Annaly Capital Management, Inc. Stock News

Wall Street offers investors no shortage of ways to grow their wealth. With thousands of publicly traded companies and exchange-traded funds (ETFs) to choose from, pretty much everyone is assured of finding one or more securities that'll help them meet their investment goals.

Stop looking at charts from periods of economic strength and look at periods of economic weakness to project forward outlooks. Buy investments that will generate outsized income in difficult situations. After years of shrinking dividends, the dividend is growing again.

We take a look at the action in preferreds and baby bonds through the third week of March and highlight some of the key themes we are watching. Preferred stocks gained alongside Treasuries, with credit spreads holding steady. DX.PR.C's switch to a floating coupon of SOFR + 5.723% in mid-April will result in a high yield of around 9.95%.

Mortgage REITs like Annaly Capital Management's common stock are high-risk and best treated as trading securities, not buy-and-hold investments. Annaly's preferred shares, particularly NLY-I, carry minimal risk except for call risk. The call risk is nasty. NLY-I's current price of $25.87 risks a $0.71 per share loss if called, making it prudent to wait for a better entry point.

A bunch of mortgage REITs were severely overvalued. Now they are less overvalued. But some others are actually bargains. Tons of charts because images are fun. Ellington Financial's higher price-to-book ratio may be due to lower volatility in the total economic return by period. Digital Realty Trust deserves to be mocked. I am reporting for duty!

Agency mortgage REITs are achieving exceptional price-to-book ratios. You want a high dividend yield? Great. But don't pay a huge premium in the share price. It's a great time for investors to capture some gains in this sector.

Since December, Annaly Capital Management has delivered a 16% total return, outperforming the S&P 500, driven by lower mortgage spreads. Unlike most stocks, NLY remained roughly flat over the past month, signaling surprising defensive value in agency mortgage REITs. Although a recession may increase mortgage credit risks, most of Annaly's assets are guaranteed by agencies; though Fannie Mae and...

NEW YORK--(BUSINESS WIRE)--Annaly Capital Management, Inc. Increases 1st Quarter 2025 Common Stock Dividend to $0.70 per Share.