NLY 📈 Annaly Capital Management - Overview

Annaly Capital Management, Inc. operates as a diversified capital manager, primarily focusing on mortgage finance, which involves investing in a wide range of mortgage-related assets. This includes agency mortgage-backed securities that are collateralized by residential mortgages, providing a steady income stream from the interest paid on these mortgages. The company also invests in non-agency residential whole loans and securitized products, which are part of the residential and commercial markets, allowing for a diversified portfolio that can mitigate risk and increase potential returns.

Furthermore, Annaly Capital Management invests in mortgage servicing rights, which generate revenue through fees for managing and servicing mortgage loans on behalf of the loan owners. The company is also involved in agency commercial mortgage-backed securities, providing financing for commercial properties. Additionally, it engages in to-be-announced (TBA) forward contracts, which are agreements to buy or sell mortgage-backed securities at a predetermined price on a future date, allowing for more flexibility in managing its portfolio. The company also holds residential mortgage loans and agency or private label credit risk transfer securities, further diversifying its investment portfolio.

As a real estate investment trust (REIT), Annaly Capital Management has elected to be taxed as such, which means it is not subject to federal income tax as long as it distributes the majority of its taxable income to its shareholders. This structure is beneficial for income-seeking investors, as it allows the company to pass on a significant portion of its earnings to shareholders in the form of dividends. Incorporated in 1996 and headquartered in New York, New York, Annaly Capital Management has established itself as a significant player in the mortgage REIT sector, with detailed information about the company available on its website.

In terms of its stock, Annaly Capital Management, Inc. is listed on the New York Stock Exchange (NYSE) under the ticker symbol NLY, and its common stock is classified under the GICS Sub Industry of Mortgage REITs. The company's ISIN, which is used to identify its securities, is US0357104092. This classification and identification are important for investors looking to understand the company's role within the broader financial sector and for tracking its performance alongside similar entities.