> ## Content Index
> Fetch the complete content index at: https://www.huntingalphas.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# Annaly Capital: Set To Rise From Falling Rates (Archive)
- URL: https://www.huntingalphas.com/annaly-capital-set-to-rise-from-falling-rates-archive/
- Published: 2024-01-02T17:00:00.000Z
- Updated: 2026-02-27T06:10:09.000Z
- Description: Annaly is positioned to revive book value as falling rates restore net interest margins.
- Author: Vish (Hunting Alphas)
- Tags: 5-Minute Pitches, #noindex, Archive, #sa-origin, NLY, REIT

*This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.*

## Elevator Pitch

- Annaly Capital Management has been hit hard by rising interest rates as this has caused net interest margins and ultimately book value per share to fall.
- Management has placed hedges to position the company for an end to the rate hiking cycle, and has managed to gain market share in key segments amid a challenging environment.
- Now, Annaly is expected to benefit from potential rate cuts, leading to a revival in net interest income yields and increased activity in the agency mortgage-backed security business.
- Annaly is trading at fair P/B multiples. I believe upside can come from upticks in book value per share.
- Besides the Fed's interest rate decisions, mortgage prepayment rates are a key risk to watch out for as this may increase as rates fall.

Read the full article [here](https://seekingalpha.com/article/4660778-annaly-capitalset-to-rise-from-falling-rates?ref=huntingalphas.com).

#### Disclosures and Disclaimers

**Past performance ≠ future results. Not investment advice. See* [**full Disclaimer*](https://www.huntingalphas.com/disclaimer/)**.*