Credit Suisse Group restated their hold rating on shares of Anworth Mortgage Asset Corporation (NYSE:ANH) in a research report report published on Friday morning. They currently have a $6.00 target price on the real estate investment trust’s stock.

Separately, TheStreet upgraded 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. Anworth Mortgage Asset Corporation has a 12-month low of $4.69 and a 12-month high of $6.35. The firm has a market cap of $566.14 million, a P/E ratio of 11.36 and a beta of 0.27. The company’s 50 day moving average price is $6.12 and its 200-day moving average price is $5.72.

Anworth Mortgage Asset Corporation (NYSE:ANH) last released 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 analysts’ expectations of $17.78 million. Anworth Mortgage Asset Corporation had a net margin of 44.13% and a return on equity of 8.86%. The company’s revenue was up 23.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS. On average, equities research analysts anticipate that Anworth Mortgage Asset Corporation will post $0.53 EPS for the current year.

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The company also recently declared a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, June 30th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.60 dividend on an annualized basis and a yield of 10.14%. Anworth Mortgage Asset Corporation’s dividend payout ratio is presently 95.24%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its position in Anworth Mortgage Asset Corporation by 79.6% in the second quarter. BNP Paribas Arbitrage SA now owns 25,390 shares of the real estate investment trust’s stock worth $153,000 after buying an additional 11,254 shares in the last quarter. Ameriprise Financial Inc. increased its position in Anworth Mortgage Asset Corporation by 29.4% in the first quarter. Ameriprise Financial Inc. now owns 29,080 shares of the real estate investment trust’s stock worth $162,000 after buying an additional 6,600 shares in the last quarter. Legal & General Group Plc increased its position in Anworth Mortgage Asset Corporation by 3.5% in the second quarter. Legal & General Group Plc now owns 28,177 shares of the real estate investment trust’s stock worth $169,000 after buying an additional 950 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in Anworth Mortgage Asset Corporation during the first quarter worth about $229,000. Finally, Nisa Investment Advisors LLC purchased a new position in Anworth Mortgage Asset Corporation during the first quarter worth about $240,000. Hedge funds and other institutional investors own 59.68% of the company’s stock.

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.

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