
Annaly Capital (NLY) Stock Forecast & Price Target
Annaly Capital (NLY) Analyst Ratings
Bulls say
Annaly Capital Management has demonstrated a robust increase in its residential credit portfolio, which rose approximately 769 basis points to $7.0 billion, signifying continued expansion in correspondent loans during 4Q24. The company reported an annualized EAD return on average equity of 14.27% and a net investment spread that expanded to 147 basis points, driven by a decline in the cost of funds and improved yields on earning assets. Additionally, Annaly's agency-skewed portfolio and strategic flexibility position the company favorably for potential market growth, with expectations for continued volume increases into 2025.
Bears say
Annaly Capital Management reported a book value per share (BVPS) of $19.15, representing a 2.0% decline from the previous quarter's $19.54 and falling short of expectations by 2.8%. The company's core agency portfolio decreased significantly by $1.9 billion, highlighting the impact of coupon positioning towards higher yielding pools amidst a declining liquidity and cash position of $3.9 billion. Furthermore, despite a slightly lower economic leverage ratio of 5.5x, the overall repositioning of the portfolio indicates ongoing challenges in generating sustainable income and optimizing returns in a challenging interest rate environment.
This aggregate rating is based on analysts' research of Annaly Capital and is not a guaranteed prediction by Public.com or investment advice.
Annaly Capital (NLY) Analyst Forecast & Price Prediction
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