Annaly stock: Wells Fargo cuts target from USD 24.00 to USD 22.00 for Annaly stock

Published on 10/22/2026 at 19:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Annaly earned USD 0.80 per share in the third quarter of 2026. Annaly stock costs EUR 16.50 at Lang & Schwarz on October 22, 2026.

Analyst target and earnings

Wells Fargo lowered its Annaly target from USD 24.00 to USD 22.00 on October 22, 2026.
Annaly reported USD 0.80 in earnings available for distribution per share for the third quarter of 2026.
Annaly stock costs EUR 16.50 at Lang & Schwarz on October 22, 2026 at 7:43 p.m. CEST.
The company declared a USD 0.75 quarterly dividend for payment on October 30, 2026.

NLY, US0357108390, Illustration mit AI erstellt.

Annaly Capital Management (ISIN US0357108390) drew a lower price target from Wells Fargo on October 22, 2026, while its third-quarter results showed earnings available for distribution of USD 0.80 per share. According to Markets Insider, Wells Fargo reduced its target from USD 24.00 to USD 22.00 and kept an Overweight rating. Annaly was trading at EUR 16.50 at Lang & Schwarz on October 22, 2026 at 7:43 p.m. CEST.

Earnings covered the dividend

The latest quarter ended September 30, 2026, and the company published its results on October 20, 2026. Annaly reported GAAP loss per share of USD 1.36, compared with GAAP earnings per share of USD 1.21 in the third quarter of 2025, while earnings available for distribution rose from USD 0.73 to USD 0.80 per share. The quarterly dividend was USD 0.75 per share, leaving adjusted distribution earnings USD 0.05 above the payout. These figures come from Annaly Capital Management.

Book value remains the pressure point

Book value per common share fell to USD 17.86 from USD 20.15 in the prior quarter, a decline of 11.34 percent. GAAP leverage rose to 8.00 times from 7.40 times, while economic return was negative 7.60 percent for the third quarter. The company also reported a net interest margin of 1.54 percent, compared with 1.47 percent in the second quarter.

Valuation and peer figures

On the NYSE, Annaly was trading at USD 18.50 at 1:51 p.m. ET on October 22, 2026, with a USD 13.9 billion market capitalization, a trailing P/E of 12.84 and a 52-week range of USD 17.70 to USD 24.52. The price was 4.52 percent above its 52-week low and 24.55 percent below its 52-week high.

Annaly will pay the declared USD 0.75 dividend on October 30, 2026. The latest earnings call took place on October 21, 2026, according to Investing.com.

Comparison with peers

Annaly: up 2.72 percent, P/E 12.84, market capitalization USD 13.9 billion.

AGNC Investment: up 2.05 percent, P/E 128.07, market capitalization USD 10.6 billion.

Blackstone Mortgage Trust: up 4.41 percent, P/E 133.06, market capitalization USD 1.8 billion.

What Wells Fargo changed

The lower target places more weight on book value and interest-rate sensitivity than on the quarterly distribution. Annaly's USD 17.86 book value per share was below the USD 22.00 target, while the dividend remained covered by USD 0.80 of earnings available for distribution.

The further course of trading is shown by the continuously updated real-time quote of Annaly stock.