Annaly Capital Stock Price, News & Analysis

Annaly Capital Management (NYSE: NLY) has priced a public offering of 100 million shares of its common stock, seeking gross proceeds of approximately $645 million. The offering is expected to close on May 18, 2022, subject to customary conditions. The underwriters have the option to purchase an additional 15 million shares. The proceeds will be used to acquire targeted assets, enhance diversification in investments, and meet general corporate needs, including debt obligations.

Annaly Capital Management (NYSE: NLY) announced a public offering of 100 million shares of its common stock, with a 30-day option for underwriters to purchase an additional 15 million shares. The net proceeds will be used for acquiring targeted assets, including Agency MBS pools and residential credit assets, as well as general corporate purposes like paying down obligations. The offering is made under an effective shelf registration statement filed with the SEC, and several major financial institutions are involved as underwriters.

Annaly Capital Management has declared cash dividends for its preferred stock for Q2 2022. The Series F Preferred Stock will pay a dividend of $0.434375 per share, the Series G Preferred Stock $0.40625 per share, and the Series I Preferred Stock $0.421875 per share. These dividends are payable on June 30, 2022 to shareholders of record as of June 1, 2022. Annaly operates as a diversified capital manager focusing on mortgage finance, aiming to generate net income for shareholders.

Annaly Capital Management (NYSE: NLY) reported financial results for Q1 2022, featuring a GAAP net income of $1.37 per share and earnings available for distribution (EAD) holding steady at $0.28 per share. The company declared a quarterly cash dividend of $0.22 per share with a coverage ratio exceeding 125%. Total assets are valued at $84.4 billion, although the Agency portfolio saw a 6% decline due to market volatility. Notably, the portfolio sale of Annaly's Middle Market Lending and a significant growth in its Mortgage Servicing Rights platform were highlighted.

Annaly Capital Management (NYSE: NLY) has signed an agreement to sell its Middle Market Lending portfolio to Ares Capital Management (NYSE: ARES) for approximately $2.4 billion. This sale includes most of the Company’s Middle Market Lending assets and is seen as a strategic move to sharpen focus on its core housing finance strategy. The transaction is expected to enhance Annaly’s book value, while having negligible effects on earnings and dividends. Proceeds will be used to repay financing facilities and acquire targeted assets. Completion is anticipated by Q2 2022.

Ares Management Corporation has announced its agreement to acquire a Middle Market Lending portfolio from Annaly Capital Management for approximately $2.4 billion. This acquisition aims to enhance Ares' position in direct lending by adding a diversified borrower base of upper middle-market companies. Ares’ Credit Group expects significant advantages in deal sourcing and investor returns due to overlapping investments and existing sponsor relationships. The transaction is anticipated to close by the end of Q2 2022, subject to customary conditions.

Annaly Capital Management, Inc. (NYSE:NLY) will release its financial results for Q1 2022 on April 27, 2022, after market hours. A conference call to discuss these results is scheduled for April 28, 2022, at 9:00 a.m. Eastern Time. Investors can pre-register for the call to receive a unique PIN for quick access. The earnings report will provide insights into the company's performance and future outlook, aligning with its goals as a diversified capital manager focused on mortgage finance and corporate lending.

The Board of Directors of Annaly Capital Management (NYSE: NLY) has declared a cash dividend of $0.22 per common share for Q1 2022. This dividend is payable on April 29, 2022, to shareholders of record on March 31, 2022. The ex-dividend date is March 30, 2022. Annaly focuses on generating net income through diversified investments in mortgage finance and corporate middle market lending, emphasizing returns for its stockholders.

Annaly has declared cash dividends for the first quarter of 2022 for its Series F, G, and I Preferred Stocks. The dividend amounts are $0.434375 for Series F, $0.40625 for Series G, and $0.421875 for Series I. These dividends will be payable on March 31, 2022, to shareholders on record as of March 1, 2022. Annaly operates as a diversified capital manager, focusing on generating income for its stockholders through its investment strategies.