Anworth Mortgage Asset Corporation (ANH) Issues Quarterly Earnings Results, Meets Estimates
Anworth Mortgage Asset Corporation (NYSE:ANH) announced its earnings results on Tuesday. The real estate investment trust reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12, Bloomberg Earnings reports. Anworth Mortgage Asset Corporation had a net margin of 44.13% and a return on equity of 8.83%. During the same period in the prior year, the business posted $0.13 earnings per share.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, September 29th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of Infinity. The ex-dividend date of this dividend was Thursday, September 28th. Anworth Mortgage Asset Corporation’s dividend payout ratio (DPR) is 95.24%.
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Several research analysts recently weighed in on the stock. Credit Suisse Group reissued a “hold” rating and issued a $6.00 target price on shares of Anworth Mortgage Asset Corporation in a research note on Friday, August 4th. ValuEngine upgraded Anworth Mortgage Asset Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 6th.
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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