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Annaly Capital Management, Inc. (NLY) shares reached a new 52-week high of $22.80 on Wednesday, closing slightly lower at $22.67. Over the past three months, NLY shares have increased by 7%, outperforming the industry growth of 0.2%.
The Federal Reserve’s recent rate cuts have eased mortgage rates; the average for a 30-year fixed mortgage was 6.23% as of November 26, down from 6.26% the previous week. Annaly holds a total investment portfolio valued at $97.8 billion as of September 30, consisting of $87.3 billion in Agency mortgage-backed securities (MBS), most rated ‘AAA’. The company also maintains a decent liquidity position with $8.8 billion in total assets available for financing. Its forward-looking estimates project earnings growth of 7.4% for 2025 and 1.5% for 2026, despite facing risks from market volatility.
In March 2025, Annaly raised its dividend by 7.7% to 70 cents per share, yielding 12.3%. The company currently has a price-to-book (P/B) ratio of 1.17, exceeding the industry average of 0.97.
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