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    Annaly Capital Management, Inc. (NLY)

    Official site

    REAL ESTATE • REIT - MORTGAGE • NYSE

    $18.43
    +0.27 (+1.49%)

    Market Cap: $13.69B

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    85%(33/39)
    Avg Surprise
    +3.99%
    Streak
    7 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$0.78
    Range$0.74 - $0.80
    11 analysts
    EPS Revisions
    7
    0
    7d
    8
    1
    30d
    EPS Estimate DriftChange to current
    90d ago$0.75+3.4%
    60d ago$0.78-0.1%
    30d ago$0.78-0.1%
    7d ago$0.78-0.1%
    Current$0.78
    Revenue Consensus
    $568M
    Range$438M - $676M
    6 analysts
    Period ending Dec 31, 2026
    EPS Consensus$0.81
    Range$0.63 - $0.88
    13 analysts
    Revenue Consensus
    $463M
    Range$143M - $771M
    6 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$0.81---
    Sep 26EST
    		-$0.78---
    Jun 26
    Reported Jul 21
    		$0.79$0.75+5.33%Beat+8.2%
    Mar 26
    Reported Apr 21
    		$0.76$0.74+2.70%Beat+5.6%
    Dec 25
    Reported Jan 28
    		$0.74$0.73+1.37%Beat+2.8%
    Sep 25
    Reported Oct 22
    		$0.73$0.72+1.39%Beat+10.6%
    Jun 25
    Reported Jul 23
    		$0.73$0.71+2.82%Beat+7.4%
    Mar 25
    Reported Apr 30
    		$0.72$0.70+2.86%Beat+12.5%
    Dec 24
    Reported Jan 29
    		$0.72$0.67+7.46%Beat+5.9%
    Sep 24
    Reported Oct 23
    		$0.66$0.67-1.49%Miss+0.0%
    Jun 24
    Reported Jul 24
    		$0.68$0.65+4.62%Beat-5.6%
    Mar 24
    Reported Apr 24
    		$0.64$0.64+0.00%Beat-21.0%
    Dec 23
    Reported Feb 7
    		$0.68$0.65+4.62%Beat-23.6%
    Sep 23
    Reported Oct 25
    		$0.66$0.68-2.94%Miss-37.1%
    Jun 23
    Reported Jul 26
    		$0.72$0.74-2.70%Miss-40.0%
    Mar 23
    Reported Apr 26
    		$0.81$0.75+8.00%Beat-27.7%
    Dec 22
    Reported Feb 8
    		$0.89$0.88+1.14%Beat-20.5%
    Sep 22
    Reported Oct 26
    		$1.05$0.99+6.06%Beat-6.3%
    Jun 22
    Reported Jul 27
    		$1.20$0.99+21.21%Beat+0.0%
    Mar 22
    Reported Apr 27
    		$1.12$0.98+14.29%Beat-3.4%
    Dec 21
    Reported Feb 9
    		$1.12$1.07+4.67%Beat-6.7%
    Sep 21
    Reported Oct 27
    		$1.12$1.06+5.66%Beat-12.5%
    Jun 21
    Reported Jul 28
    		$1.20$1.10+9.09%Beat+11.1%
    Mar 21
    Reported Apr 28
    		$1.16$1.05+10.48%Beat+38.1%
    Dec 20
    Reported Feb 10
    		$1.20$1.16+3.45%Beat+15.4%
    Sep 20
    Reported Oct 28
    		$1.28$1.05+21.90%Beat+52.4%
    Jun 20
    Reported Jul 29
    		$1.08$0.89+21.35%Beat+8.0%
    Mar 20
    Reported Apr 29
    		$0.84$0.82+2.44%Beat-27.6%
    Dec 19
    Reported Feb 12
    		$1.04$0.98+6.12%Beat-10.3%
    Sep 19
    Reported Oct 30
    		$0.84$1.00-16.00%Miss-30.0%
    Jun 19
    Reported Jul 31
    		$1.00$1.05-4.76%Miss-16.7%
    Mar 19
    Reported May 1
    		$1.16$1.18-1.69%Miss-3.3%
    Dec 18
    Reported Feb 13
    		$1.16$1.16+0.00%Beat-6.5%
    Sep 18
    Reported Oct 31
    		$1.20$1.18+1.69%Beat+0.0%
    Jun 18
    Reported Aug 1
    		$1.20$1.17+2.56%Beat+0.0%
    Mar 18
    Reported May 2
    		$1.20$1.19+0.84%Beat-3.2%
    Dec 17
    Reported Feb 14
    		$1.24$1.19+4.20%Beat+3.3%
    Sep 17
    Reported Nov 1
    		$1.20$1.19+0.84%Beat-
    Jun 17
    Reported Aug 2
    		$1.20$1.20+0.00%Beat-
    Mar 17
    Reported May 3
    		$1.24$1.20+3.33%Beat-
    Dec 16
    Reported Feb 15
    		$1.20$1.17+2.56%Beat-

    Dividends

    Dividend Metrics

    Forward Yield16.28%
    Forward Annual Dividend$3.00
    Payout Ratio239.58%
    FrequencyQuarterly
    Pay MonthsJan, Apr, Jul, Oct

    Growth

    3Y CAGR-7.34%
    5Y CAGR-5.11%
    NLY dividend history and ex-dividend datesRun NLY in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio6.10EV/EBITDA5.94x
    Price/FCF-42.92xFCF Yield-2.33%
    Profitability
    Profit Margin90.70%Operating Margin91.60%
    ROE19.60%ROIC14.82%
    Financial Health
    Debt/Equity2.25xInterest Coverage1.57x
    Current Ratio0.04xQuick Ratio0.04x
    Trading Statistics
    Beta1.28Avg Volume14.15M
    52-Week High$23.0352-Week Low$17.76

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$18.27
    SMA 20$19.03
    SMA 50$20.75
    SMA 200$21.22
    EMA 10$18.46
    EMA 20$19.01
    EMA 50$20.11
    EMA 200$20.75

    MACD

    Line: -0.76Signal: -0.79Hist: 0.03

    ADX

    ADX: 58.5+DI: 9.6-DI: 23.4

    Aroon & PSAR

    Aroon UpN/A
    Aroon Down80.0
    PSAR$17.79

    Bollinger Bands

    Upper Band$20.84
    Lower Band$17.23
    %B Position1899%(Upper)
    Band Width0.33

    RSI (14-Day)

    Neutral
    31.6

    Momentum Oscillators

    Stoch %K16.3
    Stoch %D14.4
    Williams %R-76.8
    ROC (10d)-1.4%
    Momentum-0.27
    CCI (20d)-48.6
    MFI (14d)23.3

    Volatility Measures

    ATR (14d)$0.70(3.8%)
    StdDev (20d)0.90
    Hist Vol22.0%(Moderate)

    Volume Flow

    VWAP$18.49
    OBV42.5M
    AD Line-18.8B
    CMF (20d)-1.834

    Volume Metrics

    Avg Vol (20d)14.5M
    Vol Ratio0.7x
    VWMA (20d)$18.97

    Pivot Points

    R3$18.61
    R2$18.39
    R1$18.28
    Pivot Point$18.06
    S1$17.95
    S2$17.73
    S3$17.62

    Advanced Oscillators

    TSI-52.59
    Ultimate Osc41.9
    KST-136.34

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$2.23B$1.63B$1.79B$1.63B$1.79B$1.49B$1.95B$1.25B$1.65B$1.51B$1.45B$1.73B
    Cost of Revenue$17.84M$17.93M$1.34M$15.59M$18.16M$18.43M$1.34M$14.09M$18.50M$13.77M$1.35M$14.63M
    Gross Profit$2.22B$1.61B$1.79B$1.61B$1.77B$1.47B$1.95B$1.23B$1.63B$1.50B$1.45B$1.71B
    Operating Expenses$58.19M$51.22M$-547,346,000$-477,459,000$564.42M$233.74M$315.01M$-58,151,000$500.16M$-68,715,000$795.31M$1.22B
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$58.19M$52.56M$11.93M$61.93M$13.44M$10.77M$10.02M$9.47M$11.62M$38.57M$38.90M$39.91M
    Operating Income$2.16B$1.56B$2.33B$2.09B$1.21B$1.24B$1.64B$1.29B$1.13B$1.57B$654.40M$490.13M
    Interest Income$1.81B$1.72B$1.69B$1.53B$1.42B$1.32B$1.34B$1.23B$1.18B$1.09B$990.35M$1.00B
    Interest Expense$1.32B$1.27B$1.32B$1.26B$1.15B$1.10B$1.15B$1.22B$1.12B$1.10B$1.04B$1.05B
    Income Before Tax$834.67M$289.00M$1.01B$835.24M$60.81M$138.57M$483.48M$76.22M$3.10M$464.23M$-389,500,000$-556,692,000
    Income Tax Expense$6.90M$-1,519,000$-7,754,000$-7,823,000$440,000$8.27M$10.41M$-6,135,000$11.93M$-943,000$1.73M$12.39M
    Net Income$822.67M$282.65M$1.01B$832.45M$57.10M$124.22M$482.05M$66.44M$-9,483,000$462.89M$-403,743,000$-562,205,000
    EBITDA$2.17B$1.57B$2.34B$2.10B$1.22B$1.24B$1.64B$1.30B$1.14B$1.57B$659.86M$497.44M
    EBIT$2.16B$1.56B$2.33B$2.09B$1.21B$1.24B$1.64B$1.29B$1.13B$1.57B$654.40M$490.13M
    * Some calculated fields are derived from available data when not provided by source

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    News

    Annaly Capital Management Inc $NLY Shares Sold by Farther Finance Advisors LLC

    Farther Finance Advisors LLC significantly reduced its stake in Annaly Capital Management Inc. by 48.8% in the third quarter, selling over 68,000 shares. Despite this...

    MarketBeat•10/16/26•Somewhat-Bullish

    Why Annaly Capital Management (NLY) Is Back In The Spotlight

    Annaly Capital Management (NLY) recently retired all 17,700,000 shares of its 6.750% Series I preferred stock, a move that restructures its capital and income distribution. The company's stock has seen a 1.49% increase...

    Simply Wall Street•10/15/26•Somewhat-Bullish

    Piper Sandler cuts target to USD 21.50 for Annaly Capital Management stock

    Piper Sandler has reduced its price target for Annaly Capital Management (NLY) stock from USD 25.00 to USD 21.50, maintaining an overweight rating. The stock was trading at USD 18.41 on NYSE on October 15, 2026...

    ad-hoc-news.de•10/15/26•Somewhat-Bearish

    Did Preferred Stock Redemption Just Shift Annaly Capital Management's (NLY) Investment Narrative?

    Annaly Capital Management (NLY) recently redeemed all of its 6.750% Series I Fixed-to-Floating Rate Preferred Stock, a move that shifts its capital structure towards common equity. This redemption...

    Simply Wall Street•10/13/26•Neutral

    Piper Sandler Maintains Annaly Capital Management Inc(NLY.US) With Buy Rating, Cuts Target Price to $21.5

    Piper Sandler analyst Crispin Love has reaffirmed a "Buy" rating for Annaly Capital Management Inc (NLY.US) but has adjusted the target price down from $25 to $21.5. According to TipRanks data...

    Moomoo•10/13/26•Somewhat-Bearish

    NLY Valuation and Fair Value

    P/E
    6.1x
    Forward P/E
    6.5x
    EV/EBITDA
    5.9x
    P/FCF
    -42.9x
    PEG
    32.0x
    P/B
    0.8x
    See GNG's fair value

    NLY Profitability: Margins, ROIC and FCF

    Gross margin
    99.3%
    Operating margin
    91.6%
    Net margin
    90.7%
    ROIC
    14.8%
    ROE
    19.6%
    FCF margin
    -4.3%
    FCF yield
    -2.3%

    NLY Competitors

    CompanyTicker
    Mid-America Apartment Communities IncMAA
    Weyerhaeuser CompanyWY
    Omega Healthcare Investors IncOHI
    Jones Lang LaSalle IncorporatedJLL
    Sun Communities IncSUI
    Regency Centers CorporationREG
    W P Carey IncWPC
    Healthpeak Properties IncDOC

    Sector: Real Estate

    NLY Analyst Ratings

    Consensus
    Buy
    Analysts
    13
    Strong Buy
    4
    Buy
    5
    Hold
    4
    Sell
    0
    Strong Sell
    0

    NLY Bull Case vs Bear Case

    Bull case

    • NLY has a 90.7% net profit margin.
    • NLY beat EPS estimates in 87.5% of its last 8 reported quarters.
    • NLY grew quarterly revenue 479.4% year over year.

    Bear case

    • NLY has a debt-to-equity ratio of 2.2x.

    NLY Earnings: Beat Rate and Next Report

    Beat rate
    7 of 8 quarters (87.5%)
    Average surprise
    2.8%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $0.78
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    8 up, 1 down

    NLY Dividend

    Forward yield
    16.3%
    Payout ratio
    239.6%
    3Y DPS growth
    -7.3%
    5Y DPS growth
    -5.1%
    Pay months
    Jan, Apr, Jul, Oct
    NLY dividend history

    Frequently Asked Questions About NLY

    What is NLY's current dividend yield?

    Annaly Capital Management, Inc. (NLY) has a forward dividend yield of 16.28%.

    Does NLY pay dividends?

    Yes, Annaly Capital Management, Inc. pays dividends with a forward dividend yield of 16.28%.

    What is NLY's P/E ratio?

    Annaly Capital Management, Inc. has a price-to-earnings (P/E) ratio of 6.10.

    What is NLY's market cap?

    Annaly Capital Management, Inc. (NLY) has a market capitalization of $13.69B with a current stock price of $18.43.

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