TheStreet Downgrades Anworth Mortgage Asset Corp. to Sell (ANH)
Anworth Mortgage Asset Corp. (NYSE:ANH) was downgraded by research analysts at TheStreet from a “hold” rating to a “sell” rating in a report released on Friday, StockRatingsNetwork.com reports.
The analysts wrote, “Anworth Mortgage Asset Corporation (ANH) has been downgraded by TheStreet Ratings from hold to sell. The company’s weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, weak operating cash flow, generally disappointing historical performance in the stock itself and disappointing return on equity.”
Several other analysts have also recently commented on the stock. Analysts at Wunderlich cut their price target on shares of Anworth Mortgage Asset Corp. from $6.00 to $5.50 in a research note to investors on Friday, August 2nd. They now have a “hold” rating on the stock. Separately, analysts at RBC Capital cut their price target on shares of Anworth Mortgage Asset Corp. to $6.00 in a research note to investors on Friday, August 2nd. They now have an “outperform” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods cut their price target on shares of Anworth Mortgage Asset Corp. from $7.50 to $5.70 in a research note to investors on Wednesday, July 31st. They now have a “buy” rating on the stock.
One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Anworth Mortgage Asset Corp. presently has an average rating of “Hold” and a consensus price target of $6.15.
Shares of Anworth Mortgage Asset Corp. (NYSE:ANH) traded up 1.13% during mid-day trading on Friday, hitting $4.47. 405,305 shares of the company’s stock traded hands. Anworth Mortgage Asset Corp. has a 1-year low of $4.32 and a 1-year high of $6.99. The stock’s 50-day moving average is $4.85 and its 200-day moving average is $5.71. The company has a market cap of $639.1 million and a P/E ratio of 7.35.
Anworth Mortgage Asset Corp. (NYSE:ANH) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.15 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.13 by $0.02. During the same quarter last year, the company posted $0.18 earnings per share. Analysts expect that Anworth Mortgage Asset Corp. will post $0.54 EPS for the current fiscal year.
Anworth Mortgage Asset Corporation (NYSE:ANH) is a real estate investment trust (REIT).
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