Annaly Capital Management, Inc. (NLY) Stock: Price, Forecast & Analyst Target
Annaly Capital Management, Inc. (NLY) — MoonshotScore 51/100 (Fair band), calculated Oct 5, 2026. Price $18.39 (-0.57%), as of the Oct 5, 2026 trading session; market cap $13.9B. Expected results Oct 20, 2026.
Educational signal · not a buy or sell recommendation · How to read this
Market value / cash and short-term investments: 4.77× (market value Oct 5, 2026; cash Jun 30, 2026) · expected results Oct 20, 2026
Annaly Capital Management, Inc. · NLY · NYSE · Real Estate · REIT - Mortgage
Research dated 2026-09-13: Annaly Capital Management is a leveraged mortgage investor and lender, not a conventional landlord collecting rent from buildings. Its appeal and risk depend on whether income and gains from a broad mortgage portfolio can outrun funding costs, valuation changes, and the demands of its distribution policy. Recent profit and cash generation strengthened sharply, while leverage and uneven cash flow leave little room for a careless reading of headline earnings.
Price as of Oct 5, 2026
Key Statistics
MoonshotScore v2 · Annaly Capital Management (NLY)
FairWhy this rating? Method, drivers & history
Bands for the MoonshotScore: Exceptional 80-100 · Strong 65-79 · Fair 45-64 · Weak below 45.
- Business Quality — Is this a genuinely good business?
- Financial Safety — Could this blow up on me?
- Valuation — Am I paying a fair price?
- Growth Durability — Is the growth real and likely to last?
- Momentum — Is the market already moving on this?
Elite quality, at a cheap price, but a fragile balance sheet, and the price trend has turned against it. Business Quality: Elite; Financial Safety: Fragile; Valuation: Cheap; Growth Durability: Flat; Momentum: Falling.
- quarterly revenue $2.23B (Q2 FY2026, quarter ended Jun 2026)
- EPS beat 7 of 8
- Altman Z -0.53 · Piotroski F 5
Holding back: balance-sheet strain, weak price trend
Helping: business quality, an attractive price
What has the MoonshotScore done over time?
| Recorded | Score | Band |
|---|---|---|
| 52 | Fair | |
| 53 | Fair | |
| 53 | Fair | |
| 50 | Fair | |
| 50 | Fair | |
| 51 | Fair |
The score moved from 50 in the stored Oct 4, 2026 snapshot to 51 in the current publication computed Oct 5, 2026 (+1); the largest pillar moves were Growth Durability +11 and Momentum -1.
Calculation uses the most recent completed US trading session. Live price changes do not update the score immediately.
Computed · Educational signal · not a buy or sell recommendation · How the MoonshotScore is computed →
Price & valuation
| Measure | Value | As of |
|---|---|---|
| Latest provided price | $18.39 | |
| Change on the day | -0.57% | |
| 52-week range | $18.37 – $24.52 | |
| Market capitalisation | $13.9B | |
| Price / earnings (trailing) | 4.61 | |
| Shares traded on the day | 6.13M | |
| Beta (volatility vs the S&P 500) | 1.24 | |
| Dividends per share (last 12 months) | $2.90 | |
| Dividend yield (last 12 months) | 15.68% |
Price & events
Triangles mark reported quarters on the line: pointing up is above the recorded estimate, down is below, a diamond means no estimate on file or a dated event that is not a results report. Numbers key to the dated list. Point at or tab to any week for its close.
Events behind the price
- · Earnings results · above the recorded estimate
- · Earnings results · above the recorded estimate
- · Earnings results · above the recorded estimate
- · Earnings results · above the recorded estimate
- · Earnings call · management outlook
Results dates follow the earnings feed; call dates follow the transcript provider. Nearby dates do not establish that an event caused a price move.
Upcoming events
Management outlook
Late in the second quarter, pool valuations became more attractive as GSE demand waned, as a consequence, we expect new investments to be more balanced across TBAs and specified pools.
David Finkelstein · Statement from
Chronological order, not a duration scale. Statement dates identify the earnings call, not a deadline. Management expectations and provider estimates can change.
Read management statementsOther perspectives
Council score for Annaly Capital Management (NLY): perspectives
Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.
5-Factor Breakdown
Legends Council
6 lenses, 0 current
AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
Read on: Sep 24, 2026 · older than the 27 hours refresh window; not a current reading
Munger's Mindset
Balance Sheet & Valuation · historical
Read on: Sep 9, 2026 · older than the 27 hours refresh window; not a current reading
How to read these bars and different assessments
Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.
Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.
On Sep 9, 2026, the Munger lens read the price at that time as undervalued against its own estimate of value.
Readings on this page are from Oct 6, 2026, except a card that shows its own read date.
Watch the NLY film — every key number, told as a short cinematic story
~2 min · open the film
What is Annaly Capital Management (NLY), and what does it report?
Short answer · as of
Annaly allocates capital across Agency and non-Agency mortgage-backed securities, residential and commercial mortgage loans, mortgage servicing rights, credit-risk-transfer instruments, corporate debt, and other commercial real estate investments.
Research dated 2026-09-13.
Annaly allocates capital across Agency and non-Agency mortgage-backed securities, residential and commercial mortgage loans, mortgage servicing rights, credit-risk-transfer instruments, corporate debt, and other commercial real estate investments. It also lends to middle-market companies, making the business broader than a pure Agency mortgage portfolio.
Reported revenue and profit measure the performance of this financial asset base rather than sales from properties or tenants. The portfolio is financed with substantial debt, so asset income and valuation changes must be considered alongside financing obligations and the large investment balance.
Its REIT status shapes capital returns: Annaly can avoid federal corporate income tax when it distributes the required share of taxable earnings. That makes the dividend integral to the structure rather than an incidental use of excess cash.
What do the latest results show for Annaly Capital Management (NLY)?
Short answer · as of
The most recent reported quarter, Q2 FY2026, carried revenue of $2.23B.
Research dated 2026-09-13.
The latest period brought a strong rebound in revenue, net income, diluted earnings, and operating cash flow from the preceding period. The broader annual record also shows revenue expansion and a recovery in profit after an earlier loss, but quarterly results remain uneven enough that a smooth earnings trend would be misleading.
Earnings have repeatedly exceeded consensus, while reported revenue has alternated between sizable beats and misses. That divergence reinforces the need to judge Annaly through portfolio economics and cash generation rather than treating revenue estimates like those of an operating company.
Management said specified-pool valuations became more attractive after demand from government-sponsored enterprises weakened. New investment is therefore expected to be spread more evenly between forward Agency mortgage positions and specified pools; the valuation opportunity is management’s explanation, while the eventual earnings and cash effects remain to be demonstrated.
Where is operating spending going?
Revenue alongside research and development, selling, general and administrative expenses, and the FMP standardized operating result.
- Latest quarter · revenue
- $2.23B Jun 30, 2026
- Latest quarter · SG&A
- $58.19M Jun 30, 2026
- Latest quarter · FMP standardized operating result
- $2.16B Jun 30, 2026
| Period end | Revenue | R&D | SG&A | FMP standardized operating result |
|---|---|---|---|---|
| Jun 30, 2026 | $2.23B | Not available | $58.19M | $2.16B |
| Mar 31, 2026 | $1.63B | Not available | $0.00 | $1.56B |
| Dec 31, 2025 | $1.79B | Not available | $0.00 | $2.33B |
| Sep 30, 2025 | $1.63B | Not available | $0.00 | $2.09B |
USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow.
Did results meet expectations?
Reported earnings and revenue alongside the estimates recorded by the provider.
- Latest report · revenue
- $892.86M Jul 21, 2026
- Latest report · revenue estimate
- $639.80M Jul 21, 2026
- Latest report · revenue vs estimate
- Above estimate Jul 21, 2026
- Latest report · EPS vs estimate
- Above estimate Jul 21, 2026
| Report date | Revenue · reported | Revenue · estimate | EPS · reported | EPS · estimate |
|---|---|---|---|---|
| Jul 21, 2026 | $892.86M | $639.80M | $0.7900 | $0.7510 |
| Apr 21, 2026 | $341.56M | $595.27M | $0.7600 | $0.7450 |
| Jan 28, 2026 | $1.06B | $697.21M | $0.7400 | $0.7200 |
| Oct 22, 2025 | $2.16B | $554.93M | $0.7300 | $0.7200 |
Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined.
Quarterly income statement — 4 quarters
| Period | Revenue | Net income | EPS |
|---|---|---|---|
| Q2 FY2026 | $2.23B | $823M | $1.07 (diluted) |
| Q1 FY2026 | $1.63B | $283M | $0.33 (diluted) |
| Q4 FY2025 | $1.79B | $1.01B | $1.40 (diluted) |
| Q3 FY2025 | $1.63B | $832M | $1.20 (diluted) |
What are the financial strengths and risks for Annaly Capital Management (NLY)?
Short answer
Cash and short-term investments were $2.91B at the Jun 30, 2026 balance-sheet date. Operating cash flow was $1.62B for the quarter ended Jun 30, 2026, meaning operations generated cash. These figures do not establish a cash runway.
Research dated 2026-09-13.
Annaly has a vast investment portfolio and its cash position rose materially in the latest period, giving it more immediately available liquidity than in several recent periods. Operating cash flow also swung strongly positive after a sharp outflow.
The counterweight is a debt load that exceeds the investment balance, very low conventional liquidity ratios, and operating cash flow that has moved abruptly between inflows and outflows. Those features are central to a leveraged mortgage investor: weaker asset values, poorer financing economics, or renewed cash outflows could pressure distributable capacity even when accounting profit remains positive.
The latest declared distribution holds the recently increased payment level. Its durability is best assessed against recurring earnings, portfolio funding, and cash generation rather than the cash balance alone.
How much cash does the business generate or use?
Quarterly operating cash flow shows cash generated or used by operations.
- Latest quarter · operating cash flow
- $1.62B Jun 30, 2026
- Previous quarter · operating cash flow
- −$1.40B Mar 31, 2026
| Period end | Operating cash flow | Capital expenditure (reported) |
|---|---|---|
| Jun 30, 2026 | $1.62B | −$210.91M |
| Mar 31, 2026 | −$1.40B | −$500.87M |
| Dec 31, 2025 | $644.34M | −$172.81M |
| Sep 30, 2025 | $24.09M | −$316.29M |
Operating cash-flow bars share one scale and show magnitude; negative values mean cash used.
USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway.
What should you watch next at Annaly Capital Management (NLY)?
Short answer · as of
The next earnings report is expected on Oct 20, 2026.
Research dated 2026-09-13.
Watch the mix of new Agency investment between forward positions and specified pools. Management has identified more attractive pool valuations, so subsequent results should reveal whether that shift improves portfolio economics without adding disproportionate funding or valuation risk.
The next earnings release also needs to preserve the recent recovery in profit and positive operating cash flow. A renewed gap between earnings and cash generation would matter more than another headline earnings beat.
Cash, investments, debt, and the declared distribution should be read together. Rising liquidity alongside controlled leverage would strengthen the operating picture; shrinking liquidity or another large cash outflow would weaken it even if the dividend remains unchanged.
What management is planning
Management expectations, not completed milestones or guarantees. Selected verbatim excerpts; dates follow the transcript provider.
Late in the second quarter, pool valuations became more attractive as GSE demand waned, as a consequence, we expect new investments to be more balanced across TBAs and specified pools.
David Finkelstein ·
How does Annaly Capital Management compare with its peers?
Short answer
Annaly Capital Management's score ranks 7th of 9 in the bounded comparison shown, against 8 same-model peers. These are company scores, not expected investment returns. The set lists named competitors first, then companies in the same data-provider industry classification closest in market value; that classification is the provider's, not our judgment of business similarity.
Research dated 2026-09-13.
Compared with a narrowly focused Agency mortgage REIT, Annaly spreads capital across government-backed and privately issued mortgage securities, whole loans, servicing rights, credit-transfer instruments, corporate debt, and commercial real estate exposures. It also participates in middle-market lending.
That breadth creates more sources of return, but it also makes Annaly less reducible to a simple wager on Agency mortgage spreads. Credit performance, servicing-right values, commercial exposures, asset selection, financing conditions, and portfolio mix can all matter alongside the Agency book.
The company’s compact workforce relative to its asset base further marks it as a capital-management platform rather than a property operator. Comparisons are most useful against other leveraged mortgage investors with similar asset and funding mixes, not against rent-collecting equity REITs.
| Company | Price | Market value | Score |
|---|---|---|---|
| $5.08 Oct 5, 2026 | $881M | 78 5-pillar Oct 5, 2026 | |
| $11.02 Oct 2, 2026 | $2.73B | 72 5-pillar Oct 5, 2026 | |
| $8.79 Oct 2, 2026 | $10.1B | 60 5-pillar Oct 5, 2026 | |
| $13.59 Oct 2, 2026 | $1.58B | 60 5-pillar Oct 5, 2026 | |
| $25.04 Oct 2, 2026 | $1.04B | 58 5-pillar Oct 5, 2026 | |
| $8.62 Oct 2, 2026 | $1.09B | 52 5-pillar Oct 5, 2026 | |
| Annaly Capital Management (NLY) — this page | $18.39 | $13.9B | 51 |
| $11.59 Oct 2, 2026 | $1.45B | 37 5-pillar Oct 5, 2026 | |
| $8.71 Oct 2, 2026 | $4.86B | 32 5-pillar Oct 5, 2026 | |
| $10.90 Oct 2, 2026 | $1.84B | — Model unavailable | |
| $13.05 Oct 2, 2026 | $4.84B | — Model unavailable |
Only 5-pillar scores are ranked together. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.
The records behind this page
Analyst targets & estimates
What analysts have on file
- Price target, low to high
- $23.00 – $24.00
- Consensus target
- $23.50
- Median target
- $23.50
Consensus record · Captured .
Measured against a quoted price of $18.39 (as of Oct 5, 2026).
Insider activity
Form 4 records via FMP · Of the newest 100 records, those within the last 180 days, newest dated Aug 3, 2026
- Transactions
- 13
- Identified insiders
- 10
- Purchases
- 0
- Sales
- 3
- Other transactions
- 10
Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.
Who holds the shares?
Institutional ownership reported through 13F filings.
- Institutional ownership
- 61.4% Period end Jun 30, 2026
- Previous quarter · ownership
- 65.5% Prior to period end Jun 30, 2026
- Reporting holders
- 811 Period end Jun 30, 2026
- Previous quarter · holders
- 796 Prior to period end Jun 30, 2026
| Holders in provider snapshot | Shares |
|---|---|
| Blackrock, INC. | 87,219,586 |
| Vanguard Capital Management LLC | 32,900,428 |
| Vanguard Portfolio Management LLC | 31,250,997 |
| State Street Corp | 29,426,379 |
| Geode Capital Management, LLC | 20,823,764 |
Quarterly filings lag the period end. Holder rows are names in the provider snapshot, not a verified ranking; individual filing dates are not supplied. Related managers may appear separately, so these positions are not summed. Holder snapshot as of Jun 30, 2026.
What has been published about Annaly Capital Management (NLY)?
What Investors Ask About Annaly Capital Management (NLY) — Real Estate
Research dated 2026-09-13; the answers below are from that research, and the full attribution is under Sources. The last 2 questions are answered from this page's own dated data, not from the research.
What does Annaly own beyond Agency mortgage-backed securities?
Its portfolio extends to non-Agency mortgage securities, residential and commercial mortgage loans, mortgage servicing rights, credit-risk-transfer instruments, corporate debt, other commercial real estate investments, and middle-market lending. This breadth exposes results to more than Agency mortgage pricing and funding conditions.
How is Annaly changing its mix of forward Agency positions and specified pools?
Management expects new investment to be balanced more evenly across forward Agency mortgage positions and specified pools after pool valuations became more attractive as demand from government-sponsored enterprises weakened. Future portfolio results will show the financial effect of that allocation change.
Why is Annaly’s dividend tied closely to its REIT structure?
Annaly’s REIT tax treatment depends on distributing the required share of taxable earnings. The latest declaration maintains the recently increased payment level, although recurring earnings and cash generation remain more informative about durability than the declaration alone.
Can Annaly’s cash offset the risks of its mortgage portfolio funding?
Cash and short-term investments improved, but they remain small beside debt and total liabilities, while much of the broader liquid-looking balance is classified as long-term investments. The combination of leverage, low conventional liquidity ratios, and volatile operating cash flow means cash should be viewed as a buffer rather than an offset to funding risk.
What is the NLY stock price today?
The last price recorded on this page for Annaly Capital Management, Inc. (NLY) is $18.39, as of the Oct 5, 2026 trading session (source: Financial Modeling Prep (FMP) · quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.
What is the NLY price target?
The analyst consensus price target for Annaly Capital Management, Inc. (NLY) is $23.50 (range $23.00 to $24.00, median $23.50), per FMP data captured Oct 5, 2026. Targets are analyst opinions and change often; they are not a Stock Expert AI forecast.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Research written by Codex (gpt-5.6-sol) on 2026-09-13. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.
Sources — records for every figure on this page (81 figures)
The 81 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.
"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.
OFFICIAL — 2 facts from SEC filings and earnings calls
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
prod.outlook | Management outlook — call excerpts | David Finkelstein (Jul 22, 2026): Late in the second quarter, pool valuations became more attractive as GSE demand waned, as a consequence, we expect new investments to be more balanced across TBAs and specified pools. | OFFICIAL | Company earnings call, transcript via Financial Modeling Prep (FMP) — Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording. | |
id.hq | SEC filing business address | NEW York, NY | OFFICIAL | SEC EDGAR filer business address — The SEC filer business address. Our market-data provider separately lists "1211 Avenue of the Americas, New York City, NY, 10036, US". The FMP company description names New York City as the headquarters; this page uses the address in this row. |
FMP — 69 facts from Financial Modeling Prep endpoint families
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
earn.next | Next earnings date | Oct 20, 2026 | FMP | Financial Modeling Prep (FMP) earnings calendar — The date is our provider's estimate until the company confirms it. | |
px.last | Latest provided price | $18.39 | FMP | Financial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-05T17:14:49.449Z. | |
px.change | Change on the day | -0.57% | FMP | Financial Modeling Prep (FMP) · quote | |
px.mcap | Market capitalisation | $13.9B | FMP | Financial Modeling Prep (FMP) · quote — Date unknown Market cap record date: 2026-10-05. FMP quote timestamp: 2026-10-05T17:14:46.000Z. Captured from FMP at 2026-10-05T17:14:48.413Z. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares. | |
px.change_abs | Change on the day, in dollars | −$0.105 | FMP | Financial Modeling Prep (FMP) · quote | |
fin.q_revenue | Revenue, Q2 FY2026 | $2.23B | FMP | Financial Modeling Prep (FMP) · income statement (quarterly) | |
px.pe | Price / earnings (trailing) | 4.61 | FMP | Financial Modeling Prep (FMP) · quote | |
px.volume | Shares traded on the day | 6.13M | FMP | Financial Modeling Prep (FMP) · quote | |
px.beta | Beta | 1.24 | FMP | Financial Modeling Prep (FMP) company profile | |
id.ceo | Chief executive | David L. Finkelstein | FMP | Financial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it. | |
id.employees | Employees | 212 | FMP | Financial Modeling Prep (FMP) employee count, from the company's filing | |
fin.annual | Revenue and net result by fiscal year | 5 fiscal years, FY2021 through FY2025: FY2021 revenue $751.40M, net result $2.39B; FY2022 revenue $4.15B, net result $1.73B; FY2023 revenue $5.61B, net result −$1.64B; FY2024 revenue $6.36B, net result $1.00B; FY2025 revenue $6.70B, net result $2.03B | FMP | Financial Modeling Prep (FMP), from the company's 10-K income statements | |
fin.rev_mix | Reported revenue segments | Bank Servicing $56.80M · Interests In Mortgage Servicing Rights $7.60M | FMP | Financial Modeling Prep (FMP) revenue segmentation, from the company's 10-K | |
fin.gross_margin | Gross margin (trailing twelve months) | 99.3% | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero. | |
fin.q_table.depth.2026-06-30.revenue_k | Revenue — period end 2026-06-30 | $2.23B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-06-30.sga_k | SG&A — period end 2026-06-30 | $58.19M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-06-30.operating_result_k | FMP standardized operating result — period end 2026-06-30 | $2.16B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-03-31.revenue_k | Revenue — period end 2026-03-31 | $1.63B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-03-31.sga_k | SG&A — period end 2026-03-31 | $0.00 | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-03-31.operating_result_k | FMP standardized operating result — period end 2026-03-31 | $1.56B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-12-31.revenue_k | Revenue — period end 2025-12-31 | $1.79B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-12-31.sga_k | SG&A — period end 2025-12-31 | $0.00 | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-12-31.operating_result_k | FMP standardized operating result — period end 2025-12-31 | $2.33B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-09-30.revenue_k | Revenue — period end 2025-09-30 | $1.63B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-09-30.sga_k | SG&A — period end 2025-09-30 | $0.00 | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-09-30.operating_result_k | FMP standardized operating result — period end 2025-09-30 | $2.09B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
earn.history.depth.2026-07-21.revenue_actual | Revenue · reported — report date 2026-07-21 | $892.86M | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-07-21.revenue_estimated | Revenue · estimate — report date 2026-07-21 | $639.80M | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-07-21.eps_actual | EPS · reported — report date 2026-07-21 | $0.7900 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-07-21.eps_estimated | EPS · estimate — report date 2026-07-21 | $0.7510 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-04-21.revenue_actual | Revenue · reported — report date 2026-04-21 | $341.56M | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-04-21.revenue_estimated | Revenue · estimate — report date 2026-04-21 | $595.27M | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-04-21.eps_actual | EPS · reported — report date 2026-04-21 | $0.7600 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-04-21.eps_estimated | EPS · estimate — report date 2026-04-21 | $0.7450 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-01-28.revenue_actual | Revenue · reported — report date 2026-01-28 | $1.06B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-01-28.revenue_estimated | Revenue · estimate — report date 2026-01-28 | $697.21M | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-01-28.eps_actual | EPS · reported — report date 2026-01-28 | $0.7400 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-01-28.eps_estimated | EPS · estimate — report date 2026-01-28 | $0.7200 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-10-22.revenue_actual | Revenue · reported — report date 2025-10-22 | $2.16B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-10-22.revenue_estimated | Revenue · estimate — report date 2025-10-22 | $554.93M | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-10-22.eps_actual | EPS · reported — report date 2025-10-22 | $0.7300 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-10-22.eps_estimated | EPS · estimate — report date 2025-10-22 | $0.7200 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
fin.q_table | Quarterly income statement | 4 quarters through Q2 FY2026 | FMP | Financial Modeling Prep (FMP) · income statement (quarterly), as filed | |
fin.cash_investments | Cash and short-term investments | $2.91B | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. | |
fin.opcf_latest | Latest-quarter operating cash flow | $1.62B | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Period end: 2026-06-30. Negative operating cash flow means cash used. This figure is not a cash-runway estimate. | |
fin.long_term_investments | Long-term investments (classification unverified) | $89.52B | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | |
fin.total_debt | Total debt | $124.94B | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | |
fin.price_to_book | Price to book value | 0.80× | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero. | |
fin.opcf.depth.2026-06-30.operating_cash_flow_m | Operating cash flow — period end 2026-06-30 | $1.62B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-03-31.operating_cash_flow_m | Operating cash flow — period end 2026-03-31 | −$1.40B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-06-30.capex_m | Capital expenditure (reported) — period end 2026-06-30 | −$210.91M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-03-31.capex_m | Capital expenditure (reported) — period end 2026-03-31 | −$500.87M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-12-31.operating_cash_flow_m | Operating cash flow — period end 2025-12-31 | $644.34M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-12-31.capex_m | Capital expenditure (reported) — period end 2025-12-31 | −$172.81M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-09-30.operating_cash_flow_m | Operating cash flow — period end 2025-09-30 | $24.09M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-09-30.capex_m | Capital expenditure (reported) — period end 2025-09-30 | −$316.29M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
earn.pt_range | Analyst price target, low to high | $23.00 – $24.00 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied | |
earn.pt_consensus | Consensus analyst price target | $23.50 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied | |
earn.pt_median | Median analyst price target | $23.50 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied | |
own.insiders | Insider transactions via FMP | 13 transactions · 0 purchases, 3 sales, 10 other transactions · 10 identified insiders · of the newest 100 records, those within the last 180 days, newest dated Aug 3, 2026 | FMP | Financial Modeling Prep (FMP), carrying Form 4 transaction records — Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent. | |
own.institutions.depth.ownership_pct | Institutional ownership | 61.4% | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026 | |
own.institutions.depth.ownership_pct_previous_quarter | Previous quarter · ownership | 65.5% | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026 | |
own.institutions.depth.holders | Reporting holders | 811 | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026 | |
own.institutions.depth.holders_previous_quarter | Previous quarter · holders | 796 | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026 | |
own.top_holders.depth.holder_0.shares | Blackrock, INC. — shares in provider snapshot | 87,219,586 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_1.shares | Vanguard Capital Management LLC — shares in provider snapshot | 32,900,428 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_2.shares | Vanguard Portfolio Management LLC — shares in provider snapshot | 31,250,997 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_3.shares | State Street Corp — shares in provider snapshot | 29,426,379 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_4.shares | Geode Capital Management, LLC — shares in provider snapshot | 20,823,764 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. |
UNRECORDED — 3 facts from stored observations whose source was not recorded
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
earn.history | Reported versus estimated, recent quarters | EPS beat 7 of 8 | UNRECORDED | Stored earnings-history observation — Captured 2026-10-04 | |
fin.scores | Distress and quality screens | Altman Z -0.53 · Piotroski F 5 | UNRECORDED | Stored financial-scores observation — Captured 2026-10-03 · Expired observation | |
px.range52 | 52-week range | $18.37 – $24.52 | UNRECORDED | Stored company-profile observation — Captured 2026-10-04 |
COMPUTED — 5 facts from our arithmetic, formula restated
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
fin.mcap_to_cash | Market value per dollar of cash and short-term investments | 4.77× | — | COMPUTED | Computed on this page from the figures above — The market capitalisation printed on this page divided by cash and short-term investments of $2.91B at Jun 30, 2026. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. Market cap record date: 2026-10-05. Balance-sheet reference date: 2026-06-30. The inputs do not establish a single common source date for this ratio. |
div.ttm_per_share | Dividends per share, last 12 months (split-adjusted) | $2.90 | COMPUTED | Financial Modeling Prep (FMP) split-adjusted dividend history — Sum of 4 split-adjusted declared dividends with an ex-date in the 365 days to 2026-10-05, per current share. Ex-dates are not payment dates; special dividends are included. Not a declared annual rate. | |
div.ttm_yield | Dividend yield, last 12 months | 15.68% | COMPUTED | Financial Modeling Prep (FMP) split-adjusted dividend history and quote — Split-adjusted dividends with ex-dates in the trailing 365-day window divided by the packet price, on the same current-share basis. Price date follows the quote, latest price bar or packet-build day when unstamped. Not a forecast or declared annual rate. | |
earn.history.depth.2026-07-21.revenue_actual.comparison | Latest report · revenue vs estimate | Above estimate | Report date · | COMPUTED | Computed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported revenue ($892.86M) with the recorded estimate ($639.80M) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns. |
earn.history.depth.2026-07-21.eps_actual.comparison | Latest report · EPS vs estimate | Above estimate | Report date · | COMPUTED | Computed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported EPS ($0.7900) with the recorded estimate ($0.7510) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns. |
OURS — 2 facts from Stock Expert AI's own score and rank
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
ours.moonshot | MoonshotScore v2 | 51 of 100 · Fair · pillars 96 / 16 / 87 / 42 / 9 | OURS | Stock Expert AI MoonshotScore v2 engine | |
ours.moonshot_change | MoonshotScore movement | 50 (stored snapshot Oct 4, 2026) → 51 (current publication computed Oct 5, 2026) (+1) | OURS | Stock Expert AI current score publication and immutable score snapshots |
Fact-family notes
- Quarterly statement note. Source series as of 2026-06-30. USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow. Applies to Fact IDs:
fin.q_table.depth.2026-06-30.revenue_k,fin.q_table.depth.2026-06-30.sga_k,fin.q_table.depth.2026-06-30.operating_result_k,fin.q_table.depth.2026-03-31.revenue_k,fin.q_table.depth.2026-03-31.sga_k,fin.q_table.depth.2026-03-31.operating_result_k,fin.q_table.depth.2025-12-31.revenue_k,fin.q_table.depth.2025-12-31.sga_k,fin.q_table.depth.2025-12-31.operating_result_k,fin.q_table.depth.2025-09-30.revenue_k,fin.q_table.depth.2025-09-30.sga_k,fin.q_table.depth.2025-09-30.operating_result_k. - Earnings-history note. Source series as of 2026-07-21. Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined. Applies to Fact IDs:
earn.history.depth.2026-07-21.revenue_actual,earn.history.depth.2026-07-21.revenue_estimated,earn.history.depth.2026-07-21.revenue_actual.comparison,earn.history.depth.2026-07-21.eps_actual.comparison,earn.history.depth.2026-07-21.eps_actual,earn.history.depth.2026-07-21.eps_estimated,earn.history.depth.2026-04-21.revenue_actual,earn.history.depth.2026-04-21.revenue_estimated,earn.history.depth.2026-04-21.eps_actual,earn.history.depth.2026-04-21.eps_estimated,earn.history.depth.2026-01-28.revenue_actual,earn.history.depth.2026-01-28.revenue_estimated,earn.history.depth.2026-01-28.eps_actual,earn.history.depth.2026-01-28.eps_estimated,earn.history.depth.2025-10-22.revenue_actual,earn.history.depth.2025-10-22.revenue_estimated,earn.history.depth.2025-10-22.eps_actual,earn.history.depth.2025-10-22.eps_estimated. - Cash-flow note. Source series as of 2026-06-30. USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway. Applies to Fact IDs:
fin.opcf.depth.2026-06-30.operating_cash_flow_m,fin.opcf.depth.2026-03-31.operating_cash_flow_m,fin.opcf.depth.2026-06-30.capex_m,fin.opcf.depth.2026-03-31.capex_m,fin.opcf.depth.2025-12-31.operating_cash_flow_m,fin.opcf.depth.2025-12-31.capex_m,fin.opcf.depth.2025-09-30.operating_cash_flow_m,fin.opcf.depth.2025-09-30.capex_m.
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Sources used for research written 2026-09-13
Historical evidence preserved with this analysis. Current figures are listed separately above.
| Evidence | Captured value | Source date | Source type | Source |
|---|---|---|---|---|
| Business description | Annaly Capital Management, Inc. (NLY) operates as a multifaceted financial firm, specializing in managing capital across various sectors. Its core business encompasses mortgage-related investments and lending to middle-market corporations. NLY strategically deploys capital across a diverse range of assets, including government-sponsored (Agency) and privately-issued (non-Agency) mortgage-backed securities, residential and commercial mortgage loans, mortgage servicing rights, credit risk transfer instruments, corporate debt, and other commercial real estate investments. Operating as a Real Estate Investment Trust (REIT), Annaly benefits from a particular tax structure. This designation exempts it from federal corporate income tax, provided it distributes the majority of its taxable earnings to its investors. Established in 1996, the firm's corporate headquarters are located in New York City. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) company profile |
| Sector / industry (provider taxonomy) | Real Estate / REIT - Mortgage The company's SEC filings classify it under SIC 6798 — Real Estate Investment Trusts. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) company profile |
| Quarterly income statement (USD thousands) | Captured record · 8 entries
| 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements |
| Operating cash flow by quarter (USD millions) | Captured record · 8 entries
| 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements |
| Cash, investments and debt | Total debt: $124.94B; Liquidity basis: cash and short-term investments; Total liabilities: $126.76B; Cash and short-term investments: $2.91B; Cash and investments: $92.43B; Long-term investments: $89.52B; Long-term investments classification: unclassified Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's balance sheet |
| Trailing twelve-month ratio set | Quick ratio: 0.04; Current ratio: 0.04; Debt to equity: 7.38; Net margin: 40.5%; Gross margin: 99.3%; Operating margin: 111.8%; Return on assets: 2.1%; Return on equity: 18.4% Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. A ratio our provider could not compute is absent rather than shown as zero. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm |
| Recent dividends paid | Captured record · 4 entries
Declared amounts per share on their ex-dates. A single payment does not establish an annual rate, and a special dividend is not separated here. | 2026-06-30 | FMP | Financial Modeling Prep (FMP) dividend history |
| Cash and investment components | Total basis: cash short and long-term investments; Total: $92.43B; Cash and short-term investments: $2.91B; Long-term investments: $89.52B; Long-term investments classification: unclassified Sums the balance sheet's cash and short-term investments with its long-term investments.; The long-term investment field does not establish marketability; the sum is not a measure of available liquidity.; These provider fields do not establish investment access restrictions or explain differences from third-party cash figures. | 2026-06-30 | COMPUTED | Computed from the balance sheet |
| Annual revenue and net result (USD millions) | Captured record · 5 entries
| 2025-12-31 | FMP | Financial Modeling Prep (FMP), from the company's 10-K income statements |
| Reported versus estimated, last 8 quarters | Captured record · 8 entries
| 2026-07-21 | FMP | Financial Modeling Prep (FMP) earnings |
| Management outlook — dated call excerpts | Captured record · 1 entry
Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording. | 2026-07-22 | OFFICIAL | Company earnings call, transcript via Financial Modeling Prep (FMP) |
| Most recent periodic reports | 2026-07-29 | OFFICIAL | SEC EDGAR filer submissions | |
| Cash and short-term investments over time (USD millions) | Captured record · 8 entries
| 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's quarterly balance sheets |
| Next scheduled dividend | Ex date: 2026-09-30; Declared on: 2026-09-09; Record date: 2026-09-30; Payment date: 2026-10-30; Amount per share: $0.75 Amount is per share as declared, before any withholding. Owning the share before the ex-date is what carries entitlement. | 2026-09-09 | FMP | Financial Modeling Prep (FMP) dividend calendar |
| Next earnings report | Date: 2026-10-28; EPS estimate: $0.78 per share; Revenue estimate: $631.60M The date is our provider's estimate until the company confirms it. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) earnings calendar |
| Employees | Count: 212 | 2025-12-31 | FMP | Financial Modeling Prep (FMP) employee count, from the company's filing |
| Revenue by segment | Bank Servicing: $56.80M; Interests In Mortgage Servicing Rights: $7.60M | 2021-12-31 | FMP | Financial Modeling Prep (FMP) revenue segmentation, from the company's 10-K |
Data provided for informational purposes only.
ETFs that hold NLY
Funds in our ETF coverage that list NLY among the top 10 holdings on their fund page, largest weight first. Each weight is the fund's reported holding weight as of the date in its row.
| ETF | Weight | Holdings as of |
|---|---|---|
| iShares Mortgage Real Estate ETF (REM) | 22.95% | |
| WisdomTree Private Credit & Alternative Income Fund (HYIN) | 3.52% | |
| State Street SPDR S&P 400 Mid Cap Value ETF (MDYV) | 0.96% |