Annaly Capital slides as Treasury yields jump, weighing on mortgage REIT sentiment

Annaly Capital Management (NLY) is down 4.1% today. Here is some analysis on what might have caused this price movement.

Analysis: The drop appears tied to a broad selloff in rate-sensitive assets as Treasury yields climbed sharply, which can pressure mortgage REIT valuations through higher funding costs and mark-to-market moves in mortgage-backed securities. With the market focused on inflation and interest-rate expectations, mortgage REITs like Annaly can trade more on macro rate moves than on company-specific news.

Details:

U.S. stocks fell while the 10-year Treasury yield jumped (to roughly the mid-4% range), a backdrop that typically hurts interest-rate-sensitive sectors.

Mortgage rates have been moving higher recently, which can shift expectations for mortgage-backed security pricing and the hedging environment that mortgage REITs operate in.

Annaly’s most recent annual report highlights that increases in market interest rates can negatively affect its share price, reflecting the company’s exposure to rate volatility.

The same annual report also notes that future sales of common stock (or other equity-linked securities) can weigh on the stock price, which may amplify sensitivity during risk-off days.

Sources:

Associated Press, SEC, Annaly Capital Management

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$NLY Insider Trading Activity

$NLY insiders have traded $NLY stock on the open market 6 times in the past 6 months. Of those trades, 0 have been purchases and 6 have been sales.

Here’s a breakdown of recent trading of $NLY stock by insiders over the last 6 months:

DAVID L FINKELSTEIN (CEO and Co-CIO) has made 0 purchases and 2 sales selling 100,000 shares for an estimated $2,214,500.
STEVEN FRANCIS CAMPBELL (President and COO) has made 0 purchases and 2 sales selling 54,716 shares for an estimated $1,257,351.
ANTHONY C GREEN (Chief Corporate Officer, CLO) sold 22,499 shares for an estimated $475,853
SERENA WOLFE (Chief Financial Officer) sold 16,536 shares for an estimated $382,643

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$NLY Hedge Fund Activity

We have seen 433 institutional investors add shares of $NLY stock to their portfolio, and 281 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 16,073,018 shares (-74.8%) from their portfolio in Q4 2025, for an estimated $359,392,682
BLACKROCK, INC. added 3,733,667 shares (+5.0%) to their portfolio in Q4 2025, for an estimated $83,484,794
PRICE T ROWE ASSOCIATES INC /MD/ removed 3,370,062 shares (-11.0%) from their portfolio in Q4 2025, for an estimated $75,354,586
VANGUARD GROUP INC added 3,024,564 shares (+5.0%) to their portfolio in Q4 2025, for an estimated $67,629,251
D. E. SHAW & CO., INC. added 2,570,138 shares (+64.0%) to their portfolio in Q4 2025, for an estimated $57,468,285
RENAISSANCE TECHNOLOGIES LLC removed 2,387,500 shares (-90.2%) from their portfolio in Q4 2025, for an estimated $53,384,500
STATE STREET CORP added 2,053,451 shares (+8.4%) to their portfolio in Q4 2025, for an estimated $45,915,164

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$NLY Analyst Ratings

Wall Street analysts have issued reports on $NLY in the last several months. We have seen 5 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Wells Fargo issued a "Overweight" rating on 01/30/2026
Keefe, Bruyette & Woods issued a "Outperform" rating on 01/30/2026
Jones Trading issued a "Buy" rating on 01/29/2026
Piper Sandler issued a "Overweight" rating on 01/15/2026
BTIG issued a "Buy" rating on 01/06/2026

To track analyst ratings and price targets for $NLY, check out Quiver Quantitative's $NLY forecast page.

$NLY Price Targets

Multiple analysts have issued price targets for $NLY recently. We have seen 9 analysts offer price targets for $NLY in the last 6 months, with a median target of $25.0.

Here are some recent targets:

Kenneth S. Lee from RBC Capital set a target price of $25.0 on 02/05/2026
Bose George from Keefe, Bruyette & Woods set a target price of $25.0 on 01/30/2026
Donald Fandetti from Wells Fargo set a target price of $25.0 on 01/30/2026
Terry Ma from Barclays set a target price of $24.0 on 01/30/2026
Jason Weaver from Jones Trading set a target price of $25.0 on 01/29/2026
Crispin Love from Piper Sandler set a target price of $25.0 on 01/15/2026
Eric Hagen from BTIG set a target price of $25.0 on 01/06/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.