Annaly Capital Management is an internally-managed real estate investment trust. Co. is capital manager with investment strategies across mortgage finance and corporate middle market lending. Co. owns a portfolio of real estate related investments, including mortgage pass-through certificates, collateralized mortgage obligations, credit risk transfer securities, other securities representing interests in or obligations backed by pools of mortgage loans, residential mortgage loans, mortgage servicing rights and corporate debt. Co.'s three investment groups are primarily comprised of the following: Annaly Agency Group; Annaly Residential Credit Group; and Annaly Middle Market Lending Group. More details about Annaly Capital Management at:
http://www.annaly.com.
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Should Annaly Capital Management shares be counted among the
Top 10 Cheap Midcap Stocks? To start, we see that the recent trading price for NLY stock is $18.58 (as of 4/24/2024). The most recent quarter's (MRQ) earnings result, annualized, was $2.72/share. Looking at the sum total of quarterly earnings across the trailing twelve month (TTM) period, Annaly Capital Management produced $2.87/share. And taking the median quarterly result across the TTM period, and annualizing it, results in $2.8/share. Comparing these various earnings metrics against the stock price, we end up with a PE ratio of 6.6 for the TTM Median method, 6.8 for price to earnings using MRQ annualized, and 6.5 for current price/TTM earnings. Based on NLY's history, that recent TTM PE is low relative to the historical average, with the recent PE 18.8% lower than the average (TTM method) of 8.0.