Welcome to our dedicated page for Annaly Capital Management. news (Ticker: NLY), a resource for investors and traders seeking the latest updates and insights on Annaly Capital Management. stock.
Annaly Capital Management, Inc. (NYSE: NLY) is a prominent American mortgage real estate investment trust (REIT), established in 1997. Annaly is dedicated to generating net income for distribution to its shareholders through the meticulous selection and management of its investments. Since its inception, Annaly has distributed over $13 billion in dividends, underscoring its commitment to shareholder returns.
Annaly's diversified portfolio includes mortgage pass-through certificates, collateralized mortgage obligations, credit risk transfer securities, and other securities backed by pools of mortgage loans. The company also invests in residential mortgage loans and mortgage servicing rights. Annaly operates through three main investment groups:
- Annaly Agency Group: Focuses on investments in agency mortgage-backed securities.
- Annaly Residential Credit Group: Deals with non-agency residential mortgage assets.
- Annaly Mortgage Servicing Rights Group: Invests in mortgage servicing rights and related assets.
Annaly's strategic approach is to optimize returns while mitigating risk through a diversified investment strategy. The company is headquartered in New York and is listed on the New York Stock Exchange under the ticker symbol NLY. Annaly's goal is to offer stable and attractive returns to its shareholders while maintaining a robust and diversified portfolio.
Recent Achievements: Annaly continues to enhance its portfolio with strategic acquisitions and prudent financial management. The company remains focused on maximizing shareholder value through disciplined investment practices and operational excellence.
Current Projects: Annaly is actively involved in expanding its investment horizons, particularly in residential mortgage loans and mortgage servicing rights, to capitalize on evolving market opportunities. The company is committed to leveraging its expertise to navigate the dynamic real estate market effectively.
Annaly Capital Management is a leader in the mortgage REIT sector, known for its significant contributions to shareholders and its robust investment strategies. Investors seeking a reliable income-generating real estate investment trust consider Annaly a key player.
Annaly Capital Management (NYSE: NLY) has announced its fourth quarter 2024 dividend payment. The company's Board of Directors has declared a cash dividend of $0.65 per common share. The dividend will be paid on January 31, 2025, to shareholders of record as of December 31, 2024. The ex-dividend date is set for December 31, 2024.
Annaly Capital Management (NYSE: NLY) has announced its upcoming Investor Day scheduled for Thursday, November 21, 2024, from 2:00 PM to 5:00 PM ET. The event will showcase presentations from senior management on their housing finance strategy and feature a panel discussion on political landscape and market implications with Mark Zandi (Moody's Analytics) and Jim Parrott (Urban Institute).
CEO David Finkelstein highlighted the company's strategic evolution as the leading residential mortgage REIT, emphasizing their focus on expanding housing finance capabilities with synergies, prudent leverage, and liquidity. The event will be webcast live, with presentation materials available on the company website, and includes a Q&A session for participants.
Annaly Capital Management has declared preferred stock dividends for Q4 2024 across three series. The Series F Preferred Stock will pay $0.616143 per share at a 9.85828% rate, Series G Preferred Stock will pay $0.577382 per share at a 9.03728% rate, and Series I Preferred Stock will pay $0.629579 per share at a 9.85428% rate. All dividends will be paid on December 31, 2024, to shareholders of record as of December 2, 2024.
Annaly Capital Management (NYSE: NLY) reported its Q3 2024 financial results, achieving a GAAP net income of $0.05 per common share and earnings available for distribution of $0.66 per share. The company delivered a 4.9% economic return in Q3 and 10.5% year-to-date. The total portfolio reached $81.8 billion, including $72.5 billion in Agency portfolio. Book value per common share increased to $19.54, while GAAP leverage decreased to 6.9x from 7.1x. The company declared a quarterly dividend of $0.65 per share and raised $1.2 billion in accretive common equity.
Annaly Capital Management, Inc. (NYSE:NLY) has announced the dates for its Third Quarter 2024 Financial Results release and conference call. The company will release its financial results for the quarter ended September 30, 2024 after market close on Wednesday, October 23, 2024. A conference call and audio webcast to discuss the results will be held on Thursday, October 24, 2024 at 9:00 a.m. Eastern Time.
Participants are encouraged to pre-register for the conference call to receive a unique PIN for immediate access. Pre-registration can be completed through the company's website or a provided link. Those who haven't pre-registered can join by dialing the provided numbers on the day of the event. A replay of the call will be available for one week following the conference.
Rocket Mortgage and Annaly Capital Management, Inc. (NYSE: NLY) have entered into a strategic subservicing agreement. Under this relationship, Rocket will manage servicing and recapture activities for a portion of Annaly's mortgage servicing rights (MSR). Rocket Mortgage, known for its award-winning client experience, has ranked highest in J.D. Power's mortgage servicer study for 10 years.
Rocket's servicing portfolio includes $534.6 billion or 2.6 million loans as of June 30, 2024. The company's AI-driven tools have improved client satisfaction and operational efficiency. Annaly, with nearly $75 billion in assets, has a high-quality MSR portfolio of approximately 608,000 loans, totaling $192 billion in unpaid principal balance. Rocket is expected to begin servicing loans for Annaly as early as December 2024.
Annaly Capital Management (NYSE: NLY) has announced its third quarter 2024 common stock dividend. The Board of Directors declared a cash dividend of $0.65 per common share, maintaining the company's commitment to shareholder returns. This dividend will be payable on October 31, 2024, to shareholders of record as of September 30, 2024. The ex-dividend date is also set for September 30, 2024. This announcement demonstrates Annaly's continued focus on providing regular income to its investors, which is particularly significant for a real estate investment trust (REIT) like Annaly.
Annaly Capital Management (NLY) has announced preferred dividends for Q3 2024. The Board declared cash dividends for three series of preferred stock:
- Series F: $0.661636 per share (10.58617% rate)
- Series G: $0.623886 per share (9.76517% rate)
- Series I: $0.676083 per share (10.58217% rate)
All dividends are payable on September 30, 2024, to shareholders of record as of September 2, 2024. The rates are based on three-month CME Term SOFR plus specific spreads for each series.
Annaly Capital Management (NYSE: NLY) reported its Q2 2024 financial results. Key highlights include:
- GAAP net loss of $0.09 per share
- Earnings available for distribution (EAD) of $0.68 per share
- Economic return of 0.9% for Q2 and 5.7% for H1 2024
- Book value per share of $19.25
- GAAP leverage of 7.1x, up from 6.7x in Q1
- Declared quarterly dividend of $0.65 per share
The company maintained a total portfolio of $74.8 billion, with a focus on Agency MBS. Annaly's residential credit and MSR portfolios also saw growth. Despite modest Agency MBS spread widening, Annaly produced a positive economic return, supported by its diversified strategy and balanced approach.
Annaly Capital Management (NYSE:NLY) announced it will release second quarter 2024 financial results after market close on July 24, 2024. The company will host a conference call and webcast to discuss these results on July 25, 2024, at 9:00 a.m. Eastern Time. Pre-registration for the call is encouraged for quick access, with details available on Annaly's website. A webcast replay will be available for one week following the call. For more information, visit www.annaly.com.
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