NLY Annaly Capital Management Inc. Common Stock
NYSE · Real Estate · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Jul 29, 2026
$18.50
· of 52w range
· above low
· to high
$18.3752w low
$24.5252w high
Market Cap (MRQ)
$13.89B
P/E
6.3
EPS
$2.92
your badges
52W Range
$18–$25
Analyst Rating
BUY
Price Target
$24
P/E
6.3
ROE
14.1%
Net Profit Margin
178.5%
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NLY Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$18.50
Market Cap (MRQ)
$13.89B
P/E
6.3
EPS
$2.92
Div Yield
14.4%
ROE
14.1%
52W Range
$18–$25
NLY Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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Stock splits
| Ex-date | Split | Type |
|---|---|---|
| Sept. 26, 2022 | 1-for-4 | Reverse |
About Annaly Capital Management Inc. Common Stock Company overview from Wikipedia
Annaly Capital Management, Inc. is one of the largest mortgage real estate investment trusts. It is organized in Maryland with its principal office in New York City.
The company borrows money, primarily via short term repurchase agreements, and reinvests the proceeds in asset-backed securities. As of December 31, 2023, 88% of the company's assets were mortgage-backed securities issued by either Fannie Mae or Freddie Mac. The company generates profits from the net interest spread between the interest earned from its assets and its borrowing costs, which is amplified from the use of leverage. As of December 31, 2019, the company had a GAAP leverage ratio of 6.8:1.
As of December 31, 2023, the weighted average days to maturity of its repurchase agreements was 44 days.
The company is ranked 857th on the Fortune 1000.
The company is named after Annaly, Ireland, which was ruled by the ancestors of the company's founder.
## History
Annaly Capital Management was founded in 1997 by Michael A.J. Farrell (1951-2012) and Wellington Denahan. Mike Farrell spent 26 years working for investment banks including E.F. Hutton & Co., Morgan Stanley, and Merrill Lynch.
In 2004, the company acquired Fixed Income Discount Advisory, an investment adviser, for $40.5 million in stock.
In October 2012, co-founder Wellington Denahan became CEO after Michael Farrell was diagnosed with cancer; Farrell died that month.
In 2013, the company acquired CreXus Investment for $996 million.
Effective September 30, 2015, Kevin Keyes was named CEO of the company.
In 2016, the company acquired Hatteras Financial for $1.5 billion in cash and stock.
In 2017, the company sold its Pingora servicing subsidiary.
In March 2020, David L. Finkelstein was named Chief Executive Officer and a member of the Board.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
sectorReal Estate
industryReal Estate
employees212
countryUS
10-Year Performance Revenue, net income, margins and EPS trends
EPS$2.922023-12-31 → 2025-12-31
Net margin178.5%2023-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | NLY | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E | 6.3 | · | 12.1 | Undervalued | |
| P/S | 11.5 | · | 9.1 | Pricier | |
| P/B (MRQ) | 0.8 | · | 0.9 | Overvalued | |
| Price / Cash Flow | 18.9 | · | 15.9 | Overvalued | |
| Price / Tangible Book (MRQ) | 0.8 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | NLY | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Pretax Margin | 180.1% | · | 22.5% | Top tier | |
| Net Profit Margin | 178.5% | · | 64.5% | Top tier | |
| ROA | 1.7% | · | 1.4% | Top tier | |
| ROE | 14.1% | · | 8.6% | Top tier |
Financial Health Debt, liquidity, solvency — balance sheet strength
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | NLY | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 358.2% | · | · | · | |
| Revenue CAGR 3Y | -8.2% | · | · | · | |
| Revenue CAGR 5Y | -3.1% | · | · | · | |
| EPS YoY | 80.2% | · | · | · | |
| Net Income YoY | 102.3% | · | · | · | |
| EPS CAGR 3Y | -9.3% | · | · | · | |
| Net Income CAGR 3Y | 5.5% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | NLY | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.0 | · | 0.0 | Weak |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield14.4%
Payout Ratio92.8%
Annualized Payout≈$3.00
5Y Div CAGR≈-4.5%
Growth Streak≈1
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Sep 30, 2026 | $0.75 | USD | ≈15.4% |
| Jun 30, 2026 | $0.75 | USD | ≈12.7% |
| Mar 31, 2026 | $0.70 | USD | ≈13.2% |
| Dec 31, 2025 | $0.70 | USD | ≈12.5% |
| Sep 30, 2025 | $0.70 | USD | ≈13.6% |
| Jun 30, 2025 | $0.70 | USD | ≈14.3% |
| Mar 31, 2025 | $0.70 | USD | ≈13.0% |
| Dec 31, 2024 | $0.65 | USD | ≈14.2% |
| Sep 30, 2024 | $0.65 | USD | ≈13.0% |
| Jun 28, 2024 | $0.65 | USD | ≈13.6% |
| Mar 27, 2024 | $0.65 | USD | ≈13.4% |
| Dec 28, 2023 | $0.65 | USD | ≈13.1% |
| Sep 28, 2023 | $0.65 | USD | ≈15.1% |
| Jun 29, 2023 | $0.65 | USD | ≈15.3% |
| Mar 30, 2023 | $0.65 | USD | ≈17.5% |
| Dec 29, 2022 | $0.88 | USD | ≈16.5% |
| Sep 29, 2022 | $0.88 | USD | ≈20.1% |
| Jun 29, 2022 | $0.88 | USD | ≈14.9% |
| Mar 30, 2022 | $0.88 | USD | ≈12.4% |
| Dec 30, 2021 | $0.88 | USD | ≈11.1% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
1.5%
Next Report
Oct 20, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 21, 2026 | $0.79 | $0.76 | 4.6% |
| March 31, 2026 | $0.76 | $0.75 | 1.1% | |
| Dec. 31, 2025 | $0.74 | $0.74 | 0.16% | |
| Sept. 30, 2025 | $0.73 | $0.73 | 0.21% | |
| June 30, 2025 | $0.73 | $0.72 | 0.77% | |
| March 31, 2025 | $0.72 | $0.70 | 2.1% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SG&A Expense | $200M | $171M | $163M | $163M | $186M | $222M | $272M | $330M | $224M | $250M | $200M | $209M | |
| Interest Expense | $4.82B | $4.59B | $3.84B | $1.31B | $249M | $899M | $2.78B | $1.90B | $1.01B | $658M | $472M | $513M | |
| Interest Income | $5.96B | $4.84B | $3.73B | $2.78B | $1.98B | $2.23B | $3.79B | $3.33B | $2.49B | $2.21B | $2.17B | $2.63B | |
| Other Non-op | $51M | $95M | $74M | $7M | $1M | $-31M | $107M | $110M | · | · | · | $-2.75B | |
| Pretax Income | $2.04B | $1.03B | $-1.60B | $1.77B | $2.40B | $-918M | $-2.17B | $52M | $1.58B | $1.43B | $464M | $-837M | |
| Income Tax | $-7M | $15M | $39M | $46M | $5M | $-28M | $-11M | $-2M | $7M | $-2M | $-2M | $5M | |
| Net Income | $2.03B | $1.00B | $-1.64B | $1.73B | $2.39B | $-891M | $-2.16B | $54M | $1.57B | $1.43B | $467M | $-842M | |
| EPS (Basic) | $2.92 | $1.62 | $-3.61 | $3.93 | $6.40 | $-2.92 | $-1.60 | $-0.06 | $1.37 | $1.39 | $0.42 | $-0.96 | |
| EPS (Diluted) | $2.92 | $1.62 | $-3.61 | $3.92 | $6.39 | $-2.92 | $-1.60 | $-0.06 | $1.37 | $1.39 | $0.42 | $-0.96 | |
| Shares (Basic) | 639,513,399 | 521,737,554 | 494,541,323 | 411,348,484 | 356,856,520 | 353,664,860 | 1,434,912,682 | 1,209,601,809 | 1,065,923,652 | 969,787,583 | 947,062,099 | 947,539,294 | |
| Shares (Diluted) | 641,042,741 | 522,747,610 | 494,541,323 | 411,621,758 | 357,142,251 | 353,664,860 | 1,434,912,682 | 1,209,601,809 | 1,066,351,616 | 970,102,353 | 947,276,742 | 947,539,294 |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | · | $1.41B | $1.58B | $1.34B | $1.24B | $1.85B | $1.74B | $707M | $1.54B | $1.77B | $1.74B | |
| Goodwill | · | · | · | · | $0 | $72M | $72M | $72M | $72M | $72M | $72M | $95M | |
| Intangibles | $7M | $9M | $12M | $17M | $24M | $56M | $21M | $29M | $23M | $34M | $39M | $38M | |
| Total Assets | $135.61B | $103.56B | $93.23B | $81.85B | $76.76B | $88.46B | $130.30B | $105.79B | $101.76B | $87.91B | $75.19B | $88.36B | |
| Total Liabilities | $119.45B | $90.86B | $81.88B | $70.48B | $63.57B | $74.43B | $114.50B | $91.67B | $86.89B | $75.33B | $63.28B | $75.02B | |
| Long-term Debt | · | · | · | · | · | $430M | $491M | · | $312M | $315M | $338M | · | |
| Common Stock | $7M | $6M | $5M | $5M | $4M | $14M | $14M | $13M | $12M | $10M | $9M | $9M | |
| Paid-in Capital | $27.93B | $25.26B | $23.67B | $22.98B | $20.32B | $19.75B | $19.97B | $18.79B | $17.22B | $15.58B | $14.68B | $14.79B | |
| Retained Earnings | $-13.16B | $-13.17B | $-12.62B | $-9.54B | $-9.65B | $-10.67B | $-8.31B | $-4.49B | $-2.96B | $-3.14B | $-3.32B | $-2.59B | |
| AOCI | $-489M | $-1.02B | $-1.34B | $-3.71B | $958M | $3.37B | $2.14B | $-1.98B | $-1.13B | $-1.09B | $-378M | $205M | |
| Stockholders' Equity | $16.09B | $12.61B | $11.26B | $11.27B | $13.17B | $14.01B | $15.79B | $14.11B | $14.87B | $12.57B | $11.90B | $13.33B | |
| Liabilities + Equity | $135.61B | $103.56B | $93.23B | $81.85B | $76.76B | $88.46B | $130.30B | $105.79B | $101.76B | $87.91B | $75.19B | $88.36B | |
| Shares Outstanding | 706,972,452 | 578,357,118 | 500,080,287 | 468,309,810 | 364,934,065 | 1,398,240,618 | 1,430,106,199 | 1,313,763,450 | 1,159,585,078 | 1,018,913,249 | 935,929,561 | 947,643,079 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Tax | $-7M | $14M | $39M | $45M | · | · | · | · | · | · | · | · | |
| Amort. of Intangibles | $3M | $3M | $3M | $3M | $7M | $10M | $8M | $9M | $9M | $13M | $7M | $1M | |
| Operating Cash Flow | $693M | $3.31B | $2.37B | $5.37B | $3.08B | $528M | $-1.20B | $2.62B | $1.63B | $1.58B | $-3.64B | $6.13B | |
| Investing Cash Flow | $-27.36B | $-14.98B | $-8.42B | $-14.53B | $4.90B | $40.35B | $-20.64B | $-908M | $-14.67B | $-2.06B | $12.15B | · | |
| Debt Issued | · | · | · | · | · | · | · | · | $0 | $0 | $192M | $127M | |
| Net Debt Issued | · | · | · | · | · | · | · | · | $0 | · | $192M | · | |
| Stock Issued | $2.91B | $1.56B | $674M | $2.64B | $552M | $1M | $1.83B | $1.53B | $2.35B | $2M | $0 | · | |
| Stock Repurchased | · | · | · | $0 | $0 | $209M | $224M | $0 | $0 | $103M | $114M | · | |
| Net Stock Activity | $2.91B | $1.56B | $674M | $2.64B | $552M | $-208M | $1.61B | $1.53B | $1.65B | $-103M | $-114M | · | |
| Dividends Paid | $1.88B | $1.49B | $1.52B | $1.52B | $1.36B | $1.48B | $1.69B | $1.54B | $1.35B | $1.22B | $1.21B | $1.21B | |
| Financing Cash Flow | $27.22B | $11.75B | $5.88B | $9.39B | $-7.88B | $-41.49B | $21.96B | $-684M | $12.20B | $252M | $-8.47B | · | |
| Net Change in Cash | $550M | $76M | $-165M | $235M | $98M | $-607M | $115M | $1.03B | $-833M | $-230M | $28M | $1.19B | |
| Taxes Paid | $700.0K | $-2M | $1M | $-492.0K | $-4M | $2M | $2M | $-295.0K | $-2M | $934.0K | $2M | $8M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 178.5% | 404.3% | 1475.2% | 117.4% | 137.8% | -67.0% | -215.8% | 3.8% | 105.7% | 92.3% | 27.5% | -39.7% | |
| Pretax Margin | 180.1% | 414.5% | 1435.6% | 120.6% | 138.5% | -69.0% | -216.9% | 3.6% | 106.1% | 92.1% | 27.3% | -39.5% | |
| ROA | 1.7% | 0.98% | -1.8% | 2.2% | 2.9% | -0.81% | -1.8% | 0.05% | 1.7% | 1.8% | 0.57% | -0.99% | |
| ROE | 14.1% | 8.4% | -14.6% | 14.1% | 17.6% | -6.0% | -14.5% | 0.38% | 11.4% | 11.7% | 3.7% | -6.5% |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | -0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $22.76 | $21.80 | $22.51 | $24.07 | $9.02 | $10.02 | $11.04 | $10.74 | $12.82 | $12.33 | $12.71 | $14.06 | |
| Revenue / Share | $1.77 | $0.47 | $-0.23 | $3.57 | $1.21 | $0.94 | $0.70 | $1.19 | $1.39 | $1.60 | $1.79 | $2.24 | |
| Cash Flow / Share | $1.08 | $6.33 | $4.79 | $13.05 | $2.15 | $0.37 | $-0.84 | $2.17 | $6.50 | $7.07 | $-3.34 | $6.47 | |
| Cash / Share | · | · | $2.82 | $3.37 | $0.92 | $0.89 | $1.29 | $1.32 | $0.61 | $1.51 | $1.89 | $1.84 | |
| Dividend / Share | $2.80 | $2.60 | $2.60 | $3.52 | $3.52 | $0.91 | $1.05 | $1.20 | $1.20 | $1.20 | $1.20 | $1.20 | |
| Dividend Paid / Share | $0.70 | $0.65 | $0.65 | $0.88 | $0.88 | $0.22 | $0.25 | $0.30 | $0.30 | $0.30 | $0.30 | · | |
| EPS (TTM) | $2.92 | $1.62 | $-3.61 | $3.92 | $6.39 | $-2.92 | $-1.60 | $-0.06 | $1.37 | $1.39 | $0.42 | $-0.96 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 358.2% | · | · | -15.3% | 30.3% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -8.2% | -47.7% | · | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | -3.1% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 80.2% | · | · | -38.6% | · | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | -9.3% | -36.7% | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 102.3% | · | · | -27.8% | · | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 5.5% | -25.2% | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | 5.0% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.14B | $248M | $-111M | $1.47B | $1.73B | $1.33B | $1.00B | $1.43B | $1.48B | $1.55B | $1.70B | $2.12B | |
| Net Income TTM | $2.03B | $1.00B | $-1.64B | $1.73B | $2.39B | $-891M | $-2.16B | $54M | $1.57B | $1.43B | $467M | $-842M | |
| Market Cap | $15.81B | $10.58B | $9.69B | $9.87B | $45.66B | $47.26B | $53.89B | $51.60B | $55.15B | $40.63B | $35.12B | $40.98B | |
| P/E | 7.7 | 11.3 | -5.4 | 5.4 | 4.9 | -11.6 | -23.6 | -654.7 | 34.7 | 28.7 | 89.3 | -45.0 | |
| P/S | 13.9 | 42.7 | -87.0 | 6.7 | 26.3 | 35.5 | 53.8 | 36.0 | 37.1 | 26.2 | 20.7 | 19.3 | |
| P/B | 1.0 | 0.8 | 0.9 | 0.9 | 3.5 | 3.4 | 3.4 | 3.7 | 3.7 | 3.2 | 3.0 | 3.1 | |
| P / Tangible Book | 1.0 | 0.8 | 0.9 | 0.9 | 3.5 | 3.4 | · | · | · | · | · | · | |
| P / Cash Flow | 22.8 | 3.2 | 4.1 | 1.8 | 14.8 | 89.5 | -44.9 | 19.7 | 8.0 | 5.9 | -11.1 | 6.7 | |
| Dividend Yield | 11.9% | 14.1% | 15.7% | 15.4% | 3.0% | 3.1% | 3.1% | 3.0% | 2.5% | 3.0% | 3.4% | 2.9% | |
| Earnings Yield | 13.1% | 8.8% | -18.6% | 18.6% | 20.4% | -8.6% | -4.2% | -0.15% | 2.9% | 3.5% | 1.1% | -2.2% | |
| Payout Ratio | 92.8% | 149.1% | -92.4% | 88.1% | 56.9% | -165.6% | -78.1% | 2832.1% | 86.2% | 85.2% | 259.2% | -143.6% | |
| Annual Payout | $1.88B | $1.49B | $1.52B | $1.52B | $1.36B | $1.48B | $1.69B | $1.54B | $1.35B | $1.22B | $1.21B | $1.21B |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SG&A Expense | $58M | $53M | $51M | $50M | $50M | $48M | $44M | $44M | $45M | $39M | $39M | $40M | $43M | $41M | $43M | $38M | |
| Interest Expense | $1.32B | $1.27B | $1.32B | $1.26B | $1.15B | $1.10B | $1.15B | $1.22B | $1.12B | $1.10B | $1.04B | $1.05B | $953M | $799M | $664M | $400M | |
| Interest Income | $1.81B | $1.72B | $1.69B | $1.53B | $1.42B | $1.32B | $1.34B | $1.23B | $1.18B | $1.09B | $990M | $1.00B | $921M | $818M | $799M | $678M | |
| Other Non-op | $14M | $9M | $14M | $14M | $16M | $7M | $19M | $27M | $25M | $23M | $23M | $26M | $9M | $15M | $8M | $2M | |
| Pretax Income | $835M | $289M | $1.01B | $835M | $61M | $139M | $483M | $76M | $3M | $464M | $-390M | $-557M | $175M | $-828M | $-887M | $-278M | |
| Income Tax | $7M | $-2M | $-8M | $-8M | $440.0K | $8M | $10M | $-6M | $12M | $-943.0K | $2M | $12M | $14M | $11M | $-86.0K | $-4M | |
| Net Income | $823M | $283M | $1.01B | $832M | $57M | $124M | $482M | $66M | $-9M | $463M | $-404M | $-562M | $167M | $-844M | $-888M | $-275M | |
| EPS (Basic) | $1.06 | $0.33 | $1.53 | $1.21 | $0.03 | $0.15 | $0.81 | $0.05 | $-0.09 | $0.85 | $-0.88 | $-1.21 | $0.27 | $-1.79 | $-3.04 | $-0.70 | |
| EPS (Diluted) | $1.06 | $0.33 | $1.54 | $1.20 | $0.03 | $0.15 | $0.81 | $0.05 | $-0.09 | $0.85 | $-0.88 | $-1.21 | $0.27 | $-1.79 | $-3.04 | $-0.70 | |
| Shares (Basic) | 738,926,270 | 722,707,153 | · | 656,335,974 | 620,208,712 | 587,149,704 | · | 515,729,658 | 500,950,563 | 500,612,840 | · | 494,330,361 | 494,165,256 | 489,688,364 | · | 429,858,876 | |
| Shares (Diluted) | 740,256,247 | 724,364,897 | · | 657,856,427 | 621,103,218 | 588,420,998 | · | 516,832,152 | 500,950,563 | 501,182,043 | · | 494,330,361 | 494,358,982 | 489,688,364 | · | 429,858,876 |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Intangibles | $5M | $6M | $7M | $7M | $8M | $9M | $9M | $10M | $11M | $11M | · | $13M | $15M | $16M | · | $17M | |
| Total Assets | $143.74B | $138.54B | $135.61B | $125.86B | $112.14B | $105.12B | $103.56B | $101.52B | $93.67B | $91.48B | $93.23B | $89.65B | $89.33B | $86.83B | $81.85B | $85.41B | |
| Total Liabilities | $126.76B | $122.21B | $119.45B | $110.86B | $98.67B | $92.03B | $90.86B | $88.98B | $82.41B | $79.99B | · | $78.97B | $77.44B | $74.92B | · | $74.46B | |
| Common Stock | $8M | $7M | $7M | $7M | $6M | $6M | $6M | $6M | $5M | $5M | · | $5M | $5M | $5M | · | $5M | |
| Paid-in Capital | $28.89B | $28.43B | $27.93B | $27.35B | $26.52B | $25.75B | $25.26B | $24.85B | $23.69B | $23.67B | · | $23.57B | $23.55B | $23.54B | · | $22.97B | |
| Retained Earnings | $-13.21B | $-13.43B | $-13.16B | $-13.63B | $-13.94B | $-13.51B | $-13.17B | $-13.24B | $-12.90B | $-12.52B | · | $-11.86B | $-10.93B | $-10.74B | · | $-8.21B | |
| AOCI | $-557M | $-534M | $-489M | $-624M | $-740M | $-787M | $-1.02B | $-712M | $-1.16B | $-1.28B | · | $-2.69B | $-2.38B | $-2.55B | · | $-5.43B | |
| Stockholders' Equity | $16.93B | $16.27B | $16.09B | $14.91B | $13.38B | $12.99B | $12.61B | $12.44B | $11.18B | $11.41B | · | $10.56B | $11.78B | $11.79B | · | $10.87B | |
| Liabilities + Equity | $143.74B | $138.54B | $135.61B | $125.86B | $112.14B | $105.12B | $103.56B | $101.52B | $93.67B | $91.48B | · | $89.65B | $89.33B | $86.83B | · | $85.41B | |
| Shares Outstanding | 750,574,308 | 730,290,500 | 706,972,452 | 681,052,317 | 642,076,127 | 602,338,286 | 578,357,118 | 558,047,743 | 501,018,415 | 500,440,023 | · | 494,814,038 | 493,893,288 | 493,880,938 | · | 467,911,144 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Tax | $8M | $-3M | $-8M | $-8M | $440.0K | $8M | $9M | $-6M | $12M | $-943.0K | · | · | · | · | · | · | |
| Amort. of Intangibles | $673.0K | $673.0K | $672.0K | $673.0K | $672.0K | $673.0K | · | $673.0K | $672.0K | $673.0K | · | $759.0K | $758.0K | $758.0K | · | $758.0K | |
| Operating Cash Flow | $1.62B | $-1.40B | $644M | $24M | $181M | $-156M | $2.81B | $-1.67B | $477M | $1.70B | $379M | $1.87B | $1.14B | $-1.02B | $202M | $2.45B | |
| Investing Cash Flow | $-6.22B | $-4.40B | $-9.89B | $-11.82B | $-7.31B | $1.66B | $-6.25B | $-4.43B | $-4.14B | $-167M | $1.20B | $-5.37B | $-3.17B | $-1.08B | $-5.53B | $-6.94B | |
| Stock Issued | $447M | $508M | $565M | $1.09B | $761M | $496M | $398M | $1.15B | $11M | $-48.0K | $94M | $18M | $-118.0K | $563M | $9M | $1.67B | |
| Net Stock Activity | · | $508M | · | · | · | $496M | · | · | · | $-48.0K | · | · | · | $563M | · | · | |
| Dividends Paid | $552M | $536M | $523M | $487M | $459M | $413M | $402M | $367M | $363M | $362M | $359M | $358M | $357M | $444M | $442M | $381M | |
| Financing Cash Flow | $5.60B | $5.67B | $9.19B | $11.83B | $7.36B | $-1.16B | $3.37B | $6.07B | $3.58B | $-1.28B | $-1.41B | $3.51B | $1.47B | $2.32B | $5.44B | $5.10B | |
| Net Change in Cash | $1000M | $-125M | $-59M | $38M | $225M | $346M | $-72M | $-27M | $-78M | $253M | $171M | $4M | $-557M | $217M | $111M | $612M | |
| Taxes Paid | $1M | $54.0K | $1M | $-150.0K | $34.0K | $-237.0K | · | $-470.0K | $-421.0K | $-236.0K | · | $2M | $-515.0K | $-139.0K | $2M | $-509.0K |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 168.5% | 62.4% | · | 301.9% | 20.9% | 56.5% | · | 495.8% | -17.7% | -7175.5% | · | 1240.1% | -522.6% | -4337.8% | · | -99.0% | |
| Pretax Margin | 171.0% | 63.8% | · | 302.9% | 22.3% | 63.0% | · | 568.7% | 5.8% | -7196.3% | · | 1228.0% | -549.0% | -4255.7% | · | -100.1% | |
| ROA | 0.64% | 0.23% | · | 0.73% | 0.06% | 0.13% | · | 0.07% | -0.01% | 0.52% | · | -0.64% | 0.20% | -1.0% | · | -0.34% | |
| ROE | 5.4% | 1.9% | · | 6.1% | 0.46% | 1.0% | · | 0.58% | -0.08% | 4.0% | · | -5.2% | 1.5% | -7.3% | · | -2.2% |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | -0.0 | · | -0.0 | -0.0 | 0.0 | · | 0.0 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $22.55 | $22.28 | · | $21.89 | $20.84 | $21.57 | · | $22.30 | $22.32 | $22.80 | · | $21.35 | $23.84 | $23.88 | · | $23.22 | |
| Revenue / Share | $0.66 | $0.62 | · | $0.42 | $0.44 | $0.37 | · | $0.03 | $0.11 | $-0.01 | · | $-0.09 | $-0.06 | $0.04 | · | $0.65 | |
| Cash Flow / Share | · | $-1.93 | · | · | · | $-0.27 | · | · | · | $3.39 | · | · | · | $-2.08 | · | · | |
| Dividend / Share | $0.75 | $0.70 | $0.70 | $0.70 | $0.70 | $0.70 | $0.65 | $0.65 | $0.65 | $0.65 | · | $0.65 | $0.65 | $0.65 | · | $0.88 | |
| Dividend Paid / Share | $0.75 | $0.70 | $-1.40 | $0.70 | $0.70 | $0.70 | $-1.30 | $0.65 | $0.65 | $0.65 | · | $0.65 | $0.65 | $0.65 | · | $0.88 | |
| EPS (TTM) | $4.13 | $3.10 | · | $2.19 | $1.04 | $0.92 | · | $-0.07 | $-1.33 | $-0.97 | · | $-5.77 | $-5.26 | $-3.33 | · | $10.99 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.58B | $1.37B | · | $956M | $694M | $474M | · | $7M | $-52M | $-137M | · | $77M | $401M | $908M | · | $1.70B | |
| Net Income TTM | $2.95B | $2.19B | · | $1.50B | $730M | $663M | · | $116M | $-513M | $-336M | · | $-2.13B | $-1.84B | $-1.14B | · | $3.03B | |
| Market Cap | $16.78B | $15.45B | · | $13.76B | $12.08B | $12.23B | · | $11.20B | $9.55B | $9.85B | · | $9.31B | $9.88B | $9.44B | · | $8.03B | |
| P/E | 5.4 | 6.8 | · | 9.2 | 18.1 | 22.1 | · | -286.7 | -14.3 | -20.3 | · | -3.3 | -3.8 | -5.7 | · | 1.6 | |
| P/S | 10.6 | 11.3 | · | 14.4 | 17.4 | 25.8 | · | 1609.7 | -184.4 | -71.8 | · | 120.5 | 24.7 | 10.4 | · | 4.7 | |
| P/B | 1.0 | 0.9 | · | 0.9 | 0.9 | 0.9 | · | 0.9 | 0.9 | 0.9 | · | 0.9 | 0.8 | 0.8 | · | 0.7 | |
| P / Tangible Book | 1.0 | 0.9 | · | 0.9 | 0.9 | 0.9 | · | 0.9 | 0.9 | 0.9 | · | 0.9 | 0.8 | 0.8 | · | 0.7 | |
| P / Cash Flow | · | -11.0 | · | · | · | -78.3 | · | · | · | 5.8 | · | · | · | -9.3 | · | · | |
| Dividend Yield | 12.5% | 13.0% | · | 12.8% | 13.6% | 12.6% | · | 13.0% | 15.1% | 14.6% | · | 17.2% | 16.4% | 17.1% | · | 17.7% | |
| Earnings Yield | 18.5% | 14.7% | · | 10.8% | 5.5% | 4.5% | · | -0.35% | -7.0% | -4.9% | · | -30.7% | -26.3% | -17.4% | · | 64.0% | |
| Payout Ratio | · | 189.5% | · | · | · | 332.6% | · | · | · | 78.2% | · | · | · | -52.6% | · | · | |
| Annual Payout | $2.10B | $2.00B | · | $1.76B | $1.64B | $1.54B | · | $1.45B | $1.44B | $1.44B | · | $1.60B | $1.62B | $1.62B | · | $1.42B |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Net Income | $2.03B | · | · | $1.00B | · |
| Diluted EPS | $2.92 | · | · | $1.62 | · |
No data for this statement
Not enough fundamentals data to build this statement yet.
No data for this statement
Not enough fundamentals data to build this statement yet.
Institutional owners (13F) 853 filers · $11.0B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
853
Value held
$11.0B
New positions
86
Exited positions
62
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 86 (-36 vs prior Q) | 62 (-9 vs prior Q) | 359 (-4 vs prior Q) | 213 (+30 vs prior Q) | +21.8M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| BlackRock, Inc. | $1,950,229,954 | 87,219,586 | 17.72% | Shares |
| VANGUARD GROUP INC | $1,422,400,968 | 63,613,639 | 12.92% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $735,653,570 | 32,900,428 | 6.68% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $698,772,293 | 31,250,997 | 6.35% | Shares |
| STATE STREET CORP | $679,468,329 | 29,426,379 | 6.17% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $465,121,934 | 20,823,764 | 4.23% | Shares |
| FMR LLC | $319,483,756 | 14,288,182 | 2.90% | Shares |
| Allspring Global Investments Holdings, LLC | $256,113,998 | 11,536,667 | 2.33% | Shares |
| NORGES BANK | $201,106,779 | 8,994,042 | 1.83% | Shares |
| NORTHERN TRUST CORP | $173,484,465 | 7,758,697 | 1.58% | Shares |
| Invesco Ltd. | $172,710,831 | 7,724,098 | 1.57% | Shares |
| CITADEL ADVISORS LLC | $150,732,919 | 6,741,186 | 1.37% | Shares |
| MORGAN STANLEY | $148,397,747 | 6,636,749 | 1.35% | Shares |
| JPMORGAN CHASE & CO | $138,002,911 | 5,961,247 | 1.25% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $121,365,809 | 5,427,809 | 1.10% | Shares |
| AMERIPRISE FINANCIAL INC | $112,518,801 | 5,030,245 | 1.02% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $111,194,306 | 5,257,414 | 1.01% | Shares |
| Bank of New York Mellon Corp | $107,367,811 | 4,801,781 | 0.98% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $103,443,979 | 4,626,296 | 0.94% | Shares |
| D. E. Shaw & Co., Inc. | $88,131,604 | 3,941,485 | 0.80% | Shares |
| VAN ECK ASSOCIATES CORP | $69,274,791 | 3,098,157 | 0.63% | Shares |
| Advisors Capital Management, LLC | $66,759,542 | 2,985,668 | 0.61% | Shares |
| Amundi | $63,094,755 | 2,821,769 | 0.57% | Shares |
| Brandywine Global Investment Management, LLC | $61,980,690 | 2,771,945 | 0.56% | Shares |
| PFA Pension, Forsikringsaktieselskab | $61,460,234 | 2,748,669 | 0.56% | Shares |
| BANK OF AMERICA CORP /DE/ | $61,012,546 | 2,728,647 | 0.55% | Shares |
| Legal & General Group Plc | $56,517,720 | 2,527,626 | 0.51% | Shares |
| FRANKLIN RESOURCES INC | $55,610,796 | 2,487,066 | 0.51% | Shares |
| GOLDMAN SACHS GROUP INC | $53,043,697 | 2,372,258 | 0.48% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $48,688,274 | 2,177,472 | 0.44% | Shares |
| RHUMBLINE ADVISERS | $46,024,151 | 2,058,328 | 0.42% | Shares |
| Swiss National Bank | $45,305,832 | 2,026,200 | 0.41% | Shares |
| UBS Group AG | $45,135,091 | 2,018,564 | 0.41% | Shares |
| FIRST TRUST ADVISORS LP | $43,715,667 | 1,955,084 | 0.40% | Shares |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $43,186,439 | 1,931,415 | 0.39% | Shares |
| Russell Investments Group, Ltd. | $37,757,181 | 1,681,567 | 0.34% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $37,555,162 | 1,679,569 | 0.34% | Shares |
| WELLS FARGO & COMPANY/MN | $36,003,573 | 1,610,178 | 0.33% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $33,902,232 | 1,516,200 | 0.31% | Put option |
| Cetera Investment Advisers | $33,064,329 | 1,478,727 | 0.30% | Shares |
| ROYAL BANK OF CANADA | $32,918,000 | 1,472,094 | 0.30% | Shares |
| DANSKE BANK A/S | $32,719,388 | 1,463,300 | 0.30% | Shares |
| LPL Financial LLC | $32,360,937 | 1,447,269 | 0.29% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $32,102,967 | 1,435,732 | 0.29% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $31,516,420 | 1,409,500 | 0.29% | Call option |
| DEUTSCHE BANK AG\ | $31,191,462 | 1,394,967 | 0.28% | Shares |
| Tredje AP-fonden | $31,126,126 | 1,392,045 | 0.28% | Shares |
| SEI INVESTMENTS CO | $30,904,245 | 1,382,130 | 0.28% | Shares |
| Nuveen, LLC | $30,615,224 | 1,369,196 | 0.28% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $29,747,061 | 1,330,369 | 0.27% | Shares |
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Annaly Capital Management, Inc. ×8 filings | May 23, 2013 | · | Initial filing | · | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 35 insiders · 16 officers · 22 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| David L Finkelstein | CEO and Co-CIO | Aug. 3, 2026 S | 761,012 | 0 | 4 | $-4,503,000 |
| Kevin Keyes | Chairman, CEO & President | May 6, 2019 P | 1,284,779 | 0 | 0 | $0 |
| Michael A J Farrell | Pres., Chairman of Board & CEO | Oct. 2, 2012 M | 2,706,392 | 0 | 0 | $0 |
| Serena Wolfe | Chief Financial Officer | May 4, 2026 S | 200,964 | 0 | 2 | $-754,395 |
| Kathryn Fagan | CHIEF FINANCIAL OFFICER | April 27, 2012 M | 290,482 | 0 | 0 | $0 |
| Steven Francis Campbell | President and COO | Feb. 25, 2026 F | 219,763 | 0 | 2 | $-1,257,352 |
| James Fortescue | COO | Nov. 11, 2013 P | 160,261 | 0 | 0 | $0 |
| Anthony C Green | Chief Corporate Officer, CLO | Nov. 3, 2025 S | 178,441 | 0 | 1 | $-475,854 |
| Ilker Ertas | Chief Investment Officer | Feb. 1, 2022 A | 333,083 | 0 | 0 | $0 |
| Timothy P Coffey | Chief Credit Officer | Feb. 1, 2022 A | 399,501 | 0 | 0 | $0 |
| Nicholas R Singh | Chief Legal Officer | May 6, 2016 P | 21,899 | 0 | 0 | $0 |
| Rose-Marie Lyght | Co-CIO | Nov. 26, 2013 P | 163,011 | 0 | 0 | $0 |
| Kristopher Robert Konrad | Co-CIO | Aug. 13, 2013 P | 213,035 | 0 | 0 | $0 |
| Jeremy Diamond | MANAGING DIRECTOR | Oct. 15, 2012 M | 91,989 | 0 | 0 | $0 |
| Ronald Daniel Kazel | Managing Director | Dec. 13, 2011 M | 156,938 | 0 | 0 | $0 |
| Jennifer S. Karve | EVP and Portfolio Manager | July 7, 2005 A | 103,092 | 0 | 0 | $0 |
| Scott Wede | Director | June 10, 2026 A | · | 0 | 0 | $0 |
| Manon Laroche | Director | June 10, 2026 A | · | 0 | 0 | $0 |
| Martin Laguerre | Director | June 10, 2026 A | · | 0 | 0 | $0 |
| Eric A. Reeves | Director | June 10, 2026 A | 30,593 | 0 | 0 | $0 |
| Thomas Edward Hamilton | Director | June 10, 2026 A | 0 | 0 | 0 | $0 |
| Kathy Hopinkah Hannan | Director | June 10, 2026 A | 38,143 | 0 | 0 | $0 |
| Vicki Williams | Director | June 10, 2026 A | · | 0 | 0 | $0 |
| Glenn Votek | Director | June 10, 2026 A | 350,052 | 0 | 0 | $0 |
| Francine J. Bovich | Director | May 15, 2024 A | 13,500 | 0 | 0 | $0 |
| Michael E Haylon | Director | May 15, 2024 A | · | 0 | 0 | $0 |
| John H Schaefer | Director | May 15, 2024 A | 87,494 | 0 | 0 | $0 |
| Wellington Denahan | Director | May 18, 2023 M | 256,857 | 0 | 0 | $0 |
| Katherine Beirne Fallon | Director | July 14, 2022 M | 54,699 | 0 | 0 | $0 |
| Donnell Segalas | Director | May 20, 2020 A | 500 | 0 | 0 | $0 |
| Jonathan D Green | Director | May 22, 2019 A | 45,750 | 0 | 0 | $0 |
| Kevin Brady | Director | May 23, 2018 A | 48,750 | 0 | 0 | $0 |
| Wayne E Nordberg | Director | May 23, 2018 A | 43,250 | 0 | 0 | $0 |
| John Lambiase | Director | June 26, 2012 A | 58,062 | 0 | 0 | $0 |
| Spencer I Browne | Director | Dec. 21, 2004 M | 36,558 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 84 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| DVDN · ETF Opportunities Trust | 7.19% | 9,685 NS | July 31, 2026 | N-PORT |
| KBWD · Invesco Exchange-Traded Fund Trust … | 3.09% | 576,308 | Oct. 2, 2026 | Daily |
| PAMC · Pacer Funds Trust | 2.11% | 49,848 NS | July 31, 2026 | N-PORT |
| XMVM · Invesco Exchange-Traded Fund Trust | 1.36% | 353,034 | Oct. 2, 2026 | Daily |
| FXO · First Trust Exchange-Traded AlphaDE… | 1.22% | 605,796 NS | July 31, 2026 | N-PORT |
| IYR · iShares Trust | 1.22% | 2,260,388 SH | Sept. 11, 2026 | Daily |
| FDVV · FIDELITY COVINGTON TRUST | 1.21% | 5,406,345 NS | July 31, 2026 | N-PORT |
| XMLV · Invesco Exchange-Traded Fund Trust … | 1.17% | 415,994 | Oct. 2, 2026 | Daily |
| XMMO · Invesco Exchange-Traded Fund Trust | 1.08% | 3,958,771 | Oct. 2, 2026 | Daily |
| HSMV · First Trust Exchange-Traded Fund III | 1.03% | 15,973 NS | July 31, 2026 | N-PORT |
| IVOV · VANGUARD ADMIRAL FUNDS | 0.94% | 629,166 SH | Aug. 19, 2026 | Daily |
| PFF · iShares Trust | 0.91% | 4,553,823 SH | Sept. 11, 2026 | Daily |
| FTA · First Trust Exchange-Traded AlphaDE… | 0.87% | 537,648 NS | July 31, 2026 | N-PORT |
| CZA · Invesco Exchange-Traded Fund Trust | 0.73% | 76,599 | Oct. 2, 2026 | Daily |
| FDRR · FIDELITY COVINGTON TRUST | 0.71% | 228,919 NS | July 31, 2026 | N-PORT |
| HDUS · Lattice Strategies Trust | 0.70% | 62,630 NS | July 31, 2026 | N-PORT |
| IQSM · New York Life Investments ETF Trust | 0.64% | 93,034 NS | July 31, 2026 | N-PORT |
| FVAL · FIDELITY COVINGTON TRUST | 0.53% | 308,098 NS | July 31, 2026 | N-PORT |
| FBCV · FIDELITY COVINGTON TRUST | 0.51% | 39,785 NS | July 31, 2026 | N-PORT |
| PTMC · Pacer Funds Trust | 0.47% | 80,507 NS | July 31, 2026 | N-PORT |
| QVMM · Invesco Exchange-Traded Fund Trust … | 0.47% | 98,912 | Oct. 2, 2026 | Daily |
| IVOO · VANGUARD ADMIRAL FUNDS | 0.45% | 1,183,532 SH | Aug. 19, 2026 | Daily |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.44% | 32,474 NS | July 31, 2026 | N-PORT |
| PABU · iShares Trust | 0.42% | 479,510 SH | Sept. 11, 2026 | Daily |
| BKMC · BNY Mellon ETF Trust | 0.42% | 120,102 NS | July 31, 2026 | N-PORT |
| VRP · Invesco Exchange-Traded Fund Trust … | 0.39% | 472,092 | Oct. 2, 2026 | Daily |
| FEX · First Trust Exchange-Traded AlphaDE… | 0.37% | 252,070 NS | July 31, 2026 | N-PORT |
| MIDU · Direxion Shares ETF Trust | 0.36% | 10,761 NS | July 31, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.35% | 10,669,796 SH | Aug. 19, 2026 | Daily |
| JPME · J.P. Morgan Exchange-Traded Fund Tr… | 0.31% | 63,359 NS | July 31, 2026 | N-PORT |
| JPUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.31% | 61,531 NS | July 31, 2026 | N-PORT |
| WLDR · Two Roads Shared Trust | 0.30% | 12,111 NS | July 31, 2026 | N-PORT |
| FSMD · FIDELITY COVINGTON TRUST | 0.28% | 309,813 NS | July 31, 2026 | N-PORT |
| RWK · Invesco Exchange-Traded Fund Trust … | 0.27% | 179,023 | Oct. 2, 2026 | Daily |
| IYF · iShares Trust | 0.25% | 490,030 SH | Sept. 11, 2026 | Daily |
| IMCV · iShares Trust | 0.23% | 120,186 SH | Sept. 11, 2026 | Daily |
| SMMD · iShares Trust | 0.22% | 390,841 SH | Sept. 11, 2026 | Daily |
| JMOM · J.P. Morgan Exchange-Traded Fund Tr… | 0.21% | 231,724 NS | July 31, 2026 | N-PORT |
| SIZE · iShares Trust | 0.20% | 39,324 SH | Sept. 11, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.20% | 16,807,268 SH | Aug. 19, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.19% | 8,411,737 SH | Aug. 19, 2026 | Daily |
| VFH · VANGUARD WORLD FUND | 0.19% | 1,170,024 SH | Aug. 19, 2026 | Daily |
| EUSA · iShares, Inc. | 0.19% | 164,609 SH | Sept. 11, 2026 | Daily |
| FNCL · FIDELITY COVINGTON TRUST | 0.18% | 188,740 NS | July 31, 2026 | N-PORT |
| REVS · Columbia ETF Trust I | 0.17% | 24,812 NS | July 31, 2026 | N-PORT |
| IWS · iShares Trust | 0.16% | 1,096,747 SH | Sept. 11, 2026 | Daily |
| JVAL · J.P. Morgan Exchange-Traded Fund Tr… | 0.15% | 56,313 NS | July 31, 2026 | N-PORT |
| JQUA · J.P. Morgan Exchange-Traded Fund Tr… | 0.14% | 509,885 NS | July 31, 2026 | N-PORT |
| VLUE · iShares Trust | 0.12% | 533,195 SH | Sept. 11, 2026 | Daily |
| IWR · iShares Trust | 0.12% | 3,002,348 SH | Sept. 11, 2026 | Daily |
| IMCB · iShares Trust | 0.11% | 85,669 SH | Sept. 11, 2026 | Daily |
| RECS · Columbia ETF Trust I | 0.09% | 219,002 NS | July 31, 2026 | N-PORT |
| CRBN · iShares Trust | 0.07% | 39,515 SH | Sept. 11, 2026 | Daily |
| USXF · iShares Trust | 0.07% | 43,535 SH | Sept. 11, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.06% | 23,956 | Oct. 2, 2026 | Daily |
| IUSV · iShares Trust | 0.05% | 639,560 SH | Sept. 11, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.05% | 442,694 SH | Aug. 19, 2026 | Daily |
| PRF · Invesco Exchange-Traded Fund Trust | 0.05% | 238,508 | Oct. 2, 2026 | Daily |
| SUSL · iShares Trust | 0.05% | 25,861 SH | Sept. 11, 2026 | Daily |
| ILCV · iShares Trust | 0.05% | 28,213 SH | Sept. 11, 2026 | Daily |
| IWD · iShares Trust | 0.04% | 1,628,254 SH | Sept. 11, 2026 | Daily |
| GLBL · Pacer Funds Trust | 0.04% | 19 NS | July 31, 2026 | N-PORT |
| SMDX · Tidal Trust III | 0.03% | 1,915 NS | July 31, 2026 | N-PORT |
| USCL · iShares Trust | 0.03% | 38,836 SH | Sept. 11, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.03% | 166,102 SH | Aug. 19, 2026 | Daily |
| TILT · FlexShares Trust | 0.03% | 25,122 NS | July 31, 2026 | N-PORT |
| BBUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.03% | 100,864 NS | July 31, 2026 | N-PORT |
| ILCB · iShares Trust | 0.02% | 14,173 SH | Sept. 11, 2026 | Daily |
| IWB · iShares Trust | 0.02% | 507,346 SH | Sept. 11, 2026 | Daily |
| IWV · iShares Trust | 0.02% | 205,390 SH | Sept. 11, 2026 | Daily |
| IYY · iShares Trust | 0.02% | 30,727 SH | Sept. 11, 2026 | Daily |
| ITOT · iShares Trust | 0.02% | 954,010 SH | Sept. 11, 2026 | Daily |
| PBUS · Invesco Exchange-Traded Fund Trust … | 0.02% | 126,998 | Oct. 2, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.02% | 23,222,584 SH | Aug. 19, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.02% | 120,689 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.02% | 61,726 SH | Aug. 19, 2026 | Daily |
| TOK · iShares Trust | 0.02% | 2,041 SH | Sept. 11, 2026 | Daily |
| URTH · iShares, Inc. | 0.02% | 64,901 SH | Sept. 11, 2026 | Daily |
| ACWI · iShares Trust | 0.01% | 215,358 SH | Sept. 11, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.01% | 525,527 SH | Aug. 19, 2026 | Daily |
| IJH · iShares Trust | · | 25,713,083 SH | Sept. 11, 2026 | Daily |
| IJJ · iShares Trust | · | 3,740,275 SH | Sept. 1, 2026 | Daily |
| REM · iShares Trust | · | 6,099,649 SH | Sept. 11, 2026 | Daily |
| XJH · iShares Trust | · | 100,103 SH | Sept. 8, 2026 | Daily |
NLY Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 17 analysts
BUY
Median target
$24.00
+29.7%
4 23.5%
Strong Buy
8 47.1%
Buy
5 29.4%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
11 analysts · 2026-10-01Mean target $24.23 +31.0%
← Below all targets
Current price $18.50
Low$22.50
Mean$24.23
High$25.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| NLY | $15.81B | 7.7 | 358.2% | 178.5% | 14.1% | · |
| AGNC | · | · | · | · | · | · |
| RITM | $6.06B | 10.5 | -6.7% | 15.2% | 8.6% | · |
| STWD | $6.67B | 15.7 | -5.3% | 22.3% | 6.2% | · |
| DX | $2.45B | 5.7 | 1845.8% | 279.0% | 15.7% | · |
| ARR | $1.98B | 5.4 | 490.8% | 203.8% | 16.5% | · |
| BXMT | $3.22B | 29.9 | 10.9% | 19.8% | 3.0% | · |
| EFC | $1.54B | 11.4 | 10.1% | 35.3% | 7.0% | · |
| LADR | $1.40B | 21.5 | -32.9% | 69.2% | 4.2% | · |
| ORC | $1.31B | · | 1944.3% | 146.9% | 13.9% | · |
| ARI | · | 12.0 | -10.6% | · | · | · |
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Source: SEC 10-Q filed Jul 29, 2026