ANH
Anworth Mortgage Asset CorporationNYSE
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  • Thu, Nov. 3, 11:38 AM
    • With more than half the sector having reported their Q3s, the general themes are rising earnings (covering payouts) and gains in book value leading to sizable returns. Among those who reported last night or this morning - Armour Residential (ARR +1.9%), American Capital Mortgage (MTGE +2.1%), MFA Financial (MFA +1.9%), Western Asset (WMC +1.8%), Anworth (ANH +2%).
    • The iShares FTSE Nareit mREIT ETF (REM +1%)
    • Other ETFs: MORL, MORT
    | Thu, Nov. 3, 11:38 AM | 30 Comments
  • Thu, Nov. 3, 8:28 AM
    • Q3 core earnings of $12.M or $0.13 per share vs. $14.5M and $0.15 in Q2. Dividend is $0.15.
    • Book value per share of $6.25 up from $6.06 at the end of Q2. Last night's close of $4.76 is a 24% discount to book.
    • Economic return on book value for the quarter of 5.6%, or 22.4% annualized.
    • 340K shares bought back during quarter at weighted average price of $4.84.
    • Conference call at 1 ET
    • Previously: Anworth Mortgage Asset beats by $0.01, beats on revenue (Nov. 2)
    • ANH flat premarket
    | Thu, Nov. 3, 8:28 AM
  • Wed, Nov. 2, 5:29 PM
    • Anworth Mortgage Asset (NYSE:ANH): Q3 EPS of $0.13 beats by $0.01.
    • Revenue of $19.16M (-23.2% Y/Y) beats by $1.06M.
    • Press Release
    | Wed, Nov. 2, 5:29 PM
  • Thu, Sep. 15, 4:20 PM
    • Anworth Mortgage Asset (NYSE:ANH) declares $0.15/share quarterly dividend, in line with previous.
    • Forward yield 11.9%
    • Payable Oct. 28; for shareholders of record Sept. 30; ex-div Sept. 28.
    | Thu, Sep. 15, 4:20 PM
  • Wed, Aug. 3, 4:24 PM
    • Q2 core earnings of $14.415M or $0.15 per share vs. $13.5M and $0.14 in Q1. Dividend is $0.15.
    • Book value per share of $6.06 up from $6.00 three months earlier. Today's close of $4.91 is a 19% discount to book, among the largest in the mREIT sector.
    • Economic return of $0.21 per share for the quarter, or 14% annualized.
    • 873K shares repurchased during quarter for $4.67 each.
    • Portfolio size is $6.3B, of which 13.5% is residential mortgage loans and 0.2% residential real estate. The rest is agency and non-agency MBS.
    • Conference call tomorrow at 12 ET
    • Previously: Anworth Mortgage Asset beats by $0.02, misses on net operating income (Aug. 3)
    • ANH flat after hours
    | Wed, Aug. 3, 4:24 PM
  • Wed, Aug. 3, 4:11 PM
    • Anworth Mortgage Asset (NYSE:ANH): Q2 EPS of $0.15 beats by $0.02.
    • Net operating income of $11.65M (-56.3% Y/Y) misses by $8.25M.
    • Press Release
    | Wed, Aug. 3, 4:11 PM
  • Tue, Jul. 19, 4:21 PM
    | Tue, Jul. 19, 4:21 PM | 1 Comment
  • Thu, Jun. 16, 5:25 PM
    • Anworth Mortgage Asset (NYSE:ANH) declares $0.15/share quarterly dividend, in line with previous.
    • Forward yield 12.85%
    • Payable July 29; for shareholders of record June 30; ex-div June 28.
    | Thu, Jun. 16, 5:25 PM
  • Wed, May 18, 2:25 PM
    • Having repriced over the past few months for a rates lower-for-longer environment, mREITs (REM -1.6%) may have to reprice again as the FOMC minutes more or less signal the central bank's intention to hike rates in June.
    • Yield-starved names like banks, insurers, and online brokers are soaring, but income producers like Annaly Capital (NLY -2.7%), American Capital Mortgage (AGNC -2.5%), Armour (ARR -3.1%), CYS Investments (CYS -3.4%), Capstead (CMO -2%), Western Asset (WMC -2.3%), Anworth (ANH -2.3%), and Ellington Residential (EARN -2.4%) are going the opposite way.
    • ETFs: MORL, REM, MORT
    | Wed, May 18, 2:25 PM | 107 Comments
  • Thu, May 5, 4:38 PM
    • Anworth Mortgage Asset (NYSE:ANH): Q1 EPS of $0.14 beats by $0.01.
    • Revenue of $21.44M (-22.3% Y/Y) misses by $0.16M.
    | Thu, May 5, 4:38 PM
  • Thu, May 5, 4:22 PM
    • Q1 core earnings of $13.5M or $0.14 per share vs. $14.8M and $0.15 in Q4. Dividend s $0.15.
    • Book value per share of $6 down $0.25 from three months earlier. Today's close of $4.72 is a 21% discount to book.
    • Economic return was negative $0.10 for the quarter, or negative 6.4% annualized.
    • Portfolio size of $6.73B down from $7.3B three months earlier. Leverage down to 6.2x from 6.65x. Non-agency MBS makes up 9.9% of the portfolio vs. 9.4%.
    • Residential property portfolio remains at 88 single-family rentals in Southwest Florida.
    • Effective net interest spread of 1.1% down 11 basis points.
    • 2.17M shares bought back during quarter at average price of $4.34 each - economic benefit of about $0.04 per share. Another 431K shares have been repurchased during Q2.
    • Conference call at 1 ET
    • ANH flat after hours
    | Thu, May 5, 4:22 PM
  • Mon, Apr. 11, 12:49 PM
    • Annaly Capital (NLY -1.1%) is lower following its agreement to purchase Hatteras Financial (HTS +10.2%) for $1.5B in cash and stock. The other sector giant, American Capital Agency (AGNC -0.1%) is in the red as well - makes sense considering these two players are acquirers (or at least potentially so), not targets.
    • With the deal, Annaly is adding a portfolio of variable rate mortgages to its books for about 85% of book value.
    • The rest of the sector has market caps of about $2.5B down to sub-$250M, making them digestible as well.
    • CYS Investments (CYS +1.3%), American Capital Mortgage (MTGE +1.9%), New York Mortgage (NYMT +2.5%), Anworth Mortgage (ANH +1.2%), Dynex Capital (DX +0.9%), AG Mortgage (MITT +1.2%), Ellington Residential (EARN +1.2%), PennyMac (PMT +1%), Five Oaks (OAKS +1.6%).
    • ETFs: MORL, REM, MORT
    • Now read: Annaly: Boom Goes The Dynamite (April 11)
    | Mon, Apr. 11, 12:49 PM | 10 Comments
  • Tue, Mar. 29, 2:56 PM
    • A fast series of rate hikes wouldn't be good news for mortgage REITs, whose carry-trade business model breaks down with a flat or, worse, inverted yield curve.
    • Any worries about hawkish Fed action were considerably diminished today after Janet Yellen said caution on rate hikes is "especially warranted," and suggested there's more slack in the labor market than what the trim 4.9% headline UE rate would suggest.
    • Mostly lower earlier, the mREIT sector (REM +1.2%) has turned sharply higher.
    • Annaly Capital (NLY +0.35), American Capital (AGNC +0.4%), Armour (ARR +1.2%), CYS Investments (CYS +2.3%), New York Mortgage (NYMT +3.2%), MFA Financial (MFA +1.4%), Western Asset (WMC +2.7%), Anworth (ANH +1.5%), Dynex (DX +2.1%), AG Mortgage (MITT +1.9%), Ellington Financial (EFC +1.2%).
    | Tue, Mar. 29, 2:56 PM | 15 Comments
  • Thu, Mar. 17, 5:05 PM
    • Anworth Mortgage Asset (NYSE:ANH) declares $0.15/share quarterly dividend, in line with previous.
    • Forward yield 12.5%
    • Payable April 29; for shareholders of record March 31; ex-div March 29.
    | Thu, Mar. 17, 5:05 PM
  • Fri, Feb. 26, 10:07 AM
    • The mREITs (REM +1.3%) are higher across the board after Apollo Residential Mortgage (AMTG +31.3%) agrees to a sale at a hefty premium to last night's close, but still at a discount to book value.
    • The entire sector is trading at sizable discounts to book value, with some names at massive discounts. For its part, Apollo Residential yesterday could be purchased for about 60% of its end-of-year book value. And the assets on the books of these companies tend to be highly liquid and easily valued.
    • Running an mREIT may not be a terribly efficient exercise at the small market caps most of the sector sports. The companies depend on being able to issue stock with which to fund growth, but can't do so (without being wildly dilutive) when the shares are trading at such wide discounts.
    • Sector giants Annaly Capital (NLY +0.6%) and American Capital Agency (AGNC +1.2%) have market caps above $6B, and Two Harbors (TWO +0.8%), Chimera (CIM +1.1%), CYS Investments (CYS +1%), Invesco (IVR +3.5%), Hatteras (HTS +1.2%), MFA Financial (MFA +1%), and Capstead (CMO +1%) are all near or well over $1B.
    • Players in Apollo's league (sub-$500M market cap) include New York Mortgage (NYMT +1%), Western Asset (WMC +0.6%), Anworth (ANH +1.3%), Dynex (DX +1.4%), Arlington Asset (AI +4.6%), AG Mortgage (MITT +8.7%), The Ellingtons (EFC +1.9%), (EARN +1.1%), Javelin (JMI +2.8%), Orchid Island (ORC +1.5%), Five Oaks (OAKS +0.7%), ZAIS Financial (ZFC +1.3%)
    | Fri, Feb. 26, 10:07 AM | 32 Comments
  • Fri, Feb. 12, 4:17 PM
    • Anworth Mortgage Asset (NYSE:ANH): Q4 EPS of $0.15 beats by $0.02.
    • Revenue of $24.24M (-11.1% Y/Y) beats by $0.86M.
    | Fri, Feb. 12, 4:17 PM | 1 Comment