Overview Dividends

(NLY) Annaly Capital Management - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US0357108390

Mortgage-Backed Securities, Whole Loans, Servicing Rights, Forward Contracts, Credit Risk Securities

NLY EPS (Earnings per Share)

EPS Growth (3Y CAGR): -6.95%
EPS Trend (3Y Correlation): -36.8%

NLY Revenue

Revenue Growth (3Y CAGR): 3.01%
Revenue Trend (3Y Correlation): 39.4%

Description: NLY Annaly Capital Management October 31, 2025

Annaly Capital Management (NYSE: NLY) is a diversified REIT that focuses on mortgage-finance investments. Its portfolio spans agency mortgage-backed securities (MBS) backed by residential mortgages, non-agency whole-loan and securitized assets, mortgage servicing rights, agency CMBS, forward contracts, and credit-risk-transfer securities. By electing REIT status, the firm avoids federal income tax on earnings it distributes to shareholders.

Key metrics as of the latest filing show a dividend yield near 7-8 % and a weighted-average coupon of roughly 3.5 % on its agency MBS holdings, making the fund highly sensitive to Federal Reserve rate moves and prepayment dynamics. The company’s total assets under management exceed $100 billion, and its net interest margin (NIM) has trended lower in a rising-rate environment, underscoring the importance of spread management and hedging effectiveness as primary performance drivers.

For a deeper dive into NLY’s valuation metrics and scenario analysis, you might explore the ValueRay platform.

NLY Stock Overview

Market Cap in USD	14,125m
Sub-Industry	Mortgage REITs
IPO / Inception	1997-10-08

NLY Stock Ratings

Growth Rating	67.3%
Fundamental	65.0%
Dividend Rating	39.4%
Return 12m vs S&P 500	8.40%
Analyst Rating	4.0 of 5

NLY Dividends

Dividend Yield 12m	12.78%
Yield on Cost 5y	18.32%
Annual Growth 5y	-8.07%
Payout Consistency	86.7%
Payout Ratio	94.8%

NLY Growth Ratios

Growth Correlation 3m	54.9%
Growth Correlation 12m	80.8%
Growth Correlation 5y	-4.7%
CAGR 5y	19.74%
CAGR/Max DD 3y (Calmar Ratio)	0.61
CAGR/Mean DD 3y (Pain Ratio)	2.54
Sharpe Ratio 12m	2.06
Alpha	5.19
Beta	1.303
Volatility	21.12%
Current Volume	7855.3k
Average Volume 20d	6638.5k
Stop Loss	20.8 (-3.3%)
Signal	0.96

Piotroski VR‑10 (Strict, 0-10) 2.0

Net Income (1.50b TTM) > 0 and > 6% of Revenue (6% = 443.1m TTM)

FCFTA 0.02 (>2.0%) and ΔFCFTA 1.54pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -1021 % (prev -8.60%; Δ -1013 pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.02 (>3.0%) and CFO 2.83b > Net Income 1.50b (YES >=105%, WARN >=100%)

Net Debt (100.65b) to EBITDA (6.18b) ratio: 16.29 <= 3.0 (WARN <= 3.5)

Current Ratio 0.04 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (622.8m) change vs 12m ago 20.50% (target <= -2.0% for YES)

Gross Margin 99.53% (prev 99.59%; Δ -0.06pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 6.50% (prev 5.77%; Δ 0.73pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 1.33 (EBITDA TTM 6.18b / Interest Expense TTM 4.65b) >= 6 (WARN >= 3)

Altman Z'' -4.05

(A) -0.60 = (Total Current Assets 3.06b - Total Current Liabilities 78.49b) / Total Assets 125.86b

(B) -0.11 = Retained Earnings (Balance) -13.63b / Total Assets 125.86b

(D) -0.13 = Book Value of Equity -14.24b / Total Liabilities 110.86b

Total Rating: -4.05 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 65.01

1. Piotroski 2.0pt = -3.0

2. FCF Yield 1.96% = 0.98

3. FCF Margin 30.40% = 7.50

4. Debt/Equity 6.89 = -2.50

5. Debt/Ebitda 16.29 = -2.50

6. ROIC - WACC (= 15.10)% = 12.50

7. RoE 11.10% = 0.93

8. Rev. Trend 39.35% = 2.95

9. EPS Trend -36.85% = -1.84

What is the price of NLY shares?

As of November 05, 2025, the stock is trading at USD 21.51 with a total of 7,855,292 shares traded.
Over the past week, the price has changed by +2.14%, over one month by +5.18%, over three months by +6.43% and over the past year by +30.03%.

Is Annaly Capital Management a good stock to buy?

Partly, yes. Based on ValueRay´s Fundamental Analyses, Annaly Capital Management (NYSE:NLY) is currently (November 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 65.01 and therefor a somewhat positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of NLY is around 23.62 USD . This means that NLY is currently overvalued and has a potential downside of 9.81%.

Is NLY a buy, sell or hold?

Annaly Capital Management has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy NLY.

Strong Buy: 5
Buy: 4
Hold: 5
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the NLY price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	21.9	1.6%
Analysts Target Price	21.9	1.6%
ValueRay Target Price	24.9	15.9%

NLY Fundamental Data Overview November 01, 2025

Market Cap USD = 14.13b (14.13b USD * 1.0 USD.USD)
P/E Trailing = 9.177
P/E Forward = 6.9013
P/S = 7.6808
P/B = 1.1221
P/EG = -3.61
Beta = 1.303
Revenue TTM = 7.39b USD
EBIT TTM = 6.18b USD
EBITDA TTM = 6.18b USD
Long Term Debt = 20.70b USD (from longTermDebt, last fiscal year)
Short Term Debt = 75.12b USD (from shortTermDebt, last quarter)
Debt = 102.75b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 100.65b USD (from netDebt column, last quarter)
Enterprise Value = 114.77b USD (14.13b + Debt 102.75b - CCE 2.10b)
Interest Coverage Ratio = 1.33 (Ebit TTM 6.18b / Interest Expense TTM 4.65b)
FCF Yield = 1.96% (FCF TTM 2.25b / Enterprise Value 114.77b)
FCF Margin = 30.40% (FCF TTM 2.25b / Revenue TTM 7.39b)
Net Margin = 20.25% (Net Income TTM 1.50b / Revenue TTM 7.39b)
Gross Margin = 99.53% ((Revenue TTM 7.39b - Cost of Revenue TTM 34.7m) / Revenue TTM)
Gross Margin QoQ = 99.27% (prev 99.49%)
Tobins Q-Ratio = 0.91 (Enterprise Value 114.77b / Total Assets 125.86b)
Interest Expense / Debt = 1.22% (Interest Expense 1.26b / Debt 102.75b)
Taxrate = -0.94% (negative due to tax credits) (-7.82m / 835.2m)
NOPAT = 6.24b (EBIT 6.18b * (1 - -0.94%)) [negative tax rate / tax credits]
Current Ratio = 0.04 (Total Current Assets 3.06b / Total Current Liabilities 78.49b)
Debt / Equity = 6.89 (Debt 102.75b / totalStockholderEquity, last quarter 14.91b)
Debt / EBITDA = 16.29 (Net Debt 100.65b / EBITDA 6.18b)
Debt / FCF = 44.83 (Net Debt 100.65b / FCF TTM 2.25b)
Total Stockholder Equity = 13.47b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.19% (Net Income 1.50b / Total Assets 125.86b)
RoE = 11.10% (Net Income TTM 1.50b / Total Stockholder Equity 13.47b)
RoCE = 18.08% (EBIT 6.18b / Capital Employed (Equity 13.47b + L.T.Debt 20.70b))
RoIC = 17.49% (NOPAT 6.24b / Invested Capital 35.65b)
WACC = 2.39% (E(14.13b)/V(116.87b) * Re(10.82%) + D(102.75b)/V(116.87b) * Rd(1.22%) * (1-Tc(-0.01)))
Discount Rate = 10.82% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 11.62%
[DCF Debug] Terminal Value 59.06% ; FCFE base≈1.45b ; Y1≈949.1m ; Y5≈434.0m
Fair Price DCF = 8.50 (DCF Value 5.79b / Shares Outstanding 681.1m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: -36.85 | EPS CAGR: -6.95% | SUE: 0.39 | # QB: 0
Revenue Correlation: 39.35 | Revenue CAGR: 3.01% | SUE: 1.41 | # QB: 3

Additional Sources for NLY Stock

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