Annaly Capital Management reported an insider sale and quarterly results that together offer a concentrated view of the company's recent activity. On February 18, 2026, President and Chief Operating Officer Steven Francis Campbell sold 28,225 shares of Annaly common stock for roughly $652,562. The shares transacted in a range between $22.93 and $23.27.
Following the transaction, Campbell's direct holdings in the company stood at 204,491 shares. The sale was carried out under a previously established Rule 10b5-1 trading arrangement adopted on November 3, 2025. The plan was put in place for tax and estate planning purposes, and the sale was consistent with that schedule.
The stock has delivered a 21% return over the past year and is trading at a price-to-earnings ratio of 7.83. Annaly offers a substantial dividend yield of 12.2% and has maintained dividend payments for 29 consecutive years. Data cited by the company indicates the shares are currently trading below their Fair Value.
Annaly also released its fourth-quarter 2025 financial results. Reported earnings per share came in at $0.74, narrowly above the consensus forecast of $0.73. Revenue for the quarter reached $921.76 million, notably exceeding the $675.82 million anticipated by analysts.
Despite the top-line and bottom-line beats, the stock showed a slight decline in premarket trading following the results. Analysts had anticipated the published estimates, and management's commentary during the earnings call provided additional context on strategy and financial condition. Those remarks may factor into future analyst reviews and investor assessments.
For market participants and observers, the combination of an insider sale executed under a pre-arranged plan, solid quarterly figures, an elevated dividend yield, and metrics indicating undervaluation present a mixed but data-rich picture of Annaly's current position in the market.
Key points
- Insider sale: President and COO Steven Francis Campbell sold 28,225 shares on February 18, 2026, for approximately $652,562 under a Rule 10b5-1 plan.
- Quarterly results: Q4 2025 EPS was $0.74 versus a $0.73 forecast, and revenue was $921.76 million versus an expected $675.82 million.
- Market metrics: The stock has a one-year return of 21%, a P/E of 7.83, a 12.2% dividend yield, and is reported as undervalued relative to Fair Value.
Risks and uncertainties
- Market reaction: The shares dipped slightly in premarket trading despite the earnings beat, indicating near-term market sentiment can diverge from reported fundamentals - impacting equity investors and REIT market participants.
- Insider disposition context: Although the sale was executed under a pre-arranged 10b5-1 plan adopted for tax and estate planning, insider transactions can still create investor uncertainty around executive holdings and future insider activity - relevant to governance-focused investors.
- Valuation assumptions: While data indicates the stock is undervalued relative to its Fair Value, those assessments depend on the underlying valuation model and assumptions, which may affect income and dividend-oriented investors if assumptions change.