Anworth Mortgage Asset Corporation (NYSE:ANH)‘s stock had its “hold” rating reaffirmed by Credit Suisse Group in a research report issued on Friday. They presently have a $6.00 target price on the real estate investment trust’s stock. Credit Suisse Group’s target price points to a potential upside of 1.35% from the stock’s previous close.
Separately, TheStreet upgraded shares of Anworth Mortgage Asset Corporation from a “d+” rating to a “c” rating in a research note on Tuesday, May 2nd.
Shares of Anworth Mortgage Asset Corporation (NYSE:ANH) opened at 5.92 on Friday. The company has a market cap of $566.14 million, a P/E ratio of 11.36 and a beta of 0.27. Anworth Mortgage Asset Corporation has a one year low of $4.69 and a one year high of $6.35. The stock’s 50 day moving average is $6.12 and its 200-day moving average is $5.72.
Anworth Mortgage Asset Corporation (NYSE:ANH) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by $0.01. The business had revenue of $13.89 million during the quarter, compared to analysts’ expectations of $17.78 million. Anworth Mortgage Asset Corporation had a return on equity of 8.86% and a net margin of 44.13%. Anworth Mortgage Asset Corporation’s revenue for the quarter was up 23.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.15 EPS. Equities research analysts forecast that Anworth Mortgage Asset Corporation will post $0.53 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: “Credit Suisse Group Reiterates “Hold” Rating for Anworth Mortgage Asset Corporation (NYSE:ANH)” was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this article on another site, it was copied illegally and reposted in violation of United States & international trademark and copyright law. The correct version of this article can be read at https://stocknewstimes.com/2017/08/06/credit-suisse-group-reiterates-hold-rating-for-anworth-mortgage-asset-corporation-nyseanh.html.
A number of institutional investors have recently modified their holdings of the stock. UBS Asset Management Americas Inc. boosted its position in shares of Anworth Mortgage Asset Corporation by 81.0% in the first quarter. UBS Asset Management Americas Inc. now owns 47,483 shares of the real estate investment trust’s stock valued at $264,000 after buying an additional 21,255 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Anworth Mortgage Asset Corporation by 7.4% in the first quarter. Bank of New York Mellon Corp now owns 494,861 shares of the real estate investment trust’s stock valued at $2,747,000 after buying an additional 34,108 shares in the last quarter. IndexIQ Advisors LLC boosted its position in shares of Anworth Mortgage Asset Corporation by 12.6% in the first quarter. IndexIQ Advisors LLC now owns 101,888 shares of the real estate investment trust’s stock valued at $565,000 after buying an additional 11,428 shares in the last quarter. Nwam LLC boosted its position in shares of Anworth Mortgage Asset Corporation by 1.4% in the first quarter. Nwam LLC now owns 141,350 shares of the real estate investment trust’s stock valued at $784,000 after buying an additional 2,000 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Anworth Mortgage Asset Corporation by 11.4% in the first quarter. Wells Fargo & Company MN now owns 331,687 shares of the real estate investment trust’s stock valued at $1,842,000 after buying an additional 33,953 shares in the last quarter. 59.60% of the stock is owned by institutional investors.
Anworth Mortgage Asset Corporation Company Profile
Anworth Mortgage Asset Corporation is a real estate investment trust (REIT). The Company’s investment objective is to provide risk-adjusted total returns to its stockholders over the long-term primarily through dividends and secondarily through capital appreciation. Its strategy is to invest in residential mortgage-backed securities (MBS) (both Agency MBS and Non-Agency MBS), residential mortgage loans and residential rental properties.
Receive News & Ratings for Anworth Mortgage Asset Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anworth Mortgage Asset Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
