Anworth Mortgage Asset Corporation (NYSE:ANH) : The consensus on Anworth Mortgage Asset Corporation (NYSE:ANH) based on 1 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Company shares have received an average consensus rating of Hold for the current week
Anworth Mortgage Asset Corporation (NYSE:ANH): stock turned positive on Tuesday. Though the stock opened at $4.48, the bulls momentum made the stock top out at $4.65 level for the day. The stock recorded a low of $4.47 and closed the trading day at $4.64, in the green by 3.57%. The total traded volume for the day was 1,012,846. The stock had closed at $4.48 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Anworth Mortgage Asset Corp, Ault Lee A Iii had purchased shares worth of $191,060 in a transaction dated on November 5, 2015. A total of 41,000 shares were purchased at a price of $4.66 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Anworth Mortgage Asset Corporation is a real estate investment trust. The Company invests in, finances and manages a portfolio of residential mortgage-backed securities, which are agency mortgage-backed securities. It also owns non-agency mortgage-backed securities issued by companies that are not guaranteed by federally sponsored enterprises and that are secured primarily by first-lien residential mortgage loans. Its investment objective is to provide total returns to its stockholders over the long-term primarily through dividends and secondarily through capital appreciation. Its focus is to invest primarily in mortgage-backed securities (MBS). It also has a small portfolio of residential real estate properties, which the Company leases to tenants. It owns around 79 single-family residential properties. Its subsidiaries include Qualified REIT Subsidiary (QRS), Anworth Properties, Inc., and Anworth Property Services, Inc. It is managed and advised by Anworth Management, LLC.