Anworth Mortgage Asset Corporation (ANH) Cut to “Buy” at ValuEngine

Anworth Mortgage Asset Corporation (NYSE:ANH) was downgraded by investment analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a report issued on Thursday.

Separately, Credit Suisse Group restated a “hold” rating and issued a $6.00 price objective on shares of Anworth Mortgage Asset Corporation in a research note on Friday, August 4th.

Anworth Mortgage Asset Corporation (NYSE ANH) traded down 2.89% during midday trading on Thursday, reaching $5.72. 722,848 shares of the company’s stock traded hands. The company has a market capitalization of $557.99 million, a PE ratio of 9.04 and a beta of 0.27. The firm’s 50 day moving average price is $6.05 and its 200-day moving average price is $6.01. Anworth Mortgage Asset Corporation has a 1-year low of $4.75 and a 1-year high of $6.35.

Anworth Mortgage Asset Corporation (NYSE:ANH) last posted its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). The business had revenue of $13.89 million during the quarter, compared to analyst estimates of $17.78 million. Anworth Mortgage Asset Corporation had a net margin of 44.13% and a return on equity of 8.83%. The company’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.15 earnings per share. Equities analysts expect that Anworth Mortgage Asset Corporation will post $0.53 EPS for the current year.

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Several large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Anworth Mortgage Asset Corporation by 1.6% in the second quarter. Vanguard Group Inc. now owns 8,392,173 shares of the real estate investment trust’s stock valued at $50,438,000 after acquiring an additional 135,959 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Anworth Mortgage Asset Corporation by 9.3% in the second quarter. Renaissance Technologies LLC now owns 3,856,920 shares of the real estate investment trust’s stock valued at $23,180,000 after acquiring an additional 328,800 shares in the last quarter. State Street Corp boosted its holdings in shares of Anworth Mortgage Asset Corporation by 18.8% in the first quarter. State Street Corp now owns 2,862,931 shares of the real estate investment trust’s stock valued at $15,900,000 after acquiring an additional 454,018 shares in the last quarter. Boston Partners boosted its holdings in shares of Anworth Mortgage Asset Corporation by 2.6% in the second quarter. Boston Partners now owns 2,134,930 shares of the real estate investment trust’s stock valued at $12,831,000 after acquiring an additional 54,389 shares in the last quarter. Finally, Global X Management Co. LLC boosted its holdings in shares of Anworth Mortgage Asset Corporation by 4.8% in the second quarter. Global X Management Co. LLC now owns 1,703,764 shares of the real estate investment trust’s stock valued at $10,240,000 after acquiring an additional 77,701 shares in the last quarter. 56.15% of the stock is currently owned by institutional investors and hedge funds.

About Anworth Mortgage Asset Corporation

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.

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