Annaly Capital Management (NYSE:NLY) Price Target Cut to $24.00 by Analysts at Wells Fargo & Company

Annaly Capital Management (NYSE:NLY) had its price objective lowered by research analysts at Wells Fargo & Company from $25.00 to $24.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 7.14% from the company’s current price.

A number of other research analysts have also recently commented on NLY. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $25.00 target price on shares of Annaly Capital Management in a research report on Wednesday, June 3rd. BTIG Research set a $24.00 price target on shares of Annaly Capital Management in a research note on Wednesday, June 17th. Wall Street Zen raised shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. UBS Group reiterated a “neutral” rating and issued a $23.00 target price (up from $22.50) on shares of Annaly Capital Management in a report on Friday, April 24th. Finally, JonesTrading reissued a “buy” rating and issued a $25.00 target price on shares of Annaly Capital Management in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $24.56.

Annaly Capital Management Stock Down 0.1%

NLY stock opened at $22.40 on Thursday. Annaly Capital Management has a 52-week low of $20.00 and a 52-week high of $24.52. The stock has a market cap of $16.42 billion, a price-to-earnings ratio of 5.61, a price-to-earnings-growth ratio of 6.82 and a beta of 1.16. The business has a fifty day moving average of $22.14 and a two-hundred day moving average of $22.46.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 EPS for the quarter, beating the consensus estimate of $0.75 by $0.04. The business had revenue of $892.86 million for the quarter, compared to analyst estimates of $639.80 million. Annaly Capital Management had a return on equity of 16.33% and a net margin of 43.66%. As a group, sell-side analysts anticipate that Annaly Capital Management will post 3.02 EPS for the current year.

Institutional Trading of Annaly Capital Management

Several hedge funds have recently made changes to their positions in NLY. Fourth Dimension Wealth LLC grew its holdings in shares of Annaly Capital Management by 76.9% in the fourth quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 500 shares in the last quarter. Root Financial Partners LLC lifted its holdings in Annaly Capital Management by 585.6% during the 1st quarter. Root Financial Partners LLC now owns 1,330 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 1,136 shares in the last quarter. Camelot Portfolios LLC purchased a new position in Annaly Capital Management in the 4th quarter valued at approximately $29,000. Mcguire Capital Advisors Inc. purchased a new position in Annaly Capital Management in the 4th quarter valued at approximately $31,000. Finally, TD Private Client Wealth LLC boosted its position in Annaly Capital Management by 361.3% in the 4th quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 1,178 shares during the period. Institutional investors and hedge funds own 51.56% of the company’s stock.

Key Headlines Impacting Annaly Capital Management

Here are the key news stories impacting Annaly Capital Management this week:

• Positive Sentiment: Annaly reported Q2 2026 earnings of $0.79 per share, topping estimates, with revenue also coming in above expectations, reinforcing that operating results were stronger than feared. Annaly Capital Management, Inc. Reports 2nd Quarter 2026 Results
• Positive Sentiment: The company raised its quarterly dividend to $0.75 and highlighted a 5.5% economic return, which investors typically view as a sign of healthy portfolio performance and shareholder-friendly capital returns. Annaly signals agency 14%-16% levered return opportunity as it raises quarterly dividend to $0.75
• Positive Sentiment: Management described strong momentum on the earnings call, including improving net interest income, margin expansion, and better dividend coverage, which can support the stock’s recent upward trend. Annaly Capital Management Earnings Call Highlights Strong Momentum
• Neutral Sentiment: Several market recaps and transcript items repeated the same earnings beats and dividend update, reinforcing the narrative but adding little new information for traders. Annaly Capital Management, Inc. (NLY) Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Commentary on whether NLY is still “cheap” and comparisons with other high-yield financial stocks are more valuation-driven than immediate stock catalysts. Annaly Capital Management (NLY) Beats On Q2 Earnings, Is The Stock Still Cheap?
• Negative Sentiment: Some reports noted higher funding costs, which could pressure spreads if rates remain elevated, though this was outweighed by the earnings beat and dividend increase. Annaly Q2 Earnings Beat Estimates, Net Interest Income Improves Y/Y

About Annaly Capital Management

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.