
Annaly Capital (NLY) Stock Forecast & Price Target
Annaly Capital (NLY) Analyst Ratings
Bulls say
Annaly Capital Management is a well-diversified mortgage real estate investment trust that has reported strong first quarter results, with earnings available for distribution per share exceeding expectations. The company's balanced view across its different segments, including agency, residential credit, and mortgage servicing rights, is a positive sign for its future performance. While interest rate movements and potential GSE reforms pose risks, the company has taken steps to mitigate these risks and has a strong governance policy in place to ensure long-term value creation for all stakeholders. With a diverse portfolio and attractive investment opportunities, Annaly Capital Management is expected to have a solid performance in the coming years, supporting our Outperform rating and price target of $25 based on its 2026 estimated book value per share.
Bears say
Annaly Capital Management is currently facing challenges as its book value per share declined 1.9% from the prior quarter due to higher rates and modest spread widening. The company's reliance on its Agency segment exposes it to market volatility and potential prepayment activity risks as interest rates increase. Additionally, potential changes in tax laws and the Federal Reserve's agency MBS ownership could further impact the company's financials and shareholder value. These factors, combined with the potential for earnings or BVPS dilution from additional equity offerings, contribute to our negative outlook on the stock.
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
Start investing in Annaly Capital (NLY)
Order type
Buy in
Order amount
Est. shares
0 shares