U.S. stocks rise on Fed cut bets; earnings continue to flow
Annaly Capital Management Inc. stock reached a 52-week high, hitting $22.12 recently. This milestone reflects a significant point for the company, as it marks the highest trading level over the past year. With a substantial market capitalization of $14.2 billion, Annaly stands as a major player in the mortgage REIT sector. InvestingPro analysis suggests the stock remains undervalued despite its recent peak. Over the last 12 months, Annaly Capital Management Inc. has experienced a 24.32% increase in its stock price, with an impressive year-to-date return of 27.92%, showcasing a strong growth trajectory. The company’s performance in the market has been notable, particularly with its attractive 12.84% dividend yield and 29-year track record of consecutive dividend payments. This 52-week high serves as an indicator of the stock’s resilience and potential for future growth. For deeper insights into Annaly’s valuation and growth prospects, InvestingPro subscribers can access additional metrics and expert analysis in the comprehensive Pro Research Report.
In other recent news, Annaly Capital Management Inc. reported its second-quarter 2025 earnings, showcasing a mixed financial performance. The company surpassed earnings per share (EPS) expectations, achieving an EPS of $0.73 against the forecasted $0.71. However, the revenue figures did not meet projections, coming in at $273.2 million compared to the anticipated $461.81 million. In addition to its earnings report, Annaly Capital announced the pricing of a public offering of 10 million shares of its 8.875% Series J Fixed-Rate Cumulative Redeemable Preferred Stock. This offering is expected to generate approximately $250 million in gross proceeds. The preferred stock has a liquidation preference of $25.00 per share and is anticipated to close on or about August 7, 2025, subject to customary closing conditions. Annaly has applied to list the Series J Preferred Stock on the New York Stock Exchange under the symbol "NLY.J." These developments reflect Annaly’s ongoing financial activities and market strategies.
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