Annaly Capital Management, Inc. Company Profile & Data: stocks, market cap, financials, digital and more

                        
Company
Annaly Capital Management, Inc.Headquarters: New York, 
                        NY, United States
                    
Founded: February 18, 1997
Employees: 171
CEO: Mr. David L. Finkelstein C.F.A.

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                                NYSE: NLY
                            
Market Cap$10.37 Billion

                        USD as of April 1, 2022
                    
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                            Market Cap History

Annaly Capital Management, Inc. Categories

United States Real Estate REIT—Mortgage

United States Real Estate

United States REIT—Mortgage

Company Description

Annaly Capital Management, Inc. is a mortgage real estate investment trust, investing and financing in residential and commercial properties. As a diversified capital manager, it relies on mortgage-backed securities, loans, equity, and other commercial real estate investments in both the residential and commercial markets to generate and distribute income to its shareholders.

Annaly Capital Management, Inc. market capitalization over time

Evolution of Annaly Capital Management, Inc. market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

Market Cap History of Annaly Capital Management, Inc.

Detailed Description

Annaly Capital Management, Inc., a diversified capital manager, engages in mortgage finance and corporate middle market lending. The company invests in agency mortgage-backed securities, mortgage servicing rights, Agency commercial mortgage-backed securities, non-Agency residential mortgage assets, residential mortgage loans, credit risk transfer securities, corporate debts, and other commercial real estate investments. It has elected to be taxed as a real estate investment trust (REIT). As a REIT, it is not subject to federal income tax to the extent that it distributes its taxable income to its shareholders. The company was founded in 1996 and is based in New York, New York.

Wikipedia Introduction

Annaly Capital Management is one of the largest mortgage real estate investment trusts. It is organized in Maryland with its principal office in New York City. The company borrows money, primarily via short term repurchase agreements, and reinvests the proceeds in asset-backed securities. As of December 31, 2019, 93% of the company's assets were mortgage-backed securities issued by either Fannie Mae or Freddie Mac. The company generates profits from the net interest spread between the interest earned from its assets and its borrowing costs, which is amplified from the use of leverage. As of December 31, 2019, the company had a debt-to-equity ratio of 7.2. As of December 31, 2019, the weighted average days to maturity of its repurchase agreements was 65 days. The company is ranked 910th on the Fortune 500. The name of the company came from the name of the area in Ireland that was ruled by the ancestors of the company's founder.

Source: Wikipedia, retrieved on March 31, 2022, 8:42 p.m.