Welcome to our dedicated page for Annaly Capital news (Ticker: NLY), a resource for investors and traders seeking the latest updates and insights on Annaly Capital stock.
Annaly Capital Management, Inc. (NYSE: NLY) is a mortgage-focused REIT and diversified capital manager whose news flow centers on mortgage finance, housing-related investments and capital markets activity. This page aggregates press releases and third-party coverage related to Annaly, giving investors and observers a single view of the company’s ongoing announcements and disclosures.
According to its public statements, Annaly’s principal business objective is to generate net income for distribution to stockholders and to optimize returns through prudent management of diversified investment strategies across mortgage finance. News items frequently highlight developments in its Agency mortgage-backed securities portfolio, Residential Credit portfolio and mortgage servicing rights (MSR) business, as well as updates from its Onslow Bay residential whole loan securitization platform.
Visitors can expect to find articles on quarterly earnings results, including metrics such as net income, earnings available for distribution, economic return and portfolio composition, as reported in the company’s financial releases. Announcements often cover common and preferred stock dividends, capital raising through at-the-market equity programs, and the issuance of new preferred stock series. Strategic transactions, such as MSR purchases and subservicing relationships with counterparties like PennyMac Financial Services, Inc., are also key themes in Annaly’s news.
In addition, the news feed includes information on conference call schedules and webcasts for quarterly results, corporate governance updates such as executive transitions, and milestones achieved by subsidiaries like Onslow Bay in residential whole loan securitizations. By reviewing this news stream, users can monitor how Annaly manages its mortgage finance strategies, capital base and servicing relationships over time.
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Annaly Capital Management reported its financial results for Q1 2023, highlighting a GAAP net loss of ($1.79) per share and earnings available for distribution of $0.81 per share. The company achieved an economic return of 3.0% and a book value per share of $20.77. GAAP leverage decreased to 5.9x, while economic leverage rose to 6.4x. Annaly declared a cash dividend of $0.65 per share, despite a significant decline in annualized GAAP return on equity, now at (28.8%). Total assets were reported at $85.5 billion, with notable advances in the Residential Credit Group. Although the company navigated market volatility effectively, it faced challenges, including an average GAAP cost of interest-bearing liabilities increasing to 4.52%. CEO David Finkelstein expressed confidence in Annaly's positioning to capitalize on future opportunities.
Annaly Capital Management (NYSE:NLY) has announced it will release its financial results for the quarter ending March 31, 2023, after market close on April 26, 2023. Following the results, a conference call will be held on April 27, 2023, at 9:00 a.m. Eastern Time. Participants are encouraged to pre-register for the call to receive a unique access PIN. For those who do not pre-register, they can still join the call by dialing in on the event day. A playback of the call will be available for a week after the event. Annaly focuses on generating net income for its shareholders through diversified capital management in mortgage finance, operating as a real estate investment trust (REIT).
Annaly Capital Management (NYSE: NLY) has appointed Martin Laguerre as an independent board member effective March 13, 2023. Laguerre, a Senior Advisor at Warburg Pincus, brings over 25 years of financial expertise, enhancing Annaly's strategic focus in the housing finance market. He previously held senior roles at CDPQ and CPP Investment Board, and now serves on the boards of BGC Partners and other financial entities. Laguerre aims to leverage his experience to drive shareholder value and strengthen Annaly's position in the residential mortgage sector.
The Board of Directors of Annaly Capital Management (NYSE: NLY) declared a common stock cash dividend of $0.65 per share for Q1 2023, payable on April 28, 2023. Shareholders of record by March 31, 2023 will receive this dividend, with the ex-dividend date set for March 30, 2023. CEO David Finkelstein stated that this dividend aligns with the company's historical yield on book value, providing a sustainable yield of approximately 12.5%. Estimated book value per share ranges between $20.60 and $20.80 as of March 13, 2023.
Annaly Capital Management (NYSE: NLY) announced the retirement of Wellington J. Denahan, co-founder and Vice Chair of the Board, effective after the 2023 Annual Meeting. Under her leadership, Annaly evolved from a pure agency mortgage REIT to a diversified housing finance leader, delivering over 700% total shareholder return since its IPO in 1997 and $24 billion in dividends. Denahan's tenure has been marked by innovation and entrepreneurship. CEO David Finkelstein credited her vision for the company's significant achievements, noting that her departure will mark the end of an era for Annaly.
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