# Annaly Preferred Share Near Buy Target

> Annaly Capital's preferred share nears buy target with 9.31% yield.
- Title: Annaly Preferred Share Near Buy Target · Seekingalpha
- Summary: Annaly Capital's preferred share nears buy target with 9.31% yield. Annaly Capital's NLY.PR.F preferred share offers 9.31% yield and trades $0.11 above buy…
- Keywords: annaly capital, nly.pr.f, preferred share, mortgage reit, dividend yield, buy target, yield to call, money, business, Annaly, Preferred, Share
- Source: Seekingalpha — https://seekingalpha.com/article/4956862-9_31-percent-dividend-yield-flirts-with-buy-from-annaly-capital-preferred-share
- Author: Colorado Wealth Management Fund
- Published: 2026-10-23T11:44:17+00:00
- Read time: 1 min
- Topics: annaly capital, nly.pr.f, preferred share, mortgage reit, dividend yield, buy target, yield to call, money, business
## Preferred Share Overview
Annaly Capital Management's NLY.PR.F preferred share offers 9.31% stripped yield and carries our lowest risk rating in the mortgage REIT sector.
## Current Price Target
NLY.PR.F trades just $0.11 above our buy target of $25.27, placing it in our hold range but extremely close to a buy.
## Call Risk
The primary risk is negative yield to call, as Annaly could redeem NLY.PR.F at $25, resulting in a slight capital loss at current prices.
## Company Safety
Annaly's substantial common equity relative to its preferreds enhances safety, but we remain disciplined on entry price, prioritizing value over chasing yield.
## Floating Dividend
NLY.PR.F is a fixed-to-floating preferred share with a current floating yield on price of around 9.30%.
## Spread Comparison
The 4.993% spread is materially more than Annaly Capital Management, Inc. PFD SER G (NLY.PR.G), which has a spread of only 4.172%.
## Downside Risk
The annualized yield to call is approximately negative 2.3%, meaning investors could face a slight capital loss if Annaly redeems shares at $25.
## Recent Redemption
Annaly recently redeemed NLY-I on October 1, 2026, with a floating spread of 4.989% similar to NLY.PR.F's 4.993%.
## Risk Rating
NLY.PR.F carries a risk rating of 1 on our scale from 1 to 5, considered the least risky in the mortgage REIT sector.
## Price Target Range
Our current price targets are: Strong Buy Under $24.29, Buy Under $25.27, Overpriced $25.87.
## Final Position
At $25.38, NLY.PR.F is in our hold range with no preferred shares in the buy range under a risk rating of 2.5.
## Key takeaway

Annaly Capital's NLY.PR.F preferred share offers 9.31% yield and trades $0.11 above buy target of $25.27.