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Annaly Capital ( (NLY) ) has issued an update.
On December 22, 2025, Annaly Capital Management, Inc. entered into distribution agency agreements with a group of major investment banks and broker-dealers, allowing the company to offer and sell up to $2.5 billion of its common stock from time to time through at-the-market equity offerings. Under these agreements, the sales agents will use commercially reasonable efforts to place Annaly’s shares in the market for a commission of up to 1% of gross sales proceeds, providing the company with a flexible mechanism to raise additional equity capital over time under its existing shelf registration, which could impact its capital structure and funding capacity.
The most recent analyst rating on (NLY) stock is a Buy with a $23.50 price target. To see the full list of analyst forecasts on Annaly Capital stock, see the NLY Stock Forecast page.
Spark’s Take on NLY Stock
According to Spark, TipRanks’ AI Analyst, NLY is a Neutral.
Annaly Capital’s overall stock score reflects a balance of strong technical momentum and positive earnings call insights against financial performance concerns. The high dividend yield adds appeal, but risks from high leverage and declining profitability weigh on the score.
To see Spark’s full report on NLY stock, click here.
More about Annaly Capital
Annaly Capital Management, Inc. is a publicly traded company that issues common stock and uses capital markets transactions to support its financing and investment activities, operating within the broader financial services and securities markets.
Average Trading Volume: 7,198,123
Technical Sentiment Signal: Buy
Current Market Cap: $15.5B
Find detailed analytics on NLY stock on TipRanks’ Stock Analysis page.