NLY

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Annaly Capital Management (NLY), which belongs to the Zacks REIT and Equity Trust industry. When looking at the last two reports, this real estate investment trust has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 2.74%, on average, in the last two quarters. For the most recent quarter, Annaly was expected to post earnings of $0.74 per share, but it reported $0.76 per share instead, representing a surprise of 2.70%. For the previous quarter, the consensus estimate was $0.72 per share, while it actually produced $0.74 per share, a surprise of 2.78%. For Annaly, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Annaly has an Earnings ESP of +1.01% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #2 (Buy), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on July 21, 2026. With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss. Many companies end up beating the consensus EPS estimate, but that...

NEW YORK, June 30, 2026--(BUSINESS WIRE)--Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") announced today that it will release its financial results for the quarter ended June 30, 2026 after the market close on Tuesday, July 21, 2026. The Company will conduct a conference call and audio webcast to discuss the results on Wednesday, July 22, 2026 at 9:00 a.m. Eastern Time. Participants are encouraged to pre-register for the conference call to receive a unique PIN to gain immediate access to the call and bypass the live operator. Pre-registration may be completed by accessing the Pre-Registration link found on the "Investors" section of the Company’s website at www.annaly.com, or by using the following link: https://registrations.events/direct/IDX71212727. Pre-registration may be completed at any time, including up to and after the call start time. Participants who would like to join the call but have not pre-registered can do so on the day of the event by dialing the numbers provided below and requesting the "Annaly Capital Management Call." A replay of the call will be available for one week following the conference call. If you would like to be added to the e-mail distribution list, please visit www.annaly.com, click on News & Insights, then click on Subscribe and complete the email notification form. About Annaly Annaly is a leading diversified capital manager with investment strategies across mortgage finance. Annaly’s principal business objective is to generate net income for distribution to its stockholders and to optimize its returns through prudent management of its diversified investment strategies. Annaly is internally managed and has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. Additional information on the company can be found at www.annaly.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260630367129/en/ Contacts Annaly Capital Management, Inc.Investor Relations1-888-8Annalywww.annaly.com

NEW YORK, June 10, 2026--(BUSINESS WIRE)--The Board of Directors of Annaly Capital Management, Inc. (NYSE: NLY) ("Annaly" or the "Company") increased the second quarter 2026 common stock cash dividend to $0.75 per common share. This dividend is payable July 31, 2026, to common shareholders of record on June 30, 2026. The ex-dividend date is June 30, 2026. "We are pleased to announce an increase in our common stock dividend from $0.70 to $0.75 per share, underscoring the strong performance of Annaly’s diversified housing finance portfolio and our focus on driving shareholder value," remarked David Finkelstein, Chief Executive Officer & Co-Chief Investment Officer. "Our platform continues to deliver durable cash flows and superior risk-adjusted returns, enabled by our disciplined portfolio construction, proactive hedging and prudent capital structure." About Annaly Annaly is a leading diversified capital manager with investment strategies across mortgage finance. Annaly’s principal business objective is to generate net income for distribution to its stockholders and to optimize its returns through prudent management of its diversified investment strategies. Annaly is internally managed and has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. Additional information on the company can be found at www.annaly.com. Forward-Looking Statements This news release and our public documents to which we refer contain or incorporate by reference certain forward-looking statements which are based on various assumptions (some of which are beyond our control) and may be identified by reference to a future period or periods or by the use of forward-looking terminology, such as "may," "will," "should," "estimate," "project," "believe," "expect," "anticipate," "continue," or similar terms or variations on those terms or the negative of those terms. Actual results could differ materially from those set forth in forward-looking statements due to a variety of factors, including, but not limited to, changes in interest rates; changes in the yield curve; changes in prepayment rates; the availability of mortgage-backed securities and other securities for purchase; the availability of financing and, if available, the terms of any financing; changes in the market value of our assets; changes in business conditions and the general economy; o...

A month has gone by since the last earnings report for Annaly Capital Management (NLY). Shares have lost about 4.7% in that time frame, underperforming the S&P 500. But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Annaly due for a breakout? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent drivers for Annaly Capital Management Inc before we dive into how investors and analysts have reacted as of late. Annaly reported first-quarter 2026 earnings available for distribution per average share of 76 cents, which beat the Zacks Consensus Estimate of 74 cents. The figure increased from 72 cents in the year-ago quarter. The company’s net interest income and net interest margin improved year over year in the reported quarter. Notably, the year-over-year increase in book value per common share was also encouraging. However, a lower economic capital ratio was concerning. Net income available to common stockholders was $242 million compared with $87.1 million in the year-ago period. Net interest income was $452.7 million in the reported quarter, which lagged the Zacks Consensus Estimate by 8.4%. In the prior-year quarter, the company reported NII of $220 million. Net interest spread (excluding PAA) of 1.42% in the first quarter increased from 1.35% in the prior-year quarter. Annaly’s BVPS was $19.82 as of March 31, 2026, up from $19.02 in the prior-year quarter. At the end of the reported quarter, the company’s economic capital ratio was 14.7%, down from 14.8% in the prior-year quarter. In the first quarter, the weighted average actual constant prepayment rate was 10.2%, up from 7.1% in the year-ago quarter. Annaly generated an annualized EAD return on average equity of 14.58% in the first quarter, which increased from the prior-year quarter’s 14.43%. Annaly’s total portfolio was $106.7 billion in the quarter, including a $92.2-billion Agency portfolio. The Residential Credit portfolio increased 30% to $10.3 billion, while the MSR portfolio increased 9% to $4.2 billion. Annaly maintained a disciplined leverage profile in the quarter, with GAAP leverage at 7.3X and economic leverage at 5.7X, both modestly higher than the prior quarter’s levels. The company also reported total stockholders’ equity of $16.3 billion as of the quarter-e...

Download the Complete Report Here Key Takeaways: EAD beat expectations at $0.14/share versus $0.12 consensus, improving from $0.11 in 4Q25. Book value declined 6.1% sequentially to $3.23 as geopolitical volatility widened mortgage spreads, though April BVPS rebounded nearly 2%. NII improved 38.8% q/q to $4.5 million, supported by lower repo costs, improved dollar roll income, and 2.90% RMBS spread. MSR/RMBS portfolio remained resilient, with low prepayments and improved RMBS carry supporting core earnings despite spread volatility. Shares remain attractively valued at 4.7x NTM EAD, 0.8x P/B, and 15.4% dividend yield despite stronger core earnings coverage. Resilient core earnings beat expectations despite a volatile macro backdrop, with stronger EAD offsetting book value pressure. CHMI reported EAD attributable to common shareholders of $5.3 million, or $0.14/share, in 1Q26, ahead of Street estimates of $0.12/share and up from $3.9 million, or $0.11/share, in 4Q25. The stronger EAD performance reflected improved NII, lower funding costs, and better dollar roll income, allowing CHMI to cover the $0.10/share common dividend by approximately 1.4x versus 1.1x in the prior quarter. GAAP results were weaker due to mark-to-market pressure, with net loss applicable to common shareholders of $2.0 million versus net income applicable to common shareholders of $5.3 million in 4Q25. The GAAP decline was primarily driven by mark-to-market pressure, reflecting a $12.4 million unrealized loss on RMBS measured at fair value through earnings and a $1.4 million unrealized loss on investments in Servicing Related Assets, partially offset by a $6.1 million unrealized gain on derivatives. Book value per common share declined to $3.23 from $3.44, down 6.1% sequentially, while NAV including preferred stock declined $7.9 million, or 3.3%, compared with December 31. We view 1Q26 as a volatility-driven quarter rather than an operating deterioration. Management highlighted that the quarter turned abruptly in March after geopolitical escalation triggered higher oil and gas prices, higher inflation expectations, lower rate-cut expectations, wider mortgage spreads, and a flatter yield curve. CHMI entered the quarter with an environment that looked similar to late 2025, including relative stability and January spread tightening, but February and March reversed that setup as volatility ros...

Shares of Starwood Property Trust, Inc. STWD lost nearly 1.7% in Friday’s trading session on lower-than-expected quarterly results. The company reported first-quarter 2026 distributable earnings of 39 cents per share, which missed the Zacks Consensus Estimate of 42 cents. The reported figure also compares unfavorably with 45 cents per share in the year-ago quarter. Results were primarily affected by a decrease in book value per share (BVPS) and an increase in expenses. Nevertheless, a year-over-year rise in revenues supported the results to some extent. The company’s first-quarter 2026 net income (GAAP basis) was $51.9 million, which declined 53.7% year over year. STWD’s total revenues were $512.4 million, up 22.5% year over year. Also, the top line surpassed the Zacks Consensus Estimate by 6.6%. Total costs and expenses were $480.3 million, up 25% from the prior-year quarter. The increase was primarily driven by higher interest expense, general and administrative costs, rental operations costs and depreciation and amortization. Starwood Property’s BVPS (GAAP basis) was $17.98 as of March 31, 2026, down 4.7% from $18.87 in the prior-year quarter. The company recorded fundings of $2.3 billion, which increased from $2 billion in the prior-year quarter. As of March 31, 2026, cash and cash equivalents were $290.3 million, down 41.9% from the prior quarter. Loans held for sale totaled $2.3 billion, reflecting a marginal decline from the prior quarter. Starwood Property’s focus on commercial mortgage-backed securities and commercial real estate debt investments continues to provide stable income streams. Its ongoing efforts in property acquisitions and divestitures should support portfolio diversification and long-term resilience. However, the decline in BVPS, despite higher revenues, indicates near-term pressure on profitability. STARWOOD PROPERTY TRUST, INC. price-consensus-eps-surprise-chart | STARWOOD PROPERTY TRUST, INC. Quote STWD currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Annaly Capital Management, Inc. NLY reported first-quarter 2026 earnings available for distribution per average share of 76 cents, which beat the Zacks Consensus Estimate of 74 cents. The figure increased from 72 cents in the year-ago quarter. NLY’s net interest income and net interest margin improved year over...

Redwood Trust, Inc. RWT is slated to report first-quarter 2026 earnings on April 29, after market close. The company’s fourth-quarter 2025 results benefited from continued momentum across mortgage banking platforms, with higher production revenues translating directly into earnings growth. However, a decline in book value per share (BVPS) was concerning. RWT earnings outpaced the Zacks Consensus Estimate in two of the trailing four quarters and missed twice, with an average beat of 11.39%. Redwood Trust, Inc. Price and EPS Surprise Redwood Trust, Inc. price-eps-surprise | Redwood Trust, Inc. Quote The Zacks Consensus Estimate for first-quarter 2026 earnings of 28 cents per share has been unchanged over the past week. This indicates a rise from the 14 cents reported in the year-ago quarter. The Zacks Consensus Estimate for net interest income for the first quarter of 2026 is pegged at $31.5 million, indicating a jump of 13.2% from the year-ago quarter’s actual. The first quarter of 2026 was challenging for the mortgage banking business. While rates moved lower early in the quarter, they climbed again toward the end of March as macro uncertainty and geopolitical tensions pushed interest rates higher. Throughout the quarter, the mortgage rate hovered at 6-6.5%. While refinance activity has seen a slight boost from the 2025 lows, purchase volume faced pressure from inventory constraints. Given this backdrop, Redwood Trust’s mortgage banking business is likely to have been decent. The Zacks Consensus Estimate for mortgage banking activities’ net income of $56.2 million indicates a rise from the $33 million reported in the year-ago quarter. Also, the Federal Reserve kept interest rates unchanged in the first quarter. As such, given stabilizing funding costs, RWT’s net interest income (NII) is likely to have benefited. In recent months, the company has taken targeted actions to simplify its operating structure and sharpen its focus on businesses generating strong and sustainable returns. As such, the company is likely to have realized cost savings in the quarter to be reported. Our proven model conclusively predicts an earnings beat for RWT this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is exactly the case here. You can uncover the best stocks to buy or...

Annaly Capital Management, Inc. reported first-quarter 2026 net income of US$282.65 million, up from US$124.22 million a year earlier, with basic and diluted earnings per share from continuing operations rising to US$0.33 from US$0.15. Beyond the headline earnings beat, Annaly’s quarter highlighted the growing impact of its diversified housing finance platform and capital reallocation toward residential credit and mortgage-servicing-rights strategies on economic returns. Next, we’ll examine how Annaly’s earnings beat and stronger net interest income reshape the existing investment narrative for the stock. We've uncovered the 13 dividend fortresses yielding 5%+ that don't just survive market storms, but thrive in them. To own Annaly, you need to believe its diversified housing finance model, spanning agency MBS, residential credit and MSR, can keep converting spread opportunities into sustainable earnings despite interest rate and housing market uncertainty. The latest quarter’s higher net income and improved net interest income support that thesis in the near term, but do not remove the key risks around rate volatility, hedging costs and pressure on book value, which remain central to the story. The most relevant recent update is Annaly’s report of a 1.5% economic return in Q1 2026, driven by reallocating capital toward residential credit and MSR. That shift aligns with current catalysts, as management has been tilting the portfolio toward areas where it sees better risk adjusted returns while maintaining a conservative leverage profile. Together with the Q1 earnings beat and dividend coverage, this supports the idea that capital deployment choices are becoming just as important for investors as headline yield. But while earnings look better today, investors should be aware that prolonged interest rate volatility and elevated hedging costs could still... Read the full narrative on Annaly Capital Management (it's free!) Annaly Capital Management's narrative projects $2.7 billion revenue and $2.3 billion earnings by 2029. This requires 3.7% yearly revenue growth and an earnings increase of about $0.4 billion from $1.9 billion today. Uncover how Annaly Capital Management's forecasts yield a $24.00 fair value, a 5% upside to its current price. Four members of the Simply Wall St Community currently place Annaly’s fair value between US$24 and about US$43.68 per sh...

Annaly reported a 1.5% economic return in Q1 with earnings available for distribution of $0.76 per share (covering the $0.70 quarterly dividend), book value fell 1.9% to $19.82 and leverage stayed conservative at 5.7x. The company raised about $510 million via its ATM and materially shifted capital into residential credit and MSR, raising that allocation to 44% from 38% while retaining a long-term target mix of 50% agency / 30% residential credit / 20% MSR. Operational growth focused on residential credit and servicing: Annaly bought $6.7 billion of whole loans, settled $4.7 billion of OBX securitizations (12 deals YTD totaling $6.6 billion), held a $4.2 billion MSR portfolio and finished the quarter with $7.4 billion of unencumbered assets. Interested in Annaly Capital Management Inc? Here are five stocks we like better. Here's Who Wins If Trump's 50-Year Mortgages Come to Market Annaly Capital Management (NYSE:NLY) reported first-quarter 2026 results that management said reflected the benefits of its diversified housing finance platform during a period marked by shifting interest-rate expectations and increased geopolitical volatility. Chief Executive Officer and Co-Chief Investment Officer David Finkelstein said markets began the quarter with “generally muted volatility” amid a resilient economy and modest stabilization in the labor market, but conditions changed as “the war in the Middle East ruptured the calm as it introduced an energy price shock.” He said Treasury yields “sold off meaningfully in March,” led by short-term rates as investors priced higher near-term inflation, while long-term yields rose on increased term premium. → GE Vernova Beats Earnings by 790% as Data Center Demand Explodes 6 Mortgage REITS: How Badly Could Rising Rates Hurt Them? Finkelstein also noted a sharp shift in market pricing for monetary policy: markets moved to price “limited probability of any rate cuts this year,” compared with “roughly 2.5 cuts priced in at the end of February.” He said Federal Reserve officials appear best served by waiting for clearer signs that inflation pressures are receding or the labor market is weakening before cutting rates further. Finkelstein said the company generated an economic return of 1.5% for the quarter and maintained leverage “conservative at 5.7 turns.” Chief Financial Officer Serena Wolfe said book value per share fell 1.9% sequ...

Image source: The Motley Fool. Thursday, Oct. 24, 2024 at 9:00 a.m. ET Chief Executive Officer — David Finkelstein Chief Financial Officer — Serena Wolfe Chief Investment Officer — Mike Fania Chief Strategy Officer — Sean Kensil Chief Operating Officer — Ken Adler Need a quote from a Motley Fool analyst? Email [email protected] David Finkelstein: Thank you, Sean. Good morning, everyone. Thank you all for joining us for our third quarter earnings call. Today, I'll briefly review the macro and market environment along with our performance during the quarter. Then I'll provide an update on each of our three businesses. And end with our outlook. Serena will then discuss our financials, after which we'll open the call up to Q&A. Now starting with the macro landscape. Financial markets benefited from both the Federal Reserve beginning the long anticipated cutting cycle as well as the continued robust pace of growth exhibited by the U.S. economy. With respect to the Fed, as all are aware, policy rates were lower by 50 basis points in September in turn, ending 16 months of 5% plus short-term interest rates and policymakers signaled that they will continue to ease over time as current rates remain restrictive, with the pace and extent of easing dependent on economic data. Now the change in monetary policy was driven both by the labor market moving into better balance as hiring slowed over the summer as well as the continued normalization of inflation, with core PCE likely to run only slightly above 2% annualized for the third quarter. The market's pricing of additional rate cuts has led to a steeper yield curve, increasing the attractiveness of fixed income assets in agency MBS in particular. In addition, interest rate volatility declined over the quarter to the lowest level seen since the onset of the March '23 regional banking crisis though it remains meaningfully above pre-COVID average levels. Meanwhile, economic growth has been resilient with estimates for Q3 GDP roughly in line with the 3% annualized expansion in the second quarter. Now these developments have been supportive of our diversified housing model as seen in the performance we delivered in the quarter. We generated an economic return of 4.9% for Q3 and 10.5% year-to-date and our earnings available for distribution again exceeded our dividend. Economic leverage ticked down slightly to 5.7 turns, which we an...

This article first appeared on GuruFocus. Economic Return: 1.5% for the first quarter. Leverage: 5.7 times. Earnings Available for Distribution (EAD) per Share: $0.76, an increase of $0.02 from the previous quarter. Book Value per Share: Decreased by 1.9% to $19.82. Dividend: $0.70 per share. Net Interest Margin: Improved by 2 basis points to 1.71%. Net Interest Spread: Declined modestly to 1.42%. Residential Credit Portfolio: $10.3 billion in market value, representing 23% of the firm's capital. MSR Portfolio: $4.2 billion in market value, with capital allocation increased to 21% of the firm's capital. Residential Credit Securitizations: $4.7 billion issued across eight securitizations in Q1. Unencumbered Assets: $7.4 billion, including $5 billion in cash and unencumbered Agency MBS. Efficiency Ratio: Fell 2 basis points to 1.29%. Warning! GuruFocus has detected 8 Warning Signs with NLY. Is NLY fairly valued? Test your thesis with our free DCF calculator. Release Date: April 22, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Annaly Capital Management Inc (NYSE:NLY) delivered an economic return of 1.5% in the first quarter, showcasing the strength of its diversified housing finance platform. The company raised approximately $510 million of common equity through its ATM program, which was primarily deployed in residential credit and mortgage servicing rights (MSR) strategies. Annaly Capital Management Inc (NYSE:NLY) maintained a conservative leverage ratio of 5.7 times, reflecting disciplined risk management. The Residential Credit business achieved a record quarter with $4.7 billion in securitizations, surpassing $50 billion in total issuance since inception. The MSR portfolio increased to 21% of the firm's capital, with Annaly Capital Management Inc (NYSE:NLY) being the second-largest buyer of conventional MSR in the first quarter. The book value per share decreased by 1.9% from the prior quarter to $19.82, indicating some pressure on asset valuations. The geopolitical conflict in the Middle East introduced an energy price shock, potentially challenging the performance of the US economy. Higher commodity prices, particularly oil and food, risk further squeezing consumers already facing slowing income growth and affordability constraints. The bond market reacted sharply to geopolitical tensions, with...

Annaly Capital Management (NLY) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.72 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +3.05%. A quarter ago, it was expected that this real estate investment trust would post earnings of $0.72 per share when it actually produced earnings of $0.74, delivering a surprise of +2.78%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Annaly, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $452.69 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 8.36%. This compares to year-ago revenues of $219.97 million. The company has not been able to beat consensus revenue estimates over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Annaly shares have added about 1.3% since the beginning of the year versus the S&P 500's gain of 3.9%. While Annaly has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Annaly was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank...