NLY

Annaly Capital ManagementB

NYSE / Financial Services

At close

2026-07-18

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

Constructive

Lead driver

Value

What changed

Next scheduled catalyst: earnings 2026-07-21 · AMC.

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

Earnings

2026-07-21 · AMC

Data freshness

Prices

As of 2026-07-18

Fundamentals

As of 2026-07-17 • Vendor: Data Vendor v1

Scores

As of 2026-07-18 • Model: HYBRID_IC_RP

AI Memo

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

Investment thesis

As of 2026-07-18

Supporting evidence

What

Grade B · Constructive

Confidence Medium · Net Neutral

Target $24.27

Why

Momentum60 · Δ7d +1.7

Value62 · Δ7d -0.1

Sentiment52 · Δ7d -3.9

So what

Strength-led posture (Net Neutral). Favor watchlist adds and disciplined entries.

Lead driver: Value · See fundamentals

Momentum

26% active weight

Current posture

7d trendFlat

Δ7d

+1.7

Δ21d

+5.1

Value

39% active weight

Current posture

7d trendFlat

Δ7d

-0.1

Δ21d

+0.8

Sentiment

34% active weight

Current posture

7d trendSoftening

Δ7d

-3.9

Δ21d

-2.0

Why this grade

Composite grade B. Momentum 59.9 / Value 61.8 / Sentiment 51.8

Fundamentals (TTM)

As of 2026-07-17

Market Cap

$16.86B

Beta

1.30

Shares Out

732.78M

P/E (TTM)

10.5

P/S (TTM)

2.42

P/FCF (TTM)

69.28

Rev YoY

+27.9%

EPS YoY

+125.7%

Gross Margin

+99.7%

Op Margin

+23.7%

Net Debt

$114.18B

Current Ratio

0.04

As of 2026-07-18 • Updated nightlySource: Internal modelMethodology