Anworth Mortgage Asset Corporation (ANH) has an average broker rating of 3, which is interpreted as a Hold, as rated by 1 equity analysts. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Anworth Mortgage Asset Corporation (NYSE:ANH): After opening at $5.03, the stock dipped to an intraday low of $4.9757 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $5.06 and the buying power remained strong till the end. The stock closed at $5.04 for the day, a gain of 0.80% for the day session. The total traded volume was 685,893. The stocks close on the previous trading day was $5.
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.