Annaly Capital Management, Inc.(NLY)- NYSE
  • Wed, Aug. 3, 4:18 PM
    • Q2 core EPS of $0.29 vs. $0.30 earned in Q1. Dividend was $0.30.
    • Book value per share of $11.50 slips $0.11 during the quarter. Today's close of $10.99 is a trim 4.4% discount to June 30 book.
    • Completed acquisition of Hatteras Financial just after the quarter's end.
    • Annualized economic return of 9.73% during quarter.
    • Core NIM of 1.54% flat from Q1, down 16 bps Y/Y.
    • CPR of 12.7% up from 8.8% in Q1.
    • Credit investment portfolio represents 24% of stockholders' equity.
    • CC tomorrow at 10 ET
    • Previously: Annaly Capital Management EPS in-line (Aug. 3)
    • NLY flat after hours
    | Wed, Aug. 3, 4:18 PM
  • Wed, Aug. 3, 4:07 PM
    • Annaly Capital Management (NYSE:NLY): Q2 EPS of $0.29 in-line.
    • Net interest income of $304.36M (-40.5% Y/Y)
    • Press Release
    | Wed, Aug. 3, 4:07 PM | 5 Comments
  • Tue, Aug. 2, 5:35 PM
  • Tue, Aug. 2, 9:02 AM
    • July monthly performance was: +3.84%
    • AUM of $125M
    • 52-week performance vs. the S&P 500 is: -3%
    • No dividends were paid in July
    • Top 10 Holdings as of 3/31/2016: Public Storage (PSA): 2.03299%, SkyCity Entertainment Group Ltd (OTCPK:SKYZF): 2.02912%, CYS Investments Inc (CYS): 1.99742%, Cisco Systems Inc (CSCO): 1.97543%, Vestas Wind Systems A/S (OTCPK:VWSYF): 1.96004%, Intrum Justitia AB (IJ): 1.9455%, Bezeq The Israeli Telecommunication Corp Ltd (OTCPK:BZQIF): 1.94472%, SSE PLC (OTCPK:SSEZF): 1.93715%, Annaly Capital Management Inc (NLY): 1.93635%, Spark New Zealand Ltd (OTCPK:NZTCF): 1.92084%
    | Tue, Aug. 2, 9:02 AM
  • Tue, Jul. 12, 7:27 AM
    • A total of 70M Hatteras (NYSE:HTS) shares were properly tendered, representing 74.12% of the company's common stock.
    • Those HTS owners who elected to receive the mixed consideration will get $5.55 in cash and 0.9894 shares of Annaly (NYSE:NLY). Those who wanted all cash will get $15.85 per share. Those who elected all-stock will get 1.5226 shares of NLY, subject to proration.
    | Tue, Jul. 12, 7:27 AM | 19 Comments
  • Fri, Jul. 1, 10:42 AM
    • June monthly performance was: -0.43%
    • AUM of $128M
    • 52-week performance vs. the S&P 500 is: -5%
    • $0.11 in dividends were paid in June
    • Top 10 Holdings as of 3/31/2016: Public Storage (PSA): 2.03299%, SkyCity Entertainment Group Ltd (OTCPK:SKYZF): 2.02912%, CYS Investments Inc (CYS): 1.99742%, Cisco Systems Inc (CSCO): 1.97543%, Vestas Wind Systems A/S (OTCPK:VWSYF): 1.96004%, Intrum Justitia AB (IJ): 1.9455%, Bezeq The Israeli Telecommunication Corp Ltd (OTCPK:BZQIF): 1.94472%, SSE PLC (OTCPK:SSEZF): 1.93715%, Annaly Capital Management Inc (NLY): 1.93635%, Spark New Zealand Ltd (OTCPK:NZTCF): 1.92084%
    | Fri, Jul. 1, 10:42 AM
  • Fri, Jul. 1, 8:49 AM
    • Annaly Capital Management (NYSE:NLY) declares short dividend of $0.0358/share for the period of July 1 - July 11 in connection with acquisition of Hatteras Financial.
    • The dividend is payable on July 14 to shareholders on record of July 11.
    • Any 3Q dividend declared will be reduced by $0.0358/share.
    | Fri, Jul. 1, 8:49 AM | 15 Comments
  • Fri, Jun. 24, 10:30 AM
    • A sharp drop in long-term rates and vanquished expectations for even one rate hike this year has income players bidding up the prices of utility stocks (XLU +0.7%) and certain REITs even as the major average fall more than 2% post-Brexit.
    • A check of Fed Funds futures finds traders not fully pricing in a 25 basis point rate hike until 2018!
    • The mortgage REIT sector (REM +0.5%) welcomes the news, with players like Annaly (NLY +1.7%), American Capital Agency (AGNC +1.1%), Two Harbors (TWO +1.7%), and Chimera (CIM +1.3%) leading the way. Western Asset Mortgage (WMC -0.8%) is a laggard after slashing its dividend by more than 30% last night.
    • Equity REITs are decidedly mixed. Retail names like Realty Income (O +2.4%), National Retail (NNN +2%), and Vereit (VER +0.9%) are higher, as are healthcare players like HCP (HCP +1.2%) and Medical Properties Trust (MPW +0.1). Apartment REITs are mostly lower, as are mall operators like Simon Property (SPG -0.8%) and General Growth (GGP -0.7%).
    • The dollar is surging post-Brexit, however, and that's taking a chunk out of the hotel REITs: Hospitality Properties (HPT -1.5%), Sunstone Hotel (SHO -2.7%), LaSalle (LHO -3.8%), Pebblebrook (PEB -2.4%), RLJ Lodging (RLJ -2.5%).
    • ETFs: XLU, UTG, IDU, VPU, GUT, BUI, FUTY, RYU, UPW, FXU, PUI, SDP, PSCU, FUGAX, UTLF, JHMUVNQ, IYR, DRN, RQI, URE, SCHH, ICF, RWR, SRS, RNP, RFI
    | Fri, Jun. 24, 10:30 AM | 43 Comments
  • Wed, Jun. 22, 3:43 PM
    • Citi Research's Donald Fandetti keeps his Neutral rating on Annaly Capital (NLY +0.2%), but boosts the price target to $11 from $9, suggesting a 17% total return over the next year if the dividend is included.
    • His $11 target comes from slapping a 0.9x multiple on Annaly's end-of-Q1 book value of $11.61 - inline with the average of other passive RMBS managers
    • As for dividend yield, Annaly's peers trade at an average of 12.5%, with a range of 11.1% to 18.3%. Fandetti applies a 11% yield to his forward 12-month dividend estimate of $1.20 to get to the $11 target.
    | Wed, Jun. 22, 3:43 PM | 10 Comments
  • Thu, Jun. 16, 5:24 PM
    • Annaly Capital Management (NYSE:NLY) declares $0.30/share quarterly dividend, in line with previous.
    • Forward yield 11.27%
    • Payable July 29; for shareholders of record June 30; ex-div June 28.
    | Thu, Jun. 16, 5:24 PM | 4 Comments
  • Wed, Jun. 15, 3:20 PM
    • Fed Funds futures markets are pricing in just a 50% chance of a rate hike in 2016 after the FOMC stayed on hold in June and cut its expectations for future moves higher in interest rates.
    • The mREITs (REM +0.7%) are up just modestly, but all higher now than they were prior to the FOMC news.
    • Annaly Capital (NLY +0.6%), American Capital Agency (AGNC +0.9%), Armour (ARR +1.4%), CYS Investments (CYS +1%), New York Mortgage (NYMT +1.4%), Capstead Mortgage (CMO +1.1%).
    • ETFs: MORL, REM, MORT
    | Wed, Jun. 15, 3:20 PM | 12 Comments
  • Wed, Jun. 15, 9:10 AM
    • To review, Hatteras Financial (NYSE:HTS) owners can elect to receive for each share they own a) $5.55 in cash and 0.9894 shares of NLY, b) $15.85 in cash, or c) 1.5226 shares of NLY.
    • Proration will assure about 65% of total consideration is paid in stock and 35% in cash.
    • The offer is being extended to July 11 to allow the companies more time to obtain necessary regulatory approvals. They now anticipate receiving those by July 11.
    • Source: Press Release
    | Wed, Jun. 15, 9:10 AM | 3 Comments
  • Thu, Jun. 2, 9:03 AM
    • May monthly performance was: +1.17%
    • AUM of $129M
    • 52-week performance vs. the S&P 500 is: -7%
    • No dividends were paid in May
    • Top 10 Holdings as of 3/31/2016: Public Storage (PSA): 2.03%, SkyCity Entertainment Group Ltd (OTCPK:SKYZF): 2.03%, CYS Investments Inc (CYS): 2.0%, Cisco Systems Inc (CSCO): 1.98%, Vestas Wind Systems A/S (OTCPK:VWSYF): 1.96%, Intrum Justitia AB (IJ): 1.95%, Bezeq The Israeli Telecommunication Corp Ltd (OTCPK:BZQIF): 1.94%, SSE PLC (OTCPK:SSEZF): 1.94%, Annaly Capital Management Inc (NLY): 1.94%, Spark New Zealand Ltd (OTCPK:NZTCF): 1.92%
    | Thu, Jun. 2, 9:03 AM
  • Wed, May 18, 2:25 PM
    • Having repriced over the past few months for a rates lower-for-longer environment, mREITs (REM -1.6%) may have to reprice again as the FOMC minutes more or less signal the central bank's intention to hike rates in June.
    • Yield-starved names like banks, insurers, and online brokers are soaring, but income producers like Annaly Capital (NLY -2.7%), American Capital Mortgage (AGNC -2.5%), Armour (ARR -3.1%), CYS Investments (CYS -3.4%), Capstead (CMO -2%), Western Asset (WMC -2.3%), Anworth (ANH -2.3%), and Ellington Residential (EARN -2.4%) are going the opposite way.
    • ETFs: MORL, REM, MORT
    | Wed, May 18, 2:25 PM | 107 Comments
  • Sat, May 14, 11:33 AM
    • The idea of rates lower for longer and a narrowing of credit spreads have helped lift the mortgage REIT sector by 22% since mid-February, but the group remains 17% below year-ago price levels, trades at a near-15% discount to book value, and yields 12%.
    • Source: Barron's Amey Stone
    • Still a buy? "There are different risks on the asset side, the funding side, and the hedging side,” says Wunderlich's Merrill Ross. She expects the Fed to be on hold until late this year, but notes that doesn't necessarily mean full-speed ahead for sector prices. Years of extremely low rates and expectations of soon-to-come higher rates have made it a "difficult operating environment."
    • Lower rates aren't always a boon, and Nomura's Brock Vandervliet says a sharply flatter yield curve could would hit earnings and force dividend cuts. His favorites are sector gorilla Annaly Capital (NYSE:NLY), and Chimera Investment (NYSE:CIM). Chimera, he says, should benefit from regulatory changes allowing it to do more mortgage securitizations. Annaly is trading at just about a 5% discount to book value today vs. close to 20% not long ago. Chimera is actually trading slightly north of March 31 book value of $14.46.
    • Ross' favorites are two where the dividends are solid: CYS Investments (NYSE:CYS) - one of the only pure-play agency MBS REITs left - and Invesco Mortgage (NYSE:IVR).
    • ETFs: MORL, REM, MORT
    | Sat, May 14, 11:33 AM | 15 Comments
  • Mon, May 9, 1:51 PM
    • The average yield in the mortgage REIT sector is 14%, says analyst Bose George - probably warranted given falling book values, though things stabilized in Q1 for at least a few. His favorites are Two Harbors (NYSE:TWO) at 78% of book with a 12% dividend yield, and there's also American Capital Agency (NASDAQ:AGNC), Annaly Capital (NYSE:NLY), Chimera Investment (NYSE:CIM), and MFA Financial (NYSE:MFA).
    • BDCs, says Ryan Lynch, have been stung by credit fears and trade at an average 87% of book value. His favorites - Ares Capital (NASDAQ:ARCC) and Hercules Capital (NYSE:HTGC) - both yield near 10%.
    • Property & casualty insurers have high "cash-on-cash returns" thanks to share buybacks, says Meyer Shields, with Hartford (NYSE:HIG) and AIG standing out on that front. His favorite stocks, however, are lower yielders like Allstate (NYSE:ALL), National General (NASDAQ:NGHC), and XL Group (NYSE:XL).
    • KBW also offers a basket of high yielders through the PowerShares KBW High Dividend Yield Financial ETF (NYSEARCA:KBWD). The fund currently yields 9%, and is higher by 20% in the past three months.
    • Source: Barron's
    | Mon, May 9, 1:51 PM | 17 Comments
Company Description
Annaly Capital Management, Inc. engages in the provision of real estate related investments. It offers a range of services and portfolio products including mortgage pass-trough certificates, collateralized mortgage obligation, agency callable debentures, other securities representing interests... More
Sector: Financial
Industry: REIT - Diversified
Country: United States