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Annaly Capital Management Reports Q1 Earnings: ETFs in Focus
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REIT Annaly Capital Management (NLY - Free Report) reported first-quarter 2017 net interest income of $389.30 million, up over 61.7% from $240.7 million a year ago. It reported core earnings per share (including premium amortization adjustment of $0.02) of $0.31, beating the Zacks Consensus Estimate of $0.30.
Moreover, it reported high variability in Other Income (Loss) data, with gain of $31.646 million in the quarter against a loss of $6.115 million in the year-ago quarter.
Comprehensive income came in at $400.31 million against a loss of $357.0 million in the previous quarter. The company had recorded a gain of $150.04 million in the year-ago quarter. Moreover, the company declared a dividend of $0.30 per share for the quarter.
The company reported book value per share of $11.23, up 0.05% from $11.16 in the previous quarter. Its book value per share was $11.61 in the year-ago quarter.
Shares of NLY were relatively flat in afterhours trading on May 3, 2017.
iShares Mortgage Real Estate Capped ETF (REM - Free Report)
This fund offers exposure to the U.S. residential and commercial real estate space. It has AUM of $1.34 billion and charges a fee of 48 basis points a year. It has 17.96% exposure to Annaly (as of May 2, 2017). It bears significant concentration risk as almost 70% of the fund assets are allocated to the top 10 holdings. The fund returned 9.15% in the year-to-date frame and 15.7% in the past one year (as of May 3. 2017). It closed 1.16% lower at market close on Wednesday, May 3. 2017. The fund currently has a Zacks ETF Rank #4 (Sell) with a Medium risk outlook.
VanEck Vectors Mortgage REIT Income ETF (MORT - Free Report)
This fund seeks to provide exposure to the U.S. mortgage REIT space. It has AUM of $144.0 million and charges a fee of 41 basis points a year. It has a 13.68% exposure to Annaly (as of May 2, 2017). It bears significant concentration risk as over 63% of the fund assets are allocated to the top 10 holdings. The fund returned 9.83% in the year-to-date frame and 18.85% in the past one year (as of May 2, 2017). It closed 1.15% lower at market close on Wednesday, May 3. 2017. The fund currently has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook.
Below is a year-to-date chart comparing the performance of the funds and Annaly.
Source: Yahoo Finance
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Annaly Capital Management Reports Q1 Earnings: ETFs in Focus
REIT Annaly Capital Management (NLY - Free Report) reported first-quarter 2017 net interest income of $389.30 million, up over 61.7% from $240.7 million a year ago. It reported core earnings per share (including premium amortization adjustment of $0.02) of $0.31, beating the Zacks Consensus Estimate of $0.30.
Moreover, it reported high variability in Other Income (Loss) data, with gain of $31.646 million in the quarter against a loss of $6.115 million in the year-ago quarter.
Comprehensive income came in at $400.31 million against a loss of $357.0 million in the previous quarter. The company had recorded a gain of $150.04 million in the year-ago quarter. Moreover, the company declared a dividend of $0.30 per share for the quarter.
The company reported book value per share of $11.23, up 0.05% from $11.16 in the previous quarter. Its book value per share was $11.61 in the year-ago quarter.
Shares of NLY were relatively flat in afterhours trading on May 3, 2017.
Let us discuss the ETFs that have a relatively high exposure to Annaly (read: Why to Buy REIT ETFs in 2017?).
iShares Mortgage Real Estate Capped ETF (REM - Free Report)
This fund offers exposure to the U.S. residential and commercial real estate space. It has AUM of $1.34 billion and charges a fee of 48 basis points a year. It has 17.96% exposure to Annaly (as of May 2, 2017). It bears significant concentration risk as almost 70% of the fund assets are allocated to the top 10 holdings. The fund returned 9.15% in the year-to-date frame and 15.7% in the past one year (as of May 3. 2017). It closed 1.16% lower at market close on Wednesday, May 3. 2017. The fund currently has a Zacks ETF Rank #4 (Sell) with a Medium risk outlook.
VanEck Vectors Mortgage REIT Income ETF (MORT - Free Report)
This fund seeks to provide exposure to the U.S. mortgage REIT space. It has AUM of $144.0 million and charges a fee of 41 basis points a year. It has a 13.68% exposure to Annaly (as of May 2, 2017). It bears significant concentration risk as over 63% of the fund assets are allocated to the top 10 holdings. The fund returned 9.83% in the year-to-date frame and 18.85% in the past one year (as of May 2, 2017). It closed 1.15% lower at market close on Wednesday, May 3. 2017. The fund currently has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook.
Below is a year-to-date chart comparing the performance of the funds and Annaly.
Source: Yahoo Finance
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>
.