Overview
Capital manager's Q4 GAAP net income was $1.40 per share
Earnings available for distribution in Q4 was $0.74 per share
Company's Agency portfolio increased by 6% in Q4
Outlook
Company expects its platform to provide enhanced risk-adjusted returns
Result Drivers
AGENCY PORTFOLIO GROWTH - Annaly's Agency portfolio increased by 6%, driven by investments in higher coupon securities and Agency CMBS
RESIDENTIAL CREDIT EXPANSION - Residential Credit portfolio rose 16% due to record correspondent channel activity
MSR PORTFOLIO INCREASE - MSR portfolio grew by 8%, reflecting strategic investments in mortgage servicing rights
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Net Income | $1.02 bln | ||
Q4 Net Interest Income | $366.58 mln | ||
Q4 Pretax Profit | $1.01 bln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialized reits peer group is "buy"
Wall Street's median 12-month price target for Annaly Capital Management Inc is $23.13, about 5.1% below its January 27 closing price of $24.36
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago
Press Release: ID:nBw308NRqa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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