Annaly Capital Management (NLY) Stock
Major mortgage investor buying home loans for income. Here's the price, business snapshot, and what's worth knowing about Annaly Capital Management in October 2026.
Annaly Capital Management (NLY) is one of the largest mortgage real estate investment trusts (mREITs), with a market capitalisation of about $13.5 billion. The firm invests primarily in agency mortgage‑backed securities (MBS), as well as other mortgage‑related assets and secured financing arrangements. Annaly aims to generate returns by earning a spread between interest income on its portfolio and its funding costs, often using leverage and short‑term repurchase agreements to enhance yield. Performance is driven by mortgage rates, the yield curve, prepayment speeds and financing conditions; management may shift allocations between agency and non‑agency holdings to navigate market cycles. The stock is typically considered by investors seeking income, though dividends can fluctuate with net interest margins and market stress. Key risks include interest‑rate sensitivity, prepayment and extension risk, credit and liquidity pressures, and regulatory or tax changes. This is general educational information, not personalised investment advice; capital is at risk and values can fall as well as rise.
Annaly Capital Management (NLY) Stock Forecast
Analyst price target, next 12 months
$21.01
+14.8% vs today's $18.31
Price range over the last 12 months
Close to its 12-month low
Analysts covering Annaly Capital Management have a consensus 12-month target of $21.01, above the current price of $18.31.
Analyst targets are opinions, not guarantees. Capital at risk. Data as of 28 Oct 2026.
Source: Analyst sentiment is provided by Refinitiv Ltd, a global leader in financial market data with over 40k business clients. Refinitiv Ltd is an independent third party to Nemo. This is not advice.
Sixth Month Growth Performance
Stock Performance Snapshot
Analyst Rating
Analysts recommend buying Annaly Capital Management's stock, expecting it to reach a higher price soon.
Financial Health
Annaly Capital Management is generating solid revenue and cash flow, indicating a strong financial position.
Dividend
Annaly Capital Management's high dividend yield of 15.8% indicates strong returns for investors seeking income. If you invested $1000 you would be paid $158 a year in dividends (based on the last 12 months).
Why You’ll Want to Watch This Stock
Income‑focused model
Annaly’s strategy centres on earning a spread between asset yields and funding costs, often using leverage to enhance income — though dividends can vary with market conditions.
Rate sensitivity
Mortgage rates, the yield curve and prepayment behaviour drive performance; rate moves can materially affect earnings and share value, so outcomes are uncertain.
Scale and financing
Large scale and access to secured financing are strengths, but reliance on short‑term funding can create liquidity pressure in stressed markets.
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