The stock of Anworth Mortgage Asset Corporation (NYSE:ANH) hit a new 52-week high and has $6.71 target or 28.00% above today’s $5.24 share price. The 7 months bullish chart indicates low risk for the $505.49 million company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $6.71 price target is reached, the company will be worth $141.54 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 306,369 shares traded hands. Anworth Mortgage Asset Corporation (NYSE:ANH) has risen 8.25% since April 19, 2016 and is uptrending. It has outperformed by 4.38% the S&P500.
Anworth Mortgage Asset Corporation (NYSE:ANH) Ratings Coverage
Out of 2 analysts covering Anworth Mortgage (NYSE:ANH), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Anworth Mortgage has been the topic of 4 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “” rating by Keefe Bruyette & Woods given on Wednesday, November 4.
According to Zacks Investment Research, “Anworth Mortgage Asset Corp. was formed to invest in mortgage assets, including mortgage pass-through certificates, collateralized mortgage obligations, mortgage loans and other securities representing interests in, or obligations backed by, pools of mortgage loans which can be readily financed and short-term investments. The Company intends to acquire mortgage assets primarily in the secondary mortgage market through its manager, Anworth Mortgage Advisory Corporation.”
Insitutional Activity: The institutional sentiment increased to 0.95 in 2016 Q2. Its up 0.35, from 0.6 in 2016Q1. The ratio increased, as 9 funds sold all Anworth Mortgage Asset Corporation shares owned while 54 reduced positions. 12 funds bought stakes while 26 increased positions. They now own 52.15 million shares or 2.68% less from 53.59 million shares in 2016Q1.
The Massachusetts-based Fmr Limited Liability has invested 0% in Anworth Mortgage Asset Corporation (NYSE:ANH). Raymond James Fincl Svcs Advsr accumulated 0% or 18,300 shares. Moreover, Art Advsrs Ltd Liability Company has 0.04% invested in Anworth Mortgage Asset Corporation (NYSE:ANH) for 170,210 shares. Blackrock Group Ltd has 0% invested in the company for 120,925 shares. Mangrove holds 1.18% of its portfolio in Anworth Mortgage Asset Corporation (NYSE:ANH) for 1.01 million shares. The New York-based D E Shaw has invested 0% in Anworth Mortgage Asset Corporation (NYSE:ANH). Kcg holds 53,353 shares or 0.01% of its portfolio. Credit Suisse Ag last reported 328,633 shares in the company. Hillsdale owns 510 shares or 0% of their US portfolio. California State Teachers Retirement Systems holds 0% of its portfolio in Anworth Mortgage Asset Corporation (NYSE:ANH) for 200,778 shares. Citadel Advsrs Ltd Limited Liability Company last reported 175,246 shares in the company. Boston has 0.01% invested in the company for 1.99M shares. Wells Fargo Com Mn has 77,500 shares for 0% of their US portfolio. Vanguard Grp Inc accumulated 7.41 million shares or 0% of the stock. Fincl Gru has 1.42M shares for 0.51% of their US portfolio.
More recent Anworth Mortgage Asset Corporation (NYSE:ANH) news were published by: Marketwatch.com which released: “Anworth Mortgage Asset Corp.” on December 22, 2009. Also Seekingalpha.com published the news titled: “The Arbitrage Play Of The Day: Part II” on November 19, 2016. Seekingalpha.com‘s news article titled: “Anworth Should Have A Great Earnings Release” with publication date: October 26, 2016 was also an interesting one.
ANH Company Profile
Anworth Mortgage Asset Corporation, incorporated on October 16, 1997, 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. The Company’s strategy is to invest in residential mortgage-backed securities (MBS) (both Agency MBS and Non-Agency MBS) and residential mortgage loans. The Company’s principal business objective is to generate net income for distribution to its stockholders primarily based upon the spread between the interest income on its mortgage assets and its borrowing costs to finance its acquisition of those assets. The Firm finances residential mortgage loans through asset-backed securities, which are issued by the consolidated securitization trusts. The Firm also has a small portfolio of residential real estate properties, which the Company leases to tenants. The Firm is engaged in investing in, financing and managing a portfolio of residential mortgage-backed securities and residential mortgage loans.
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