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Annaly Capital’s Resilience and Strategic Positioning Earns Buy Rating Amid Volatile Market

Annaly Capital’s Resilience and Strategic Positioning Earns Buy Rating Amid Volatile Market

Analyst Donald Fandetti from Wells Fargo reiterated a Buy rating on Annaly Capital (NLYResearch Report) and keeping the price target at $23.00.

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Donald Fandetti has given his Buy rating due to a combination of factors that highlight Annaly Capital’s resilience and strategic positioning in a volatile market. The company reported a solid first quarter with core earnings per share surpassing both the analyst’s and the consensus estimates, demonstrating strong operational performance. Despite a slight decline in book value, Annaly’s diversified residential mortgage platform and low leverage provide a robust foundation to navigate financial volatility.
Moreover, Annaly’s decision to increase its quarterly dividend reflects management’s confidence in sustaining shareholder returns, with a notable dividend yield of 14.2%. The company’s strategic allocation adjustments, such as increasing equity in agency MBS, further strengthen its portfolio. Fandetti’s price target for Annaly remains at $23, based on a favorable valuation multiple, underscoring the potential for future growth and stability in earnings.

In another report released yesterday, KBW also maintained a Buy rating on the stock with a $20.15 price target.

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