Annaly Capital Management is a mortgage REIT that holds agency mortgage-backed securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae, funded largely through repurchase agreements, with a smaller residential credit and mortgage servicing business alongside. The core advantage is the agency guarantee, which removes most credit risk from the book and leaves the investment case resting on spread management and hedging rather than on underwriting. The reported 479% revenue growth mostly reflects a swing in net interest and hedging income as rates moved, so it should not be read as operating momentum. The stock trades at 5.9x forward earnings against a trailing 12.5x, which points to the market expecting earnings to step down, and an ROE of 7.3% is modest for a levered balance sheet. The case for a deeper look is the gap between a depressed forward multiple and a 13.8B market cap, but that only holds if net interest spreads stabilise, and the forward estimate is the number to test first.
Plain-English pros, cons, and what to watch. Pro feature.
See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.
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Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.
| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 21 Oct 2026, 01:52 CEST | ACCE price target | $18.60 | $21.00 | $18.29 |
| 30 Sept 2026, 00:00 CEST | Fair value | $44.83 | $45.38 | $20.35 |
| 26 Sept 2026, 00:00 CEST | ACCE price target | $21.00 | first publication | $20.60 |
| 21 Sept 2026, 00:00 CEST | Fair value | $45.38 | $46.35 | $21.05 |
| 18 Sept 2026, 00:00 CEST | Fair value | $46.35 | $45.72 | $21.23 |
| 16 Sept 2026, 00:00 CEST | Fair value | $45.72 | $47.23 | $21.84 |
| 14 Sept 2026, 00:00 CEST | Fair value | $47.23 | $47.89 | $21.90 |
| 31 Aug 2026, 00:00 CEST | Fair value | $47.89 | $41.00 | $23.04 |
| 25 Aug 2026, 00:00 CEST | Fair value | $41.00 | $40.58 | $23.23 |
| 20 Aug 2026, 00:00 CEST | Fair value | $40.58 | $41.01 | $23.62 |
Answered from Annaly Capital Management Inc. Common Stock fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| NLY Annaly Capital Management Inc. Common Stock | $18.35 | - | - | 12.5x | 7.3% | 67 | 62 |
| AGNC AGNC Investment Corp. Common Stock | $8.89 | - | - | 177.8x | 0.9% | 62 | 60 |
| AGNCN AGNC Investment Corp. Depositary Shares Each Representing a 1/1000th Interest in a Share of 7.00% Series C Fixed-To-Floating Rate Cumulative Redeemable Preferred Stock | $25.22 | - | - | - | 0.9% | 62 | 58 |
| AGNCM AGNC Investment Corp. Depositary Shares rep 6.875% Series D Fixed-to-Floating Cumulative Redeemable Preferred Stock | $24.49 | - | - | - | 0.9% | 62 | 58 |
| AGNCP AGNC Investment Corp. Depositary Shares Each Representing a 1/1000th Interest in a Share of 6.125% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock | $24.67 | - | - | - | 0.9% | 62 | 59 |
| RITM Rithm Capital Corp. Common Stock | $8.68 | - | - | 15.7x | 5.6% | 49 | 41 |
| STWD STARWOOD PROPERTY TRUST INC. Starwood Property Trust Inc. | $12.58 | - | - | 21.0x | 3.7% | 45 | 42 |
Where NLY ranks against its sector peers on each metric.