NLY
Real EstateAnnaly Capital Management, Inc. · REIT - Mortgage · $16B
What is Annaly Capital Management, Inc.?
Annaly Capital Management is a large-cap mortgage REIT headquartered in New York City, focused on mortgage finance and corporate middle market lending.
Annaly generates income primarily by investing in agency mortgage-backed securities and related mortgage assets, funding those positions through borrowing. As a REIT, it distributes the majority of taxable income to shareholders as dividends, making yield rather than capital appreciation its central value proposition.
Founded in 1996 and based in New York City, Annaly has operated as a publicly traded REIT for nearly three decades.
- Agency mortgage-backed securities
- Mortgage servicing rights
- Non-Agency residential mortgage assets
- Corporate middle market lending
Is NLY a Good Stock to Buy?
UQS Score rates NLY as Below Average overall.
The Quality pillar stands out as the relative bright spot within NLY's profile, suggesting reasonable operational fundamentals for a mortgage REIT. Valuation is rated Neutral, meaning the stock is not obviously mispriced relative to its fundamentals.
The Moat, Growth, and Risk pillars all register as Weak — reflecting the interest-rate sensitivity, leverage, and limited competitive differentiation common in agency mortgage REITs.
See the full pillar breakdown and detailed financial metrics by signing up for a Pro account at UQS Score. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does NLY pay dividends?
Yes — Annaly Capital Management, Inc. pays a dividend.
NLY pays a regular dividend, which is central to its REIT structure — Annaly is required to distribute most of its taxable income to shareholders. Income-focused investors often screen for NLY specifically for yield, though the dividend has historically fluctuated with interest rate cycles.
When does NLY report earnings?
Annaly Capital Management reports earnings on a quarterly cadence, typical for US-listed REITs.
Results tend to be driven by net interest income spread and changes in book value, both of which are sensitive to Federal Reserve policy and broader rate movements. Investors should monitor how management navigates hedging strategies each quarter.
For the most recent quarter's results, visit Annaly Capital Management's investor relations page directly.
NLY Price History
+18.9% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Annaly Capital Management, Inc.?
Based on Annaly Capital Management, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
Frequently Asked Questions
What does Annaly Capital Management do?
Annaly is a mortgage REIT that invests primarily in agency mortgage-backed securities and related assets. It earns income from the spread between borrowing costs and the yield on its mortgage investments, then distributes that income to shareholders as dividends.
Does NLY pay dividends?
Yes. NLY pays a regular dividend as part of its REIT structure, which requires distributing most taxable income to shareholders. The dividend level can vary with interest rate conditions, so investors should review recent declarations on the company's investor relations page.
When does NLY report earnings?
Annaly reports on a quarterly basis. For confirmed upcoming dates, check Annaly's investor relations page or your brokerage's earnings calendar.
Is NLY a good stock to buy?
UQS Score rates NLY as Below Average, with Weak scores across Moat, Growth, and Risk pillars. The Quality pillar is the relative strength. Whether it fits your portfolio depends on your income needs and tolerance for interest-rate risk. View the full analysis on UQS Score.
Is NLY overvalued?
The UQS Valuation pillar for NLY is rated Neutral, suggesting the stock is neither clearly cheap nor expensive relative to its fundamentals. Pro members can access the detailed valuation metrics behind this assessment.
Is NLY a long-term quality investment?
As a long-term quality indicator, NLY's Below Average UQS Score — driven by Weak Moat, Growth, and Risk ratings — signals meaningful structural challenges. Mortgage REITs are inherently sensitive to rate cycles, which can compress book value and dividends over time.
What sector does NLY belong to?
NLY operates in the Real Estate sector, specifically as a mortgage REIT. Unlike equity REITs that own physical properties, Annaly invests in mortgage-related securities and loans.
What is NLY's market cap bracket?
Annaly Capital Management is classified as a large-cap company, making it one of the larger publicly traded mortgage REITs in the US market.
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Pro Analysis
NLY — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 11, 2026 | 37.6 | 68.0 | 20.0 | 28.4 | 0.9 | 65.0 | +4.5 |
| May 10, 2026 | 33.1 | 50.0 | 20.0 | 28.4 | 1.3 | 65.2 | -0.1 |
| May 8, 2026 | 33.2 | 50.0 | 20.0 | 28.4 | 1.3 | 65.7 | -4.0 |
| May 7, 2026 | 37.2 | 67.7 | 20.0 | 28.4 | 0.8 | 63.2 | +0.1 |
| May 3, 2026 | 37.1 | 67.7 | 20.0 | 28.4 | 0.8 | 62.8 | -0.1 |
| Apr 26, 2026 | 37.2 | 67.7 | 20.0 | 28.4 | 0.8 | 62.9 | +0.3 |
| Apr 25, 2026 | 36.9 | 67.7 | 20.0 | 28.3 | 0.8 | 61.1 | +0.9 |
| Apr 24, 2026 | 36.0 | 67.7 | 20.0 | 28.0 | 0.8 | 55.9 | +0.1 |
| Apr 19, 2026 | 35.9 | 67.7 | 20.0 | 27.3 | 0.8 | 55.9 | +0.1 |
| Apr 18, 2026 | 35.8 | 67.7 | 20.0 | 27.3 | 0.8 | 55.3 | 0.0 |
NLY — Pillar Breakdown
Quality
— 68.0/100 (25%)Annaly Capital Management, Inc. shows solid profitability with healthy returns on capital and reasonable margins.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 27.5/100 (20%)Annaly Capital Management, Inc. faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 0.9/100 (15%)Annaly Capital Management, Inc. presents elevated risk with concerns around leverage or financial stability.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 55.7/100 (15%)Annaly Capital Management, Inc. trades at a reasonable valuation with decent earnings yield and FCF multiples.
Inverse of forward P/E — higher yield means cheaper stock.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 20/100 (25%)Annaly Capital Management, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for NLY.
Score Composition
Financial Data
More Stock Analysis
How is the NLY UQS Score Calculated?
The UQS (Unified Quality Score) for Annaly Capital Management, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Annaly Capital Management, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Annaly Capital Management, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.