What Next for Anworth Mortgage Asset Corporation (ANH) Stock After Reaching 52-Week High?

June 19, 2017 - By Dolores Ford

Investors sentiment increased to 1.17 in Q4 2016. Its up 0.22, from 0.95 in 2016Q3. It is positive, as 19 investors sold Anworth Mortgage Asset Corporation shares while 35 reduced holdings. 24 funds opened positions while 39 raised stakes. 52.52 million shares or 1.09% more from 51.95 million shares in 2016Q3 were reported.
American Grp has 0.7% invested in Anworth Mortgage Asset Corporation (NYSE:ANH). Georgia-based Voya Invest Limited Liability has invested 0% in Anworth Mortgage Asset Corporation (NYSE:ANH). Highlander Capital Ltd Liability holds 12,850 shares or 0.06% of its portfolio. State Street Corporation has 0% invested in Anworth Mortgage Asset Corporation (NYSE:ANH) for 2.41 million shares. Geode Mgmt Ltd Liability Co reported 1.17 million shares stake. Blackrock Grp Incorporated Ltd invested in 124,234 shares. Hillsdale Investment Mgmt Inc holds 870 shares. 213 are owned by Mufg Americas. Fifth Third Commercial Bank owns 1,598 shares for 0% of their portfolio. Tower Rech Capital (Trc) reported 0% stake. Royal State Bank Of Canada invested 0% of its portfolio in Anworth Mortgage Asset Corporation (NYSE:ANH). Clarivest Asset Lc invested in 255,513 shares or 0.04% of the stock. State Board Of Administration Of Florida Retirement System has invested 0% of its portfolio in Anworth Mortgage Asset Corporation (NYSE:ANH). Van Eck reported 343,125 shares. Credit Suisse Ag invested in 264,389 shares or 0% of the stock.

The stock of Anworth Mortgage Asset Corporation (NYSE:ANH) hit a new 52-week high and has $6.50 target or 3.00 % above today’s $6.31 share price. The 8 months bullish chart indicates low risk for the $610.24 million company. The 1-year high was reported on Jun, 19 by Barchart.com. If the $6.50 price target is reached, the company will be worth $18.31M 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 101,182 shares traded. Anworth Mortgage Asset Corporation (NYSE:ANH) has risen 26.52% since June 19, 2016 and is uptrending. It has outperformed by 9.82% the S&P500.

Analysts expect Anworth Mortgage Asset Corporation (NYSE:ANH) to report $0.00 EPS on August, 2.

Anworth Mortgage Asset Corporation (NYSE:ANH) Ratings Coverage

Among 2 analysts covering Anworth Mortgage (NYSE:ANH), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Anworth Mortgage had 4 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Keefe Bruyette & Woods with “” on Wednesday, November 4.

More notable recent Anworth Mortgage Asset Corporation (NYSE:ANH) news were published by: Marketwatch.com which released: “6.29” on December 22, 2009, also Seekingalpha.com with their article: “A Strong Buy Rating For Anworth” published on November 03, 2016, Seekingalpha.com published: “Anworth Mortgage Asset Corp. Viewed Through The Eyes Of A Preferred Investor …” on January 05, 2017. More interesting news about Anworth Mortgage Asset Corporation (NYSE:ANH) were released by: Seekingalpha.com and their article: “Anworth Mortgage Asset’s (ANH) CEO Lloyd McAdams on Q4 2016 Results – Earnings …” published on February 17, 2017 as well as Seekingalpha.com‘s news article titled: “Sometimes A 7.75% Yield Dominates An 8.36% Yield” with publication date: April 24, 2017.

Anworth Mortgage Asset Corporation is a real estate investment trust . The company has market cap of $610.24 million. 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. It has a 12.79 P/E ratio. The Company’s 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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