Annaly Capital Management, Inc., a diversified capital manager, engages in mortgage finance. 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 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. The company was incorporated in 1996 and is based in New York, New York.
Market Dynamics | Explore how Annaly Capital Management navigates the complex landscape of Agency MREITs amid shifting interest rates and evolving market conditions |
Financial Outlook | Analyst projections for Annaly's earnings available for distribution (EAD) reveal modest adjustments, with estimates of $2.61 per share for 2024 and $2.74 for 2025 |
Valuation Insights | Delve into Annaly's market position, with analyst price targets ranging from $20 to $23.50, and a current price-to-book ratio of 1.02 indicating balanced investor sentiment |
Strategic Challenges | Uncover the risks and opportunities facing Annaly, including interest rate sensitivity, regulatory changes, and potential growth avenues in the current economic environment |
Metrics to compare | NLY | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipNLYPeersSector | |
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P/E Ratio | −293.4x | 3.3x | 8.9x | |
PEG Ratio | −2.98 | 0.09 | 0.03 | |
Price/Book | 1.0x | 0.6x | 1.0x | |
Price / LTM Sales | 29.3x | 4.4x | 2.8x | |
Upside (Analyst Target) | 8.7% | 16.9% | 13.8% | |
Fair Value Upside | Unlock | 5.5% | 2.0% | Unlock |