Lucid files for 1-for-10 reverse stock split requiring shareholder approval
Annaly Capital Management Inc . (NYSE:NLY) stock has reached a new 52-week high, touching $22.05 in recent trading, with a market capitalization of $12.7 billion and an attractive dividend yield of 11.9%. This peak represents a significant milestone for the company, reflecting a period of robust performance despite the broader market’s volatility. The stock has delivered an impressive 27.3% return over the past year and 19.4% year-to-date, trading at a moderate P/E ratio of 13.5. According to InvestingPro, eight analysts have recently revised their earnings expectations upward for the upcoming period. The achievement of this 52-week high is a testament to the company’s resilience and the successful execution of its business model in a challenging economic environment. Notably, the company has maintained dividend payments for 28 consecutive years. Discover more valuable insights about NLY and 1,400+ other stocks through comprehensive Pro Research Reports available on InvestingPro.
In other recent news, Annaly Capital Management reported its fourth-quarter 2024 earnings, surpassing expectations with an earnings per share (EPS) of $0.78, compared to the forecasted $0.66. However, the company fell short on revenue, reporting $411.88 million against an anticipated $458.48 million. Despite the revenue miss, Annaly Capital raised over $400 million in equity during the quarter, reflecting its strong financial position. The firm also achieved an economic return of 1.3% for the quarter and 11.9% for the full year 2024. Analysts did not provide any upgrades or downgrades, but the company’s CEO expressed optimism regarding maintaining its current dividend and growth in the non-QM origination market. The firm anticipates continued opportunities in the mortgage servicing rights (MSR) market, despite potential regulatory changes in government-sponsored enterprises (GSE). Annaly’s performance was supported by a decrease in borrowing costs and an increase in earnings available for distribution, which rose to $0.72 per share.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.