Anworth Mortgage Asset Corporation to Issue Quarterly Dividend of $0.15 (ANH)
Anworth Mortgage Asset Corporation (NYSE:ANH) declared a quarterly dividend on Friday, September 15th, RTT News reports. Stockholders of record on Friday, September 29th will be given a dividend of 0.15 per share by the real estate investment trust on Friday, October 27th. This represents a $0.60 annualized dividend and a dividend yield of 9.90%.
Anworth Mortgage Asset Corporation has raised its dividend payment by an average of 1.7% annually over the last three years and has increased its dividend every year for the last 2 years.
Anworth Mortgage Asset Corporation (NYSE ANH) traded up 1.17% on Friday, hitting $6.06. The stock had a trading volume of 1,662,815 shares. The company has a market capitalization of $591.16 million, a price-to-earnings ratio of 9.57 and a beta of 0.27. Anworth Mortgage Asset Corporation has a 52 week low of $4.69 and a 52 week high of $6.35. The firm has a 50-day moving average of $6.04 and a 200 day moving average of $5.88.
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 firm had revenue of $13.89 million for 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 8.83%. The firm’s revenue was up 23.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 EPS. On average, analysts predict that Anworth Mortgage Asset Corporation will post $0.53 earnings per share for the current year.
Several research firms have issued reports on ANH. Credit Suisse Group reissued a “hold” rating and set a $6.00 price target on shares of Anworth Mortgage Asset Corporation in a report on Friday, August 4th. ValuEngine raised Anworth Mortgage Asset Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 6th.
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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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