All 6.75% Series I preferred shares are redeemed at Annaly (NLY).
Annaly Capital Management, Inc. (NLY) fully redeemed all 17,700,000 outstanding shares of its 6.750% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock on October 1, 2026. These redeemed shares were subsequently reclassified and redesignated as common stock effective October 2, 2026. As a result, no Series I preferred shares are currently authorized, issued, or outstanding.
A NYSE removal notice names 6.750% Series I preferred shares of Annaly (NYSE: NLY).
Annaly Capital Management Inc.'s 6.750% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock is being removed from listing and/or registration on the New York Stock Exchange. This notification comes via a Form 25 filing, which details the voluntary withdrawal requirements by the issuer. The move follows Annaly's announcement in August 2026 regarding the redemption of all 17,700,000 outstanding shares of this preferred stock.
Press Release: Annaly Capital Management, Inc. Announces Dates of Third Quarter 2026 Financial Results and Conference Call
Annaly Capital Management, Inc. (NLY) has announced it will release its third-quarter 2026 financial results after the market closes on Wednesday, October 28, 2026. The company will also host a conference call and webcast on Thursday, October 29, 2026, at 9:00 a.m. ET to discuss these results. Interested parties can access the live webcast or replay through the company's website.
Here’s Why Annaly Capital Hiked Its Dividend to $0.75 After Nine Quarters of EAD Coverage
Annaly Capital Management (NLY) increased its quarterly dividend to $0.75 per share, citing nine consecutive quarters where its earnings available for distribution (EAD) exceeded the payout. CEO David Finkelstein emphasized the dividend hike reflects "reinforced durability" in the firm's earnings power. While the payout ratio has historically been volatile, the current 67.14% and a yield of 13.42% suggest a more stable financial position.
Annaly Capital Management, Inc. Announces 3rd Quarter 2026 Common Stock Dividend of $0.75 per Share
Annaly Capital Management, Inc. (NYSE: NLY) has declared a third quarter 2026 common stock cash dividend of $0.75 per common share. The dividend will be payable on October 30, 2026, to shareholders of record as of September 30, 2026, with the ex-dividend date also on September 30, 2026. Annaly operates as a diversified capital manager focusing on mortgage finance and aims to generate net income for distribution to its stockholders.
VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Stake in Annaly Capital Management Inc $NLY
Virginia Retirement Systems has acquired a new stake of 248,000 shares in Annaly Capital Management (NYSE:NLY), valued at approximately $5.5 million, during the second quarter. This move is part of broader institutional investor activity, with over 51% of the company's stock owned by institutional investors and hedge funds. Annaly recently reported strong quarterly earnings, exceeding analyst expectations for both EPS and revenue, contributing to a "Moderate Buy" consensus rating from analysts.
Allianz Asset Management GmbH Has $2.53 Million Stake in Annaly Capital Management Inc $NLY
Allianz Asset Management GmbH significantly reduced its stake in Annaly Capital Management Inc. by 84.1% in the second quarter, selling 598,450 shares but still holding 112,989 shares valued at $2.53 million. Despite this reduction, institutional ownership of Annaly Capital Management remains strong at 51.56%, with firms like Goldman Sachs increasing their positions. Analysts maintain a "Moderate Buy" rating for Annaly, with an average price target of $24.33, following the company's recent earnings beat.
Hsbc Holdings PLC Acquires 586,611 Shares of Annaly Capital Management Inc $NLY
HSBC Holdings PLC significantly increased its stake in Annaly Capital Management Inc (NYSE:NLY) by 215.8% in the second quarter, purchasing an additional 586,611 shares to bring its total to 858,481 shares valued at $19.3 million. This acquisition highlights growing institutional interest, with other funds also raising their positions, bringing institutional ownership to 51.56%. Analysts maintain a "Moderate Buy" rating with an average price target of $24.33, suggesting a positive outlook for the real estate investment trust.
Trading Systems Reacting to (NLY) Volatility
Annaly Capital Management Inc. (NLY) is showing neutral near and mid-term readings, potentially moderating a long-term positive bias, with a mid-channel oscillation pattern in play. AI models have generated three trading strategies—Position, Momentum Breakout, and Risk Hedging—alongside multi-timeframe signal analysis, including a short setup targeting a 5.1% downside with 0.3% risk. The article emphasizes institutional trading strategies and AI-generated signals for informed decision-making.
209,165 Shares in Annaly Capital Management Inc $NLY Purchased by Public Employees Retirement System of Ohio
Public Employees Retirement System of Ohio recently acquired 209,165 shares of Annaly Capital Management Inc. (NYSE:NLY), valued at approximately $4.68 million, marking a new position for the fund. This purchase contributes to institutional investors collectively owning 51.56% of the mortgage REIT. Annaly Capital Management has a "Moderate Buy" consensus rating from analysts, an average target price of $24.33, and recently increased its quarterly dividend to $0.75, resulting in a 13.2% yield.
Annaly Capital Management Inc $NLY Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC
UBS Asset Management reduced its stake in Annaly Capital Management Inc. by 9.6% in the second quarter, selling over 500,000 shares but retaining a significant holding valued at $106.3 million. Despite this sale, other institutional investors increased their positions in Annaly, and the company reported strong quarterly earnings that surpassed analyst expectations. Annaly also increased its quarterly dividend to $0.75 per share, offering a 13.2% yield, and maintains a "Moderate Buy" consensus rating from Wall Street analysts.
Annaly Capital Management (NYSE:NLY) Cut to Hold at Zacks Research
Zacks Research has downgraded Annaly Capital Management (NYSE:NLY) from a "strong-buy" to a "hold" rating, though the average analyst rating remains a "Moderate Buy" with a $24.33 price target. This downgrade comes despite Annaly exceeding its last quarterly earnings expectations with $0.79 EPS against a $0.75 consensus. The mortgage REIT's stock opened at $22.66, reflecting a 1.1% dip, and institutional investors hold a significant 51.56% stake in the company.
Cibc World Market Inc. Invests $5.99 Million in Annaly Capital Management Inc $NLY
CIBC World Market Inc. has invested $5.99 million in Annaly Capital Management Inc. by acquiring 268,080 shares during the second quarter. The article highlights that institutional investors collectively own 51.56% of NLY's outstanding shares. Annaly Capital Management recently reported strong quarterly earnings, exceeding estimates, and increased its quarterly dividend to $0.75 per share, representing an annualized yield of approximately 13%.
Nicholas Investment Partners LP Purchases 60,500 Shares of Annaly Capital Management Inc $NLY
Nicholas Investment Partners LP increased its stake in Annaly Capital Management Inc. (NYSE:NLY) by 56.6% in the second quarter, acquiring an additional 60,500 shares. This brings their total holdings to 167,305 shares valued at approximately $3.74 million. Annaly Capital Management also reported strong quarterly earnings, beating estimates with an EPS of $0.79 and revenue of $1.82 billion, and raised its quarterly dividend to $0.75, representing a 12.9% annualized yield.
Korea Investment CORP Decreases Stock Position in Annaly Capital Management Inc $NLY
Korea Investment CORP significantly reduced its stake in Annaly Capital Management Inc. by 75.2% in the second quarter, selling 284,592 shares and retaining 93,990 shares valued at $2.1 million. Despite this, Annaly Capital Management reported strong quarterly earnings of $0.79 per share, exceeding estimates, and increased its quarterly dividend to $0.75 per share, representing a 12.9% annualized yield. The stock currently holds a "Moderate Buy" consensus rating from analysts with an average price target of $24.33, and institutional investors collectively own 51.56% of the company.
Bank of New York Mellon Corp Decreases Stake in Annaly Capital Management Inc $NLY
Bank of New York Mellon Corp reduced its stake in Annaly Capital Management Inc. by 3.2% in Q2, selling over 160,000 shares. Despite this, other institutional investors like Vanguard Group and State Street Corp increased their holdings in the real estate investment trust. Annaly Capital Management recently reported strong Q2 earnings, surpassing analyst estimates, and increased its quarterly dividend.
Annaly (NLY) Stock Looks 48% Undervalued On Book Value Strength
Annaly Capital Management (NLY) appears 48% undervalued based on its Excess Returns intrinsic value estimate, despite delivering a 71.1% total return over the last three years. The stock also screens as undervalued on earnings-based multiples, trading at a P/E of 6.3x compared to an estimated fair P/E of 11.8x. While broader valuation checks are mixed, both models suggest a genuine discount, with future performance dependent on effective interest rate exposure and funding cost management.
Mortgage Rates Decline for Second Consecutive Week: 3 mREITs in Focus
U.S. mortgage rates have dropped for the second consecutive week, potentially benefiting prospective homebuyers and creating a more favorable environment for mortgage Real Estate Investment Trusts (mREITs). The article highlights three mREITs—Ellington Financial Inc. (EFC), Annaly Capital Management (NLY), and AGNC Investment (AGNC)—that investors should consider, detailing their investment strategies, dividend yields, and Zacks Consensus Estimates for future growth. A sustained decline in mortgage rates could improve asset valuations, ease funding pressures, and support mortgage market activity for these companies.
Compass Financial Management LLC Purchases New Stake in Annaly Capital Management Inc $NLY
Compass Financial Management LLC has acquired a new position of 122,178 shares in Annaly Capital Management Inc (NYSE:NLY), valued at approximately $2.763 million. This comes as Annaly Capital Management reported strong Q2 earnings, beating analyst estimates, and increased its quarterly dividend. The company also received several positive analyst ratings, contributing to an average "Moderate Buy" consensus.
Annaly Capital Management (NLY) Reports Next Week: Wall Street Expects Earnings Growth
Annaly Capital Management (NLY) is projected to announce a year-over-year increase in earnings and significant revenue growth for the quarter ending June 2026. The company's Earnings ESP of +1.01% combined with a Zacks Rank #2 suggests a high probability of beating the consensus EPS estimate of $0.74 per share. Historically, Annaly has consistently surpassed EPS estimates in the past four quarters.
Mitsubishi UFJ Asset Management Co. Ltd. Buys 157,375 Shares of Annaly Capital Management Inc $NLY
Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Annaly Capital Management Inc (NLY) by 22.2%, purchasing an additional 157,375 shares to own a total of 865,318 shares valued at $19.35 million. Institutional investors now hold 51.56% of NLY's outstanding stock. Analysts maintain a "Moderate Buy" rating with an average price target of $24.33, while Annaly Capital Management recently reported strong quarterly earnings and increased its dividend.
Advisors Capital Management LLC Raises Stock Position in Annaly Capital Management Inc $NLY
Advisors Capital Management LLC increased its stake in Annaly Capital Management Inc. by 2.4% during the second quarter, now owning 2,985,668 shares valued at $66.76 million. Other institutional investors like BlackRock Inc. and UBS AM also significantly increased their positions, while Vanguard Group Inc. boosted its holdings. Annaly Capital Management reported strong Q2 earnings, exceeding analyst estimates, and recently increased its quarterly dividend to $0.75 per share, resulting in a 12.8% yield.
Annaly (NLY) Upgraded to Buy: Here's Why
Annaly Capital Management (NLY) has been upgraded to a Zacks Rank #2 (Buy) due to an upward trend in its earnings estimates. This upgrade suggests a positive outlook for its earnings, which could lead to increased stock price. The Zacks Rank system, based on earnings estimate revisions, has historically shown a strong correlation with near-term stock price movements, making NLY a solid candidate for market-beating returns.
Why Is Annaly (NLY) Up 5.9% Since Last Earnings Report?
Annaly Capital Management (NLY) shares have risen 5.9% since its last earnings report, outperforming the S&P 500. The company's Q2 2026 earnings available for distribution (EAD) beat estimates, and net interest income improved year-over-year, supported by a disciplined leverage profile and increased liquidity. Despite some concerns about economic funding costs, Annaly maintained a strong hedge posture and increased its quarterly dividend, leading to a Zacks Rank #2 (Buy) rating.
Annaly Capital Management Inc $NLY Shares Sold by Danske Bank A S
Danske Bank A S has reduced its stake in Annaly Capital Management Inc. by 3.6% during the second quarter, selling 54,300 shares and now owning 1,463,300 shares valued at $32,719,000. Despite this, other institutional investors like BlackRock Inc. have significantly increased their holdings. Annaly Capital Management recently reported strong quarterly earnings, exceeding analyst expectations, and increased its quarterly dividend to $0.75 per share, representing a 12.6% yield.
Annaly Capital Management, Inc. Announces Redemption of all 17,700,000 Outstanding Shares of 6.750% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Annaly Capital Management, Inc. (NYSE: NLY) has announced the redemption of all 17,700,000 outstanding shares of its 6.750% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. The redemption amount for each share is $25.00, payable on October 1, 2026, which is the Redemption Date. All accrued dividends will be paid through September 30, 2026, and all rights related to the Series I Preferred Stock will terminate on the Redemption Date, except for the right to receive the redemption amount.
Does Annaly’s Series I Preferred Redemption Reshape Its Capital Allocation Story For NLY Investors?
Annaly Capital Management recently announced third-quarter 2026 cash dividends for its Series F, G, I, and J preferred shares and concurrently moved to redeem all outstanding Series I preferred shares. This redemption, effective October 1, 2026, at US$25.00 per share, represents an adjustment to Annaly's capital structure. Investors should consider how this move, along with ongoing interest rate volatility and mortgage spread risks, influences the company's investment narrative and outlook, particularly given its focus on managing interest rate risk and earnings from its mortgage-focused portfolio.
Annaly Capital to Redeem Series I Preferred Shares
Annaly Capital Management, Inc. (NLY) announced it will redeem all 17.7 million outstanding shares of its 6.750% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock on October 1, 2026, at a cash redemption price of $25.00 per share. Dividends on these preferred shares will cease accruing as of the redemption date, and all accrued dividends through September 30, 2026, will be paid. This move is part of the company's strategy to adjust its capital structure and retire higher-cost capital.
Annaly Capital (NYSE: NLY) calls all 6.75% Series I preferred
Annaly Capital Management, Inc. (NYSE: NLY) announced the redemption of all 17,700,000 shares of its 6.750% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock at a cash price of $25.00 per share. The redemption date is October 1, 2026, by which time all accrued dividends through September 30, 2026, will have been paid, and all rights associated with the Series I shares will terminate except for the right to receive the redemption amount. This announcement was made via a press release and an 8-K filing, with Computershare Inc. acting as the redemption and paying agent.
Annaly Capital Management, Inc. Announces Redemption of all 17,700,000 Outstanding Shares of 6.750% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Annaly Capital Management, Inc. (NYSE: NLY) has announced the redemption of all 17,700,000 outstanding shares of its 6.750% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. The redemption amount for each share is $25.00 and will be paid on October 1, 2026, at which point dividends will cease to accumulate. Shareholders are instructed to contact Computershare Inc. for details regarding the surrender of their shares.
Annaly to redeem all series I preferred stock for $442.5m
Annaly Capital Management Inc. announced it will redeem all 17.7 million outstanding shares of its 6.750% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock on October 1, 2026, for $25.00 per share, totaling $442.5 million. Dividends on these shares will cease, and all accrued dividends through September 30, 2026, will be paid. Shareholders must surrender their certificates to Computershare Inc. to receive payment.
Annaly Capital Management, Inc. Announces Redemption of all 17,700,000 Outstanding Shares of 6.750% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Annaly Capital Management, Inc. (NYSE: NLY) has announced the redemption of all 17,700,000 outstanding shares of its 6.750% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. The redemption amount for each share is $25.00, payable on October 1, 2026, at which point dividends will cease to accumulate and all rights related to these shares will terminate. The company has confirmed that all accrued dividends through September 30, 2026, will have been paid, ensuring no unpaid dividends on the redemption date.
52,247 Shares in Annaly Capital Management Inc $NLY Purchased by Trivium Point Advisory LLC
Trivium Point Advisory LLC recently acquired 52,247 shares of Annaly Capital Management (NLY), valued at approximately $1.17 million. This purchase highlights ongoing institutional interest, with various firms adjusting their stakes in NLY, which currently has a "Moderate Buy" consensus rating and a 12.9% dividend yield. The company also reported strong quarterly earnings, exceeding analyst estimates.
ETFs Investing in Annaly Capital Management, Inc. Cum Conv Red Pfd Registered Shs Series I Stocks
This article lists several ETFs that invest in Annaly Capital Management, Inc. Cum Conv Red Pfd Registered Shs Series I stocks. Each ETF entry includes details such as market value, weight, issuer, management style, expense ratio, assets under management (AUM), and price performance. The list highlights various funds that provide investors with exposure to Annaly Capital Management's preferred stock through diversified portfolios.
Alberta Investment Management Corp Acquires Shares of 382,100 Annaly Capital Management Inc $NLY
Alberta Investment Management Corp (AIMCo) has acquired 382,100 shares of Annaly Capital Management Inc (NYSE:NLY), a mortgage REIT, valued at approximately $8.54 million during the second quarter. This investment represents about 0.05% of Annaly's shares. Annaly Capital Management recently reported strong quarterly earnings, beating analyst estimates, and increased its quarterly dividend to $0.75 per share, resulting in a 12.9% yield.
Annaly Capital Management Inc $NLY Shares Bought by Principal Financial Group Inc.
Principal Financial Group Inc. increased its holdings in Annaly Capital Management Inc. by 3.7% in Q2 2026, purchasing an additional 60,537 shares, bringing its total to 1.68 million shares valued at $37.6 million. Annaly Capital Management (NLY) has received a "Moderate Buy" consensus rating from analysts, with an average price target of $24.33, compared to its recent share price of $23.33. The company also reported strong Q2 earnings, beating EPS estimates, and raised its quarterly dividend to $0.75 per share, resulting in a 12.9% yield.
Annaly Capital Management Inc $NLY Shares Acquired by TD Asset Management Inc
TD Asset Management Inc. increased its stake in Annaly Capital Management Inc. by 25.1%, bringing its total holdings to 519,768 shares valued at $11.6 million. Annaly Capital Management exceeded analyst expectations with quarterly earnings of $0.79 per share and revenue of $1.82 billion, and the company raised its quarterly dividend to $0.75 per share, offering a 12.9% yield. Analysts currently maintain a "Moderate Buy" consensus rating for the stock with an average price target of $24.33.
Pictet Asset Management Holding SA Buys 45,402 Shares of Annaly Capital Management Inc $NLY
Pictet Asset Management Holding SA increased its stake in Annaly Capital Management Inc. by 12.1% during the second quarter, purchasing an additional 45,402 shares and bringing its total holdings to 419,836 shares valued at $9.39 million. Other institutional investors like Vanguard Group Inc., State Street Corp, Geode Capital Management LLC, Norges Bank, and Morgan Stanley also adjusted their positions in NLY. Analysts have given Annaly Capital Management a "Moderate Buy" rating with a consensus price target of $24.33, and the company recently increased its quarterly dividend to $0.75 per share, representing an annualized dividend yield of 12.9%.
Rithm Rallies 12.2% in a Month as Asset Management Gains Momentum
Rithm Capital Corp. (RITM) has seen a 12.2% gain in its stock price over the past month, driven by growth in its asset management division, Newrez, and Genesis. While asset management revenues increased significantly and Newrez showed improved operating returns, the company still faces risks from elevated expenses, limited liquidity, and mortgage-servicing volatility. Despite a mixed earnings outlook, Rithm's valuation appears attractive compared to its peers and historical levels.
Retirement Systems of Alabama Reduces Holdings in Annaly Capital Management Inc $NLY
Retirement Systems of Alabama decreased its stake in Annaly Capital Management (NLY) by 11.1% in Q2, selling 122,806 shares but still holding 979,848 shares valued at $21.9 million. Despite this reduction, analysts maintain a "Moderate Buy" rating with an average price target of $24.33. Annaly recently reported strong Q2 EPS of $0.79, exceeding estimates, and increased its quarterly dividend to $0.75, offering a 12.8% annualized yield.
ANNALY CAPITAL MANAGEMENT INC 8.875 CUM PREF SER J To Go Ex-Dividend On September 1st, 2026 With 0.55469 USD Dividend Per Share
ANNALY CAPITAL MANAGEMENT INC will go ex-dividend on September 1st, 2026, for its 8.875 CUM PREF SER J shares. Shareholders will receive a dividend of 0.55469 USD per share.
Annaly Capital Management, Inc. Announces Preferred Dividends
Annaly Capital Management, Inc. has declared cash dividends for its Series F, G, I, and J Fixed-to-Floating Rate Cumulative Redeemable Preferred Stocks for the third quarter of 2026. The dividends are payable on September 30, 2026, to shareholders of record as of September 1, 2026. This announcement details the per-share dividend amounts and the rates for each preferred stock series, which are tied to three-month CME Term SOFR.
Annaly Capital Management, Inc. Announces Preferred Dividends
Annaly Capital Management, Inc. has announced cash dividends for its Series F, G, I, and J Preferred Stocks for the third quarter of 2026. The dividends, with varying rates based on CME Term SOFR plus a spread, are payable on September 30, 2026, to shareholders of record as of September 1, 2026. Annaly is a diversified capital manager focused on generating net income for stockholders through mortgage finance investment strategies.
Annaly’s Shift Toward Higher Coupon MBS Might Change The Case For Investing In Annaly (NLY)
Annaly Capital Management is focusing on higher coupon Agency mortgage-backed securities (6%-6.5%) to enhance economic returns and margins, alongside a perception of its shares being undervalued. This strategy, combined with strong Q2 2026 results, aims to improve earnings despite inherent interest rate and funding risks in its mortgage REIT model. Investors need to weigh the benefits of higher-yielding assets against potential interest rate volatility and hedging costs to assess its long-term investment narrative.
Annaly (NLY) Stock Still Looks Cheap At Today’s Price
Annaly Capital Management (NLY) has delivered a strong 73.6% return over the past three years, and current valuations suggest its shares may still be trading below their intrinsic value. Both the Excess Returns intrinsic value model and market multiples indicate the stock is undervalued, scoring 4 out of 6 on valuation checks. Despite the strong past performance, investors should consider the inherent interest rate and funding risks associated with its mortgage REIT business model.
Annaly Capital Management (NLY) Could Be 4% Undervalued On Its Higher Coupon Portfolio Shift
Annaly Capital Management (NLY) is considered 4% undervalued, with a fair value estimated at $24 per share compared to its recent closing price of $23.04. This valuation is based on the company's strategic shift to higher coupon segments (6% and 6.5%) within its Agency MBS portfolio, which is expected to enhance economic returns and net margins. However, potential risks include wider mortgage spreads or increased hedging costs that could impact portfolio returns and margins.
Annaly (NLY) Stock Looks Undervalued Even After A 74% Return
Annaly Capital Management (NLY) stock has seen a 73.6% return over the last three years but still appears undervalued based on its Excess Returns model and earnings-based multiples. While the stock screens as undervalued with a 47.8% discount to its intrinsic value, broader valuation checks present a mixed picture. Investors need to weigh the apparent discount against the risks associated with Annaly's mortgage portfolio, funding costs, and interest rate sensitivity to determine if the discount is attractive or if it suggests persistent higher risk.
9% Dividend Yield From Annaly's Best Preferred Share (NYSE:NLY.PR.I)
The article evaluates Annaly Capital Management's preferred shares, highlighting NLY-I as the most attractive among its peers due to its 8.95% stripped yield and superior 4.989% floating spread. Despite its relative value, NLY-I is still considered outside the buy range by the author, trading approximately $0.45 above their target price, advising patience for new investors. Current holders are given a "hold" rating, acknowledging the material call risk.
Quantinno Capital Management LP Has $6.85 Million Stock Position in Annaly Capital Management Inc $NLY
Quantinno Capital Management LP significantly increased its stake in Annaly Capital Management (NLY) by 123.7% in the first quarter, holding over 323,924 shares valued at $6.85 million. Other institutions, including Goldman Sachs, also boosted their positions, contributing to 51.56% institutional ownership. Annaly reported strong quarterly EPS of $0.79, beating estimates, and raised its quarterly dividend to $0.75, equating to a 13.2% yield, while analysts maintain a "Moderate Buy" rating with an average price target of $24.33.
Best Value Stocks to Buy for August 6th
This article identifies three top value stocks for August 6th, all carrying a Zacks Rank #1 (Strong Buy). The selected companies are Annaly Capital Management, Inc. (NLY), Industrial and Commercial Bank of China Limited (IDCBY), and Agricultural Bank of China Limited (ACGBY). Each stock is highlighted for its strong value characteristics, including a low price-to-earnings ratio compared to its industry and recent positive revisions in current year earnings estimates.
