 6.8B | Q2 2026 | — |
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| Total assets available for financing | 9.6B | Q2 2026 | — |
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| Total investment portfolio | $139.25B | June 30, 2026 | — |
| Total portfolio | 109.4B | Q2 2026 | — |
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| Total warehouse capacity | 8.3B | Q2 2026 | — |
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| Weighted average days to maturity on repurchase agreements outstanding at period-end | 33 | June 30, 2026 | — |
| Weighted average experienced CPR for the period | 11.6% | June 30, 2026 | — |
| Weighted average pay rate on interest rate swaps at period-end | 3.2% | June 30, 2026 | — |
| Weighted average projected long-term CPR at period-end | 11% | June 30, 2026 | — |
| Weighted average receive rate on interest rate swaps at period-end | 3.73% | June 30, 2026 | — |
| Annualized GAAP return on average equity (6) | 7.15% | March 31, 2026 | — |
| Hedge ratio (1) | 87% | March 31, 2026 | — |
| Annualized GAAP return (loss) on average equity | 14.57% | the year ended December 31, 2025 | — |
| Full-year securitizations | 15.2B | the full year 2025 | — |
| Loan fundings | 16.5B | the full year 2025 | — |
| Lock volume | 23.1B | the full year 2025 | — |
| Securitizations closed | 4.6B | the fourth quarter 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Mortgage — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
NLY
this stock
Annaly Capital Management Inc
|
$17.38B | +3.0% | — | — | 2.7% |
|
AGNC
AGNC Investment Corp.
|
$12.92B | +1.7% | — | — | 8.9% |
|
STWD
Starwood Property Trust, Inc.
|
$5.85B | -12.2% | -5.3% | — | 4.6% |
|
RITM
Rithm Capital Corp.
|
$5.64B | -7.5% | -6.7% | 16.8 | 5.8% |
|
DX
Dynex Capital Inc
|
$3.19B | -7.9% | — | — | 5.7% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Earnings & Events
Performance
Raw-price comparisons begin at the captured split on Sep 26, 2022; windows that need an earlier baseline remain unavailable.
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| NLY | -0.5% | +1.4% | +3.8% | +1.4% | +3.0% |
| SPY | +0.5% | +3.0% | +13.4% | +3.0% | +12.8% |
| vs SPY | -1.0% | -1.6% | -9.6% | -1.6% | -9.8% |
Capital returns
Latest dividend
$0.75
/ share · ex Jun 30, 2026
Paid (TTM)
$2.85
/ share · 4 payouts
Dividend yield (TTM, derived)
12.37%
Buyback programs
· 2 active
· as of Jun 30, 2026
Authorized (total)
$3.10B
Spent (derived)
$1.60B
Remaining
$1.50B
Spent
Remaining
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
Key facts
CIK
1043219
CUSIP
035710839
13F (30d)
520 filings
499 filers
Visit website
Investor relations