Bank of America lowers target for Annaly Capital Management stock to USD 19.50

Published on 10/17/2026 at 22:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter results are due October 20, 2026. Annaly Capital Management stock closed at USD 18.23 on October 16, 2026, down 1.09 percent on NYSE.

Analyst view and trading context

Bank of America lowered its Annaly Capital Management target to USD 19.50 from USD 22.50 on October 16, 2026.
Annaly is scheduled to release third-quarter results on October 20, 2026.
Annaly Capital Management stock closed at USD 18.23 on October 16, 2026 at 4:10 p.m. ET on NYSE, down 1.09 percent versus USD 18.43.
Annaly traded at a price-to-earnings ratio of 4.56 and a dividend yield of 16.46 percent.

NLY, US0357108390, Illustration mit AI erstellt.

Bank of America lowered its price target for Annaly Capital Management from USD 22.50 to USD 19.50 on October 16, 2026, while retaining a Neutral rating. The revised target stood 6.97 percent above the NYSE closing price of USD 18.23. Annaly Capital Management stock closed at USD 18.23 on October 16, 2026 at 4:10 p.m. ET on NYSE, down 1.09 percent versus the prior close of USD 18.43.

Target cut reflects a tougher quarter

According to Markets Insider, BofA analyst Derek Hewett cited pressure on agency mortgage real estate investment trusts as rates and spreads moved against them during the third quarter. The new target is USD 3.00 below the previous target, a 13.33 percent reduction.

Stock sits 25.65 percent below high

Annaly finished October 16, 2026 between USD 18.20 and USD 18.59, with volume of 9,743,661 shares against a three-month average of 9.5 million. Its 52-week range was USD 17.76 to USD 24.52, leaving the stock 25.65 percent below its 52-week high. The year-to-date performance was minus 20.40 percent.

Valuation and October 20 results

The stock carried a price-to-earnings ratio of 4.56 and a dividend yield of 16.46 percent on October 16, 2026. Market capitalization was USD 26.3 billion, based on 1,444,273,077 shares outstanding and the USD 18.23 closing price. Annaly's next scheduled milestone is its third-quarter report after the market close on October 20, 2026, followed by a conference call on October 21, 2026 at 9:00 a.m. ET, according to Annaly Capital.

Comparison with peers

NLY (NYSE, USD): minus 1.09 percent, P/E 4.56, market capitalization USD 26.3 billion.

AGNC Investment (NASDAQ, USD): minus 1.13 percent, P/E 4.45, market capitalization USD 10.3 billion.

Starwood Property Trust (NYSE, USD): minus 1.19 percent, P/E 18.29, market capitalization USD 4.6 billion.

Trading position after October 16

Annaly's October 16 decline was smaller than the moves of both comparison stocks, but its wider year-to-date loss remains the more important market measure. The upcoming results will provide the next dated test for earnings, portfolio performance and the dividend coverage picture.

Market context: Market report S&P 500.