Annaly Capital Management
Market Cap
US$13.0b
Last Updated
2019/10/21 23:31 UTC
Data Sources
Company Financials +
Executive Summary
Annaly Capital Management, Inc., a diversified capital manager, invests in and finances residential and commercial assets.
Snowflake
Fundamentals
Second-rate dividend payer and slightly overvalued.
Similar Companies
Share Price & News
How has Annaly Capital Management's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
3.2%
NLY
2.1%
US Mortgage REITs
1.0%
US Market
1 Year Return
-9.4%
NLY
-1.2%
US Mortgage REITs
8.0%
US Market
Return vs Industry: NLY underperformed the US Mortgage REITs industry which returned -1.2% over the past year.
Return vs Market: NLY underperformed the US Market which returned 8% over the past year.
Shareholder returns
| NLY | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.2% | 2.1% | 1.0% |
| 30 Day | 0% | 0.8% | -0.07% |
| 90 Day | -6.3% | -0.6% | -1.0% |
| 1 Year | 1.7%-9.4% | 10.0%-1.2% | 10.4%8.0% |
| 3 Year | 22.7%-12.0% | 39.0%0.3% | 46.2%36.7% |
| 5 Year | 37.7%-21.6% | 56.5%-10.1% | 64.3%46.2% |
Price Volatility Vs. Market
How volatile is Annaly Capital Management's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
What Kind Of Shareholders Own Annaly Capital Management, Inc. (NYSE:NLY)?3 months ago | Simply Wall St
Annaly Capital Management (NYSE:NLY) Shareholders Received A Total Return Of 44% In The Last Five Years4 months ago | Simply Wall St
Read This Before Selling Annaly Capital Management, Inc. (NYSE:NLY) SharesValuation
Is Annaly Capital Management undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NLY ($8.95) is trading below our estimate of fair value ($18.2)
Significantly Below Fair Value: NLY is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NLY is unprofitable, so we can't compare its PE Ratio to the Mortgage REITs industry average.
PE vs Market: NLY is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate NLY's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NLY is overvalued based on its PB Ratio (1x) compared to the US Mortgage REITs industry average (1x).
Next Steps
Future Growth
How is Annaly Capital Management forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
99.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NLY is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: NLY is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: NLY is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: NLY's revenue (59.9% per year) is forecast to grow faster than the US market (7.2% per year).
High Growth Revenue: NLY's revenue (59.9% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NLY's Return on Equity is forecast to be low in 3 years time (12.2%).
Next Steps
Past Performance
How has Annaly Capital Management performed over the past 5 years?
4.1%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: NLY is unprofitable, but has reduced losses over the past 5 years at a rate of 4.1% per year.
Accelerating Growth: Unable to compare NLY's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NLY is unprofitable, making it difficult to compare its past year earnings growth to the Mortgage REITs industry (5.2%).
Return on Equity
High ROE: NLY has a negative Return on Equity (-28.62%), as it is currently unprofitable.
Return on Assets
ROA vs Industry: NLY is currently unprofitable, so its Return on Assets is negative.
Return on Capital Employed
ROCE Improving: NLY is currently unprofitable, so its Return on Capital Employed is negative.
Next Steps
Financial Health
How is Annaly Capital Management's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: NLY has a low level of unsold assets or inventory.
Debt Coverage by Assets: NLY's debt is not covered by short term assets (assets are 0.1x debt).
Financial Institutions Analysis
Asset Level: NLY's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if NLY has a sufficient allowance for bad loans.
Low Risk Liabilities: NLY reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if NLY has an acceptable proportion of non-loan assets held.
Low Risk Deposits: NLY has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if NLY has an appropriate level of bad loans.
Next Steps
Dividend
What is Annaly Capital Management's current dividend yield, its reliability and sustainability?
11.17%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: NLY's dividend (11.17%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: NLY's dividend (11.17%) is in the top 25% of dividend payers in the US market (3.68%)
Stable Dividend: NLY's dividend payments have been volatile in the past 10 years.
Growing Dividend: NLY's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: NLY is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: NLY's dividends in 3 years are forecast to be covered by earnings (87.1% payout ratio).
Next Steps
Management
What is the CEO of Annaly Capital Management's salary, the management and board of directors tenure and is there insider trading?
3.3yrs
Average management tenure
CEO
Kevin Keyes (51yo)
4.1yrs
Tenure
Mr. Kevin G. Keyes has been the Chief Executive Officer of Annaly Capital Management, Inc. since September 2015 and as its Chairman since January 1, 2018 and President since October 2012. Previously, Mr. K ...
CEO Compensation Analysis
Compensation vs. Market: Kevin's total compensation ($USD0.00) is too low to compare against companies of similar size in the US market ($USD11.18M).
Compensation vs Earnings: Kevin's compensation has been consistent with company performance over the past year.
Management Age and Tenure
3.3yrs
Average Tenure
51yo
Average Age
Experienced Management: NLY's management team is considered experienced (3.3 years average tenure).
Board Age and Tenure
5.1yrs
Average Tenure
58.5yo
Average Age
Experienced Board: NLY's board of directors are considered experienced (5.1 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 2,780 |
| Max Price | US$8.97 |
| Entity | Company |
| Shares | 30,000 |
| Max Price | US$9.47 |
| Entity | Individual |
| Shares | 60,000 |
| Max Price | US$9.47 |
| Entity | Individual |
| Role | Chief Legal Officer Chief Corporate Officer |
| Shares | 50,000 |
| Max Price | US$9.56 |
| Entity | Individual |
| Role | Chief Investment Officer Chief Investment Officer |
| Shares | 100,000 |
| Max Price | US$9.56 |
| Entity | Individual |
| Role | Chief Executive Officer Chairman |
| Shares | 300,000 |
| Max Price | US$9.62 |
Ownership Breakdown
Management Team
Wellington Denahan-Norris (55yo)
Co-Founder & Director
- Tenure: 23.8yrs
- Compensation: US$251.00k
Glenn Votek (61yo)
Chief Financial Officer
- Tenure: 6.2yrs
Steve Campbell
Head of Business Operations
- Tenure: 0.08yrs
Anthony Green (44yo)
Chief Corporate Officer
- Tenure: 2.6yrs
Kevin Keyes (51yo)
Chairman
- Tenure: 4.1yrs
Purvi Kamdar
Head of Investor Relations
- Tenure: 0yrs
David Finkelstein (46yo)
Chief Investment Officer
- Tenure: 2.9yrs
Helen Crossen
Chief Administrative Officer
- Tenure: 3.8yrs
Miki Kamijyo
Chief Compliance Officer
- Tenure: 0.7yrs
Jillian Detmer
Head of Marketing - Business Development
- Tenure: 0yrs
Board Members
Mike Haylon (60yo)
Independent Director
- Tenure: 11.3yrs
- Compensation: US$259.00k
Wellington Denahan-Norris (55yo)
Co-Founder & Director
- Tenure: 23.8yrs
- Compensation: US$251.00k
John Schaefer (67yo)
Independent Director
- Tenure: 6.4yrs
- Compensation: US$269.00k
Donnell Segalas (61yo)
Independent Director
- Tenure: 22.8yrs
- Compensation: US$277.00k
Jonathan Green (72yo)
Lead Independent Director
- Tenure: 4.8yrs
- Compensation: US$317.00k
Fran Bovich (67yo)
Independent Director
- Tenure: 5.4yrs
- Compensation: US$261.00k
Kathy Hannan (57yo)
Independent Director
- Tenure: 0.7yrs
Kevin Keyes (51yo)
Chairman
- Tenure: 4.1yrs
Vicki Williams (46yo)
Independent Director
- Tenure: 1.8yrs
- Compensation: US$251.00k
Katie Fallon (43yo)
Independent Director
- Tenure: 1.8yrs
- Compensation: US$251.00k
Company Information
Annaly Capital Management, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Annaly Capital Management, Inc.
- Ticker: NLY
- Exchange: NYSE
- Founded: 1996
- Industry: Mortgage REITs
- Sector: Diversified Financials
- Market Cap: US$13.034b
- Shares outstanding: 1.46b
- Website: https://www.annaly.com
Number of Employees
Location
- Annaly Capital Management, Inc.
- 1211 Avenue of the Americas
- New York
- New York
- 10036
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NLY | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Oct 1997 |
| AAY | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Oct 1997 |
| NLY.PRD | NYSE (New York Stock Exchange) | PFD SER D % | US | USD | Sep 2012 | |
| NLY.PRF | NYSE (New York Stock Exchange) | 6.95% PFD SER F | US | USD | Jul 2017 | |
| NLY.PRG | NYSE (New York Stock Exchange) | PFD SER G | US | USD | Jan 2018 | |
| NLY.PRI | NYSE (New York Stock Exchange) | 6.750% CUM PFD I | US | USD | Jun 2019 |
Biography
Annaly Capital Management, Inc., a diversified capital manager, invests in and finances residential and commercial assets. The company invests in various types of agency mortgage-backed securities, non-age ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/21 23:31 |
| End of Day Share Price | 2019/10/21 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.