NLY

Annaly Capital ManagementC

NYSE / Financial Services

At close

2026-06-02

Current thesis

The bull case is that Annaly entered 2026 with visible scale and momentum across Agency, Residential Credit, and MSR, while fourth-quarter 2025 EAD of $0.74 per share covered the $0.70 dividend and management highlighted a constructive operating environment entering 2026. If Q1 2026 shows stable or rising book value with continued dividend coverage, the stock could re-rate closer to the packet's median target near $24.45 and potentially beyond.

Posture

Mixed

Lead driver

Value

What changed

Value remains the lead driver in the composite, 7D delta -0.1.

What can break

Dividend coverage weakening if EAD slips below the current $0.70 quarterly common payout

Momentum

Value

Sentiment

Setup hits (3d)

0 · Net Neutral

AI TargetsBase $23.00 · Bull $25.50 · Bear $19.50

Data freshness

Prices

As of 2026-06-02

Fundamentals

As of 2026-06-01 • Vendor: Data Vendor v1

Scores

As of 2026-06-02 • Model: HYBRID_IC_RP

AI Memo

As of 2026-04-21 • Model: RankAlpha Sentiment Codex

Investment thesis

As of 2026-06-02

Supporting evidence

What

Grade C · Mixed

Confidence Medium · Net Neutral

Target $24.45

Why

Momentum41 · Δ7d -6.8

Value61 · Δ7d -0.1

Sentiment57 · Δ7d +2.8

So what

Balanced signals (Net Neutral). Wait for confirmation before sizing up.

Lead driver: Value · See fundamentals

Momentum

34% active weight

Current posture

7d trendSoftening

Δ7d

-6.8

Δ21d

-14.8

Value

32% active weight

Current posture

7d trendFlat

Δ7d

-0.1

Δ21d

+0.2

Sentiment

33% active weight

Current posture

7d trendImproving

Δ7d

+2.8

Δ21d

+12.4

Why this grade

Composite grade C. Momentum 41.5 / Value 61.0 / Sentiment 57.0

Fundamentals (TTM)

As of 2026-06-01

Market Cap

$15.76B

Beta

1.30

Shares Out

683.03M

P/E (TTM)

10.5

P/S (TTM)

2.42

P/FCF (TTM)

69.28

Rev YoY

+59.9%

EPS YoY

+2404.9%

Gross Margin

+26.7%

Op Margin

+23.7%

Net Debt

$88.12B

Current Ratio

As of 2026-06-02 • Updated nightlySource: Internal modelMethodology