Annaly Capital Hits 52-Week High: Factors Behind its Growth

Annaly Capital Management's shares hit a 52-week high of $22.80, with a 7% gain over the past three months. Easing mortgage rates and the company's disciplined investment strategy are driving momentum. Annaly's portfolio is diversified, with a significant allocation to Agency mortgage-backed securities, providing downside protection. The company's liquidity position remains strong, with $5.9 billion in cash and unencumbered Agency MBS.