NEW YORK, October 05, 2022--Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") announced today that it will release its financial results for the quarter ended September 30, 2022 after the market close on Wednesday, October 26, 2022. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, October 27, 2022 at 9:00 a.m. Eastern Time.
Two of the most prominent mortgage real estate investment trusts (REITs), Annaly Capital Management (NYSE: NLY) and AGNC Investment (NASDAQ: AGNC), were down sharply during trading on Wednesday. Annaly Capital was down as much as 9% on the day at around noon ET, while AGNC fell as far as 9.7% on the day at around the same time. As both Annaly Capital and AGNC Investment are mortgage REITs, they were each negatively affected by the latest news from the housing industry.
Annaly Capital Management (NYSE: NLY) did not have a great month in September as its stock price plummeted 33.5%, according to S&P Global Market Intelligence. September was the cruelest month since the pandemic, as the S&P 500 fell 9.3%, while the Nasdaq Composite dropped 10.5%, and the Dow Jones Industrial Average was off by 8.8%. Annaly Capital, a mortgage real estate investment trust (REIT), was considerably worse than the overall market as it proved to be a difficult month for housing stocks.