Overview
Annaly Capital Management, Inc. is a U.S.-based diversified capital manager that primarily operates in the real estate sector. Since its inception in 1997, the company has played a crucial role in providing capital to residential and commercial assets. Annaly primarily engages in mortgage-backed securities and operates as a real estate investment trust (REIT), which allows for substantial tax benefits as long as significant income is distributed to shareholders. The firm's key business strategy involves active portfolio management, securing long-term financing, and employing hedging techniques to manage risks associated with interest rate fluctuations. Annaly Capital Management is distinguished by its focus on high credit quality assets and its capability to adjust its asset composition according to macroeconomic conditions.
Basic Stats
The share price of Annaly Capital Management, Inc. as of September 5, 2025 is $22.09 / share. This is an increase of 4.25% from the prior week. The market cap (or net worth) of Annaly Capital Management, Inc. as of September 5, 2025 is $14,177.04 MM.
The Factor Analysis chart (below right) shows a view of Annaly Capital Management, Inc. from a variety of lenses. Each factor shows how well the company ranks against all other companies in the Fintel global investing universe. Factor scores range from zero to 100, with 100 being most desirable, and 50 being average.
For example, a company with a Value Score of 100 would be the most undervalued company in our database. A company with a Value Score of zero would be the most overvalued.
| Market Cap | 14,177.04 MM |
| EV | 109,932.52 MM |
| Shares Out. | 642.08 MM |
| Earnings Date | |
| EPS (TTM) | 1.14 |
| Dividend Yield | 11.78 % |
| Ex-Dividend Date | 2025-06-30 |
| Borrow Rate | 0.29 |
| Short Shares Avail. | 10.00 MM |
| Short Interest | 11.86 MM |
| Short Float | 1.85 % |
| Days to Cover | 1.80 days |
| Risk Free Rate | 4.17 % |
| Price Change (1 yr) | 9.63 % |
| Volatility (1 yr) | 0.22 |
| Beta | 0.80 |
| Sharpe Ratio (1 yr) | 0.24 |
| Sortino Ratio (1 yr) | 0.37 |
| PE Ratio | 19.43 |
| Price/Book | 1.05 |
| Price/TBV | 1.20 |
| Book/Market | 0.95 |
| EBIT/EV | 0.01 |
| EBIT(3yr avg)/EV | -0.00 |
| ROA | 0.01 |
| ROE | 0.06 |
| ROIC | 0.01 |
| CROIC | 0.00 |
| OCROIC | 0.01 |
| Implied Volatility | 25.92 % |
| Put/Call OI Ratio | 0.90 |
Factor Scores range from 0 to 100, with 100 being most desirable. Larger circles are better. In situations where we have no data (e.g. no insider trades), we plot the score at 50 to avoid penalizing companies. However, a company that does not pay dividends will get a Dividend Score of Zero. Additionally, we inverted volatility to create a "stability" metric which is better when higher.
Price Target
The average one-year price target for Annaly Capital Management, Inc. is $21.34. The forecasts range from a low of $19.19 to a high of $24.15. A stock’s price target is the price at which analysts consider it fairly valued with respect to its projected earnings and historical earnings. Analysts typically set price targets that correspond to their buy or sell recommendations.
Update Frequency: Monthly
Stock Upgrades/Downgrades
This card shows analyst upgrades/downgrades for Annaly Capital Management, Inc.. An analyst rating is a classification that gives investors a sense of analyst sentiment about the direction and performance of an equity - usually a stock - over a period of time, typically 12 months.
The standard analyst ratings are generally as follows:
- Buy/Overweight/Outperform - Any of these ratings conveys an analyst’s belief that the stock is likely to outperform a market index (e.g. the S&P 500).
- Hold/Equal-Weight/Market Perform - Any of these ratings conveys an analyst’s belief that the stock is likely to perform in line with a market index.
- Sell/Underweight/Underperform - Any of these ratings suggest that an analyst believes the stock is likely to underperform a market index.
When an analyst upgrades a stock, they are signaling that the company’s fundamentals are being undervalued by investors. It could also mean they believe the market is underestimating the company’s potential. The opposite is true when a stock receives a downgrade.
The average rating of each individual analyst’s rating is the consensus rating for a stock. This gives investors a broader sense of the overall sentiment for that stock.
| Date | Analyst | Prior | Latest Recommendation |
Action |
|---|---|---|---|---|
| 2022-12-19 | JonesTrading | Buy | Initiate | |
| 2020-05-01 | Wells Fargo | Equal-Weight | Maintains | |
| 2020-04-29 | UBS | Neutral | Maintains | |
| 2020-04-29 | JP Morgan | Overweight | Maintains | |
| 2020-04-29 | Barclays | Overweight | Maintains | |
| 2020-02-26 | UBS | Neutral | Maintains | |
| 2019-12-19 | Wells Fargo | Equal-Weight | Initiate | |
| 2019-10-03 | RBC Capital | Outperform | Initiate | |
| 2019-09-03 | UBS | Buy | Neutral | Downgrade |
| 2019-07-24 | JP Morgan | Overweight | Maintains | |
| 2019-06-21 | UBS | Buy | Initiate | |
| 2019-03-27 | Nomura | Buy | Initiate | |
| 2019-01-16 | JP Morgan | Neutral | Overweight | Upgrade |
| 2019-01-14 | Keefe Bruyette & Woods | Market Perform | Outperform | Upgrade |
| 2018-12-14 | Barclays | Equal-Weight | Overweight | Upgrade |
| 2018-07-23 | JP Morgan | Neutral | Neutral | Maintains |
| 2018-05-22 | JP Morgan | Neutral | Neutral | Maintains |
| 2018-05-03 | Deutsche Bank | Hold | Hold | Maintains |
| 2022-09-30 | Piper Sandler | Neutral | Maintains | |
| 2022-06-28 | Piper Sandler | Neutral | Maintains | |
| 2022-06-09 | Keefe, Bruyette & Woods | Market Perform | Outperform | Upgrade |
| 2022-05-02 | RBC Capital | Outperform | Maintains | |
| 2022-04-27 | Barclays | Equal-Weight | Maintains | |
| 2022-04-25 | JP Morgan | Overweight | Maintains | |
| 2022-04-05 | Piper Sandler | Neutral | Maintains | |
| 2022-10-28 | Wells Fargo | Equal-Weight | Maintains | |
| 2022-10-27 | Barclays | Equal-Weight | Overweight | Upgrade |
| 2022-10-05 | RBC Capital | Outperform | Maintains | |
| 2022-02-14 | B of A Securities | Buy | Neutral | Downgrade |
| 2022-02-08 | JMP Securities | Market Outperform | Market Perform | Downgrade |
| 2021-10-29 | Barclays | Overweight | Equal-Weight | Downgrade |
| 2021-10-06 | Piper Sandler | Overweight | Neutral | Downgrade |
| 2021-07-30 | JMP Securities | Market Outperform | Maintains | |
| 2021-06-16 | JMP Securities | Market Outperform | Maintains | |
| 2021-04-21 | BTIG | Buy | Neutral | Downgrade |
| 2020-12-18 | Keefe, Bruyette & Woods | Market Perform | Outperform | Upgrade |
| 2020-11-25 | B of A Securities | Buy | Maintains | |
| 2020-11-24 | BTIG | Buy | Initiate | |
| 2020-07-30 | Deutsche Bank | Buy | Maintains | |
| 2020-07-24 | Deutsche Bank | Hold | Buy | Upgrade |
| 2020-07-07 | Piper Sandler | Overweight | Initiate | |
| 2020-05-21 | B of A Securities | Buy | Maintains | |
| 2018-02-13 | Compass Point | Sell | Neutral | Upgrade |
| 2016-12-15 | Bank of America | Neutral | Underperform | Downgrade |
| 2016-08-12 | Deutsche Bank | Hold | Maintains | |
| 2016-08-08 | Keefe Bruyette & Woods | Market Perform | Maintains | |
| 2016-03-14 | Compass Point | Buy | Neutral | Downgrade |
| 2016-03-02 | JP Morgan | Neutral | Maintains | |
| 2016-02-25 | Deutsche Bank | Hold | Maintains | |
| 2016-02-23 | FBR Capital | Market Perform | Outperform | Upgrade |
| 2016-01-15 | Wells Fargo | Outperform | Market Perform | Downgrade |
| 2015-08-14 | Keefe Bruyette & Woods | Market Perform | Maintains | |
| 2015-08-13 | Compass Point | Neutral | Buy | Upgrade |
| 2015-08-12 | Nomura | Neutral | Buy | Upgrade |
| 2015-08-10 | Deutsche Bank | Hold | Maintains | |
| 2015-08-07 | Barclays | Equal-Weight | Maintains | |
| 2015-07-07 | Wells Fargo | Market Perform | Outperform | Upgrade |
| 2015-06-05 | Citigroup | Neutral | Maintains | |
| 2015-05-08 | Keefe Bruyette & Woods | Market Perform | Maintains | |
| 2015-04-29 | UBS | Neutral | Sell | Downgrade |
| 2015-04-08 | FBR Capital | Market Perform | Underperform | Downgrade |
| 2015-02-26 | Keefe Bruyette & Woods | Market Perform | Maintains | |
| 2015-02-02 | JP Morgan | Neutral | Maintains | |
| 2014-09-12 | Citigroup | Neutral | Maintains | |
| 2014-08-08 | Keefe Bruyette & Woods | Market Perform | Maintains | |
| 2014-08-08 | Deutsche Bank | Hold | Maintains | |
| 2014-08-07 | Sterne Agee | Neutral | Buy | Upgrade |
| 2014-06-12 | JP Morgan | Neutral | Maintains | |
| 2014-05-08 | Portales Partners | Sector Perform | Outperform | Upgrade |
| 2014-05-08 | Bank of America | Underperform | Maintains | |
| 2014-04-16 | JP Morgan | Neutral | Maintains | |
| 2014-03-24 | Compass Point | Buy | Neutral | Downgrade |
| 2013-12-05 | Goldman Sachs | Sell | Initiate | |
| 2013-11-12 | Citigroup | Neutral | Maintains | |
| 2013-11-11 | Wunderlich | Hold | Maintains | |
| 2013-11-07 | Deutsche Bank | Hold | Maintains | |
| 2013-08-12 | Wunderlich | Hold | Maintains | |
| 2013-08-12 | Jefferies | Hold | Maintains | |
| 2013-08-09 | Nomura | Neutral | Maintains | |
| 2013-08-09 | Compass Point | Buy | Maintains | |
| 2013-07-16 | JP Morgan | Neutral | Maintains | |
| 2013-07-11 | Bank of America | Neutral | Underperform | Downgrade |
| 2013-06-18 | Portales Partners | Sector Perform | Outperform | Upgrade |
| 2013-06-12 | Sterne Agee | Neutral | Underperform | Downgrade |
| 2013-05-03 | Evercore Partners | Overweight | Equal-Weight | Downgrade |
| 2013-02-11 | Compass Point | Buy | Maintains | |
| 2013-02-08 | Sterne Agee | Underperform | Neutral | Upgrade |
| 2013-02-07 | Deutsche Bank | Hold | Maintains | |
| 2013-02-07 | Credit Suisse | Neutral | Maintains | |
| 2013-01-15 | JP Morgan | Neutral | Maintains | |
| 2012-11-20 | UBS | Neutral | Maintains | |
| 2012-11-16 | Wells Fargo | Market Perform | Outperform | Upgrade |
| 2012-11-08 | Deutsche Bank | Buy | Maintains | |
| 2012-11-07 | Nomura | Neutral | Maintains | |
| 2012-11-07 | Jefferies | Hold | Maintains | |
| 2012-11-06 | Credit Suisse | Neutral | Maintains | |
| 2012-11-06 | Citigroup | Neutral | Maintains | |
| 2012-10-18 | Wells Fargo | Underperform | Market Perform | Upgrade |
| 2012-10-17 | Wunderlich | Hold | Maintains | |
| 2012-10-17 | Compass Point | Neutral | Buy | Upgrade |
| 2012-09-17 | JP Morgan | Overweight | Neutral | Downgrade |
| 2012-09-13 | Macquarie | Neutral | Underperform | Downgrade |
| 2012-08-06 | FBR Capital | Underperform | Downgrade | |
| 2012-08-03 | Wunderlich | Buy | Hold | Downgrade |
| 2012-05-04 | UBS | Neutral | Maintains | |
| 2012-05-04 | Deutsche Bank | Buy | Maintains | |
| 2012-05-04 | Citigroup | Neutral | Maintains | |
| 2012-03-22 | Sterne Agee | Underperform | Downgrade | |
| 2012-02-09 | Jefferies | Hold | Maintains | |
| 2012-02-08 | UBS | Maintains | ||
| 2023-02-21 | Argus Research | Buy | Hold | Downgrade |
| 2023-02-17 | RBC Capital | Outperform | Maintains | |
| 2023-05-02 | RBC Capital | Outperform | Reiterate | |
| 2023-04-28 | Keefe, Bruyette & Woods | Outperform | Maintains | |
| 2023-04-28 | Wells Fargo | Equal-Weight | Maintains | |
| 2023-04-24 | Keefe, Bruyette & Woods | Outperform | Maintains | |
| 2023-04-24 | JP Morgan | Overweight | Maintains | |
| 2023-05-02 | Piper Sandler | Neutral | Overweight | Upgrade |
| 2023-10-31 | RBC Capital | Outperform | Outperform | Maintains |
| 2023-12-13 | Keefe, Bruyette & Woods | Outperform | Outperform | Maintains |
| 2023-08-03 | JonesTrading | Buy | Reiterate | |
| 2023-09-18 | UBS | Neutral | Buy | Upgrade |
| 2023-08-01 | RBC Capital | Outperform | Outperform | Reiterate |
| 2024-04-19 | JMP Securities | Market Perform | Reiterate | |
| 2024-06-06 | Janney Montgomery Scott | Buy | Initiate | |
| 2024-01-05 | RBC Capital | Outperform | Outperform | Maintains |
| 2024-04-02 | Compass Point | Buy | Initiate | |
| 2024-02-12 | RBC Capital | Outperform | Outperform | Reiterate |
| 2024-02-08 | JonesTrading | Buy | Buy | Maintains |
| 2024-03-27 | Keefe, Bruyette & Woods | Outperform | Outperform | Maintains |
| 2024-04-25 | JonesTrading | Buy | Buy | Maintains |
| 2024-04-18 | JMP Securities | Market Perform | Reiterate | |
| 2024-07-16 | JP Morgan | Overweight | Overweight | Maintains |
| 2024-07-26 | Compass Point | Buy | Buy | Maintains |
| 2025-01-23 | JMP Securities | Market Perform | Market Perform | Reiterate |
| 2025-01-27 | RBC Capital | Outperform | Outperform | Maintains |
| 2024-08-28 | JMP Securities | Market Perform | Reiterate | |
| 2024-09-20 | Wells Fargo | Equal-Weight | Overweight | Upgrade |
| 2024-10-25 | JP Morgan | Overweight | Overweight | Maintains |
| 2024-07-25 | Jones Trading | Buy | Buy | Maintains |
| 2024-10-17 | JP Morgan | Overweight | Overweight | Maintains |
| 2025-01-31 | Jones Trading | Buy | Buy | Maintains |
| 2025-01-31 | JP Morgan | Overweight | Overweight | Maintains |
| 2024-11-22 | Jones Trading | Buy | Buy | Maintains |
| 2025-01-21 | JP Morgan | Overweight | Overweight | Maintains |
| 2024-12-09 | JP Morgan | Overweight | Overweight | Maintains |
| 2024-10-24 | Jones Trading | Buy | Buy | Maintains |
| 2025-04-16 | JP Morgan | Overweight | Overweight | Maintains |
| 2025-01-06 | Barclays | Equal-Weight | Initiate | |
| 2025-04-08 | Keefe, Bruyette & Woods | Outperform | Outperform | Maintains |
| 2025-02-10 | RBC Capital | Outperform | Outperform | Reiterate |
| 2025-05-02 | Jones Trading | Buy | Buy | Maintains |
| 2025-05-02 | Piper Sandler | Overweight | Overweight | Maintains |
| 2025-05-02 | Keefe, Bruyette & Woods | Outperform | Outperform | Maintains |
| 2025-07-25 | Keefe, Bruyette & Woods | Outperform | Outperform | Maintains |
| 2025-07-24 | Jones Trading | Buy | Buy | Maintains |
| 2025-07-10 | UBS | Neutral | Neutral | Maintains |
| 2025-05-27 | RBC Capital | Outperform | Outperform | Maintains |
| 2025-09-03 | UBS | Neutral | Neutral | Maintains |
