Annaly on sale after big gain in book value

|About: Annaly Capital Managemen... (NLY)|By:, SA News Editor

Q2 core earnings of $300.4M or $0.30 per share vs. $239.7M and $0.23 in Q1, and $294.2M and $0.29 a year ago. Dividend is $0.30.

Book value per share of $13.23 up from $12.30 at end of Q1. Today's close of $11.26 puts the stock at a 15.1% discount to book.

Net interest spread of 1.26% gains 36 basis points from Q1.

Agency MBS holdings of $82.4B up from $77.8B in Q1 (95% are fixed rate). CPR of 7% up from 6%.

Commercial real estate paper holdings of $1.6B, flat from Q1. Commercial real estate holdings of $74.4M up from $40.3M.

Leverage of 5.3x vs. 5.2x in Q1 and 6.2x a year ago.

Conference call tomorrow at 10 ET

Previously: Annaly Capital Management beats by $0.03

NLY +1.2% AH