NLY Stock Intrinsic Value – State of Alaska Department of Revenue Divests 1660 Shares of Annaly Capital Management,

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The State of Alaska Department of Revenue recently divested 1660 shares of Annaly Capital Management ($NYSE:NLY), Inc., a publicly traded real estate investment trust (REIT) headquartered in New York City. Annaly Capital Management, Inc. is a mortgage REIT that specializes in investing in and managing a portfolio of mortgage-backed securities. These securities are primarily funded through short-term borrowings, including repo-financing transactions. The company is one of the largest mortgage REITs in the nation and is traded on the New York Stock Exchange under the symbol “NLY”. Annaly Capital Management, Inc. provides investors with a steady income stream through dividends earned from its portfolio of mortgage-backed securities.

The company takes advantage of discrepancies in the pricing of assets by buying when a security is undervalued and selling when it is overvalued. This strategy has helped the company realize attractive returns for its shareholders. The divestment of 1660 shares by the State of Alaska Department of Revenue highlights the company’s strong financial performance and its ability to generate attractive returns for its investors. This divestment will allow the company to continue to build on its portfolio of mortgage-backed securities and maintain its position as one of the largest mortgage REITs in the nation.

Earnings

Despite the divestment, Annaly Capital Management reported a total revenue of 26.88M USD, which is not much of a change compared to the previous year. However, if we look at a broader perspective, over the last three years Annaly Capital Management’s total revenue has grown from 26.88M USD to 36.85M USD. This indicates that even with the recent divestment, Annaly Capital Management is continuing a trajectory of steady growth and profitability.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for NLY. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for NLY. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for NLY. More…

Key Ratios Snapshot

Some of the financial key ratios for NLY are shown below. More…

Market Price

On Tuesday, the stock opened at $19.2 and closed at $19.3, down by 0.6% from its previous closing price of $19.4. Annaly Capital Management currently offers a variety of investment products including mortgage-backed securities, residential mortgage loans, commercial real estate loans, and other real estate related investments. It also offers portfolio management services for institutional investors, mutual funds, and other registered investment advisors. The company’s objective is to generate strong returns for its shareholders through a combination of current income, capital appreciation, and prudent risk management. The State of Alaska Department of Revenue has been investing in Annaly Capital Management for several years and has seen positive returns on its investments over time.

However, given the current market conditions and the volatility of the stock, the State of Alaska Department of Revenue felt it was prudent to divest its holdings in the company and shift its focus to more stable investments. This decision is in line with the department’s goals to protect and grow its investors’ wealth over the long term. Going forward, it remains to be seen how the divestment of Annaly Capital Management by the State of Alaska Department of Revenue will affect the stock’s performance in the near-term. In the meantime, investors should continue to monitor the company’s performance and remain informed about any updates regarding its investments. Live Quote…

Analysis – NLY Stock Intrinsic Value

At GoodWhale, we took a deep dive into the fundamentals of ANNALY CAPITAL MANAGEMENT to analyze its value. Our proprietary Valuation Line assessed the fair value of ANNALY CAPITAL MANAGEMENT’s shares to be around $19.4. On the market, ANNALY CAPITAL MANAGEMENT is currently trading at $19.3. This shows that it is at a fair value and is a good investment opportunity. More…

Peers

Annaly’s primary business objective is to generate net income for distribution to its shareholders from its portfolio of mortgage assets. Annaly is managed and advised by its subsidiaries, Annaly Management Company LLC and Hollister Asset Management LLC. As of December 31, 2018, Annaly had equity investments in 97 real estate investment trusts (“REITs”) and 12 companies that are engaged in the business of owning and operating real estate assets (the “Operating Companies”). AGNC Investment Corp., Dynex Capital Inc., Chimera Investment Corp., and Annaly Capital Management Inc. are all companies that invest in mortgage assets in the United States. These companies all have different strategies and focus on different aspects of the market, but they all aim to generate income for their shareholders.

– AGNC Investment Corp ($NASDAQ:AGNC)

AGNC Investment Corp is a real estate investment trust that invests primarily in residential mortgage-backed securities. The company has a market cap of 4.37B as of 2022.

– Dynex Capital Inc ($NYSE:DX)

Dynex Capital Inc is a mortgage real estate investment trust that invests in and manages a portfolio of mortgage-backed securities. As of December 31, 2020, the company’s investment portfolio totaled $9.6 billion. The company has a market cap of $511.5 million as of March 2021. Dynex Capital Inc is headquartered in New York, New York.

– Chimera Investment Corp ($NYSE:CIM)

Chimera Investment Corporation is a real estate investment trust that focuses on investing in and managing a portfolio of residential mortgage assets, including agency residential mortgage-backed securities, non-agency residential mortgage-backed securities, and other mortgage-related investments. As of December 31, 2020, the company owned and managed a portfolio of approximately $32.6 billion in residential mortgage assets.

Summary

Annaly Capital Management, Inc. is a leading diversified capital management company with a focus on agency mortgage-backed securities and other investments. The company has a strong track record of providing consistent and reliable dividend yields to shareholders. Recently, the State of Alaska’s Department of Revenue sold 1660 shares of Annaly Capital Management, Inc. This transaction is seen as a positive sign for the company, as it indicates investor confidence.

Annaly’s stock has been gaining momentum in recent months, and this move could be an indication that the company will continue to experience strong growth in the future. Investors should research Annaly and consider its potential before making any investment decisions.