Annaly Capital Stock Price, News & Analysis

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.

Annaly Capital Management (NYSE: NLY) reported its financial results for Q4 and the full year 2021. The company achieved a GAAP net income of $0.27 per share for Q4 and $1.60 per share for the year. Earnings available for distribution (EAD) were $0.28 per share for Q4 and $1.16 for the full year, with dividend coverage at +125%. The total assets stood at $89.2 billion, with a notable increase in capital allocation to credit businesses. However, the economic return was negative at (2.4%) for Q4 and (0.8%) for the full year.

Annaly Capital Management, Inc. (NYSE:NLY) will release its financial results for the quarter and year ended December 31, 2021, after market close on February 9, 2022. A conference call to discuss these results is scheduled for February 10, 2022, at 10:00 a.m. Eastern Time. Participants may pre-register for the call for quicker access. The company is internally managed and focuses on generating net income for its stockholders through diverse investment strategies in mortgage finance and corporate middle market lending.

Annaly Capital Management (NYSE: NLY) has promoted Ilker Ertas to Chief Investment Officer, effective immediately. Ertas, who joined Annaly in 2015, has over 20 years of experience in U.S. fixed income markets and previously managed its Agency and Residential Credit strategies. He succeeds David L. Finkelstein, who will continue as CEO. The change aims to enhance investment strategies, particularly in mortgage servicing rights and residential credit expansions, leveraging Annaly’s robust capital base for competitive returns.

Annaly Capital Management (NYSE: NLY) has announced a cash dividend of $0.22 per common share for the fourth quarter of 2021. This dividend will be payable on January 31, 2022, to shareholders on record as of December 31, 2021. The ex-dividend date is set for December 30, 2021. As a diversified capital manager, Annaly aims to generate net income for its stockholders through prudent management of its investment strategies, primarily focused on mortgage finance and corporate middle market lending.