American Homes 4 Rent (AMH) vs Annaly Capital Management (NLY)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
American Homes 4 Rent (AMH) has outperformed Annaly Capital Management (NLY) over the past year, losing 6.5% versus a loss of 12.8%. Over five years, AMH leads with a -22.0% price change compared with -46.8% for NLY. Annaly Capital Management is the larger company by market cap ($13.66 billion vs $12.53 billion), about 1.1 times the size.
On valuation, Annaly Capital Management trades at a lower forward P/E (5.8x vs 45.2x for American Homes 4 Rent). Annaly Capital Management offers the higher dividend yield (15.72% vs 4.12%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | AMH | NLY |
|---|---|---|
| Share price | $30.57 | $18.13 |
| Market cap | $12.53B | $13.66B |
| 1-day change | +0.28% | -0.77% |
| YTD return | -5.02% | -18.29% |
| 1-year return | -6.50% | -12.79% |
| 5-year return | -22.02% | -46.77% |
| P/E ratio (TTM) | 24.26 | 4.44 |
| Forward P/E | 45.21 | 5.84 |
| EPS (TTM) | $1.26 | $4.08 |
| Dividend yield | 4.12% | 15.72% |
| Annual dividend | $1.26 | $2.85 |
| Revenue (latest FY) | $1.85B | — |
| Revenue growth (YoY) | +7.03% | — |
| Net income (latest FY) | $513.39M | $2.03B |
| Net margin | 27.75% | — |
| 52-week high | $35.07 | $24.52 |
| 52-week low | $27.22 | $17.76 |
| Distance from 52-week high | -12.83% | -26.06% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +21.39% | +32.10% |
| Average volume | 2.51M | 9.21M |
| Shares outstanding | 359.18M | 753.71M |
| Employees | 1,598 | 212 |
| Sector | Real Estate | Real Estate |
| Industry | Real Estate Investment Trusts | Real Estate Investment Trusts |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- American Homes 4 Rent trades at a higher earnings multiple (24.3x vs 4.4x trailing P/E).
- Annaly Capital Management offers a meaningfully higher dividend yield (15.72% vs 4.12%).
About American Homes 4 Rent
AMH stock →American Homes 4 Rent is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on developing, renovating, leasing and managing homes as rental properties.
Real Estate · Real Estate Investment Trusts · 1,598 employees
About Annaly Capital Management
NLY stock →Annaly Capital Management, Inc., a diversified capital manager, engages in the residential mortgage finance business. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage-backed securities; residential mortgage loans; and agency or private label credit risk transfer securities.
Real Estate · Real Estate Investment Trusts · 212 employees
AMH vs NLY FAQ
Which is bigger, American Homes 4 Rent or Annaly Capital Management?
Annaly Capital Management (NLY) is larger, with a market capitalization of $13.66B compared with $12.53B for American Homes 4 Rent (AMH).
Which stock has performed better over the past year, AMH or NLY?
AMH returned -6.50% over the past 12 months, compared with -12.79% for NLY (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, AMH or NLY?
NLY has the lower trailing P/E at 4.4, versus 24.3 for AMH. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, American Homes 4 Rent or Annaly Capital Management?
Annaly Capital Management has the higher yield at 15.72%, compared with 4.12% for American Homes 4 Rent.
Are American Homes 4 Rent and Annaly Capital Management in the same industry?
Yes. Both are classified in the Real Estate Investment Trusts industry within the Real Estate sector.