Annaly Capital Management, Inc. (NLY) has reported better-than-expected third-quarter earnings available for distribution (EAD) per share of $0.28 against the consensus estimate of $0.27 per share. While net interest income of the real estate investment trust company declined 19% year-over-year to $362.5 million, net interest margin slipped 1 basis point to 2.04%. See Insiders’ Hot Stocks on TipRanks >> For the third quarter, the company reported a book value per common share of $8.39, as compared to $8.70 per share in the same quarter last year. Annualized EAD return on average equity stood at 12.81%, down from 13.79% in the prior-year quarter.
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