Anworth Mortgage Asset Corporation

Dividend Yield: 10.00%

Anworth Mortgage Asset Corporation (NYSE: ANH) shares currently have a dividend yield of 10.00%.

Anworth Mortgage Asset Corporation operates as a real estate investment trust in the United States. The company primarily invests in the United States agency mortgage-backed securities, which are securities representing obligations guaranteed by the U.S. The company has a P/E ratio of 9.73.

The average volume for Anworth Mortgage Asset Corporation has been 1,201,700 shares per day over the past 30 days. Anworth Mortgage Asset Corporation has a market cap of $873.5 million and is part of the real estate industry. Shares are up 2.6% year to date as of the close of trading on Tuesday.

TheStreet Ratings rates Anworth Mortgage Asset Corporation as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, disappointing return on equity and a generally disappointing performance in the stock itself.

Highlights from the ratings report include:
  • The gross profit margin for ANWORTH MTG ASSET CORP is currently very high, coming in at 91.00%. Regardless of ANH's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, ANH's net profit margin of 54.18% significantly outperformed against the industry.
  • The revenue fell significantly faster than the industry average of 12.0%. Since the same quarter one year prior, revenues fell by 19.1%. The declining revenue appears to have seeped down to the company's bottom line, decreasing earnings per share.
  • ANWORTH MTG ASSET CORP's earnings per share declined by 25.0% in the most recent quarter compared to the same quarter a year ago. Earnings per share have declined over the last two years. We anticipate that this should continue in the coming year. During the past fiscal year, ANWORTH MTG ASSET CORP reported lower earnings of $0.68 versus $0.90 in the prior year. For the next year, the market is expecting a contraction of 22.1% in earnings ($0.53 versus $0.68).
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. When compared to other companies in the Real Estate Investment Trusts (REITs) industry and the overall market, ANWORTH MTG ASSET CORP's return on equity is below that of both the industry average and the S&P 500.

New From TheStreet: Jim Cramer's Protégé, Dave Peltier, only buys dividend stocks that have the potential for a 3% to 4% yield and 10% growth. Get his best picks for less than $50/year.

If you liked this article you might like

3 Stocks Advancing The Utilities Sector

3 Stocks Advancing The Utilities Sector

3 Utilities Stocks Pushing The Sector Higher

3 Stocks Moving The Utilities Sector Upward

3 Stocks Raising The Utilities Sector Higher