- Annaly just reported Q2 results, and it increased its book value by about 7.5% due to gains in agency-backed RMBSs.
- Annaly reduced its hedging and slightly increased leverage in anticipation of strong agency-backed RMBS performance. The strength continues into Q3, which means the strategy should continue to benefit Annaly.
- Annaly's valuation has underperformed government debt ETFs so far in Q3, despite being leveraged to the rates moving those ETFs up, indicating Annaly's equity needs to catch up.
Last week, Annaly Capital Management Inc. (NYSE:NLY) filed its report for the second quarter of 2014. Annaly reported core earnings of $300.4 million, or $0.30 per share, while book value increased to $13.23 per share from $12.30. This $0.93 book value increase is about 7.5 percent, or over three times the dividend Annaly paid out in the quarter. The mREIT is now priced at around a 13 percent discount to this stated book value at the end of the second quarter, with it appearing likely that book value increased further so far in the third quarter.
I' m Jakuba Lucas by name and I live in the Makati Philippines, Am so much filled with happiness and Joy,I would like to talk about the goodness of God in my life, after so many months of trying to get a loan on the internet, so I became desperate in getting a loan from a legit lender online then I see comment from a friend called bobby Leo and talked about this legit loan officer , where he got his loan quick and easy with no stress, so he introduced me to a man named Mr.Pedro who work as a loan officer, so I asked for a loan sum ($ 89,000.00 USD) with a low interest rate of 2%, so the loan was approved and was deposited into my bank account that was how I was able to get a loan to start up my business running and pay off my bills, so I advise each of you who are interested in getting a loan quick and easy or sblc, please contact them via Email: pedroloanss@gmail.com get any kind of loan you need today, thank you, as you read the greatest testimony of my life.
ReplyDelete