REIT Annaly Capital Management (NYSE:NLY) 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
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 (NS:MORT)
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 (NASDAQ:YHOO) Finance
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ISHARS-MTG RE (REM): ETF Research Reports
VANECK-MTG REIT (MORT): ETF Research Reports
Annaly Capital Management Inc (NLY): Free Stock Analysis Report
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Zacks Investment Research