Anworth Mortgage Asset Corporation operates as a real estate investment trust (REIT) in the United States.
Fair value with limited growth.
Share Price & News
How has Anworth Mortgage Asset's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AOG's share price has been volatile over the past 3 months.
7 Day Return
DE Mortgage REITs
1 Year Return
DE Mortgage REITs
Return vs Industry: AOG underperformed the German Mortgage REITs industry which returned -41.9% over the past year.
Return vs Market: AOG underperformed the German Market which returned 0.2% over the past year.
Price Volatility Vs. Market
How volatile is Anworth Mortgage Asset's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Anworth Mortgage Asset undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AOG (€1.43) is trading below our estimate of fair value (€2.1)
Significantly Below Fair Value: AOG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AOG is unprofitable, so we can't compare its PE Ratio to the Mortgage REITs industry average.
PE vs Market: AOG is unprofitable, so we can't compare its PE Ratio to the German market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AOG's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AOG is good value based on its PB Ratio (0.6x) compared to the XX Mortgage REITs industry average (0.7x).
How is Anworth Mortgage Asset forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AOG is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: AOG is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: AOG is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: AOG's revenue (135.4% per year) is forecast to grow faster than the German market (5.9% per year).
High Growth Revenue: AOG's revenue (135.4% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if AOG's Return on Equity is forecast to be high in 3 years time
How has Anworth Mortgage Asset performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AOG is currently unprofitable.
Growing Profit Margin: AOG is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: AOG is unprofitable, and losses have increased over the past 5 years at a rate of -49.3% per year.
Accelerating Growth: Unable to compare AOG's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: AOG is unprofitable, making it difficult to compare its past year earnings growth to the Mortgage REITs industry (-44%).
Return on Equity
High ROE: AOG has a negative Return on Equity (-57.27%), as it is currently unprofitable.
How is Anworth Mortgage Asset's financial position?
Financial Position Analysis
Short Term Liabilities: AOG's short term assets ($1.1B) do not cover its short term liabilities ($2.7B).
Long Term Liabilities: AOG's short term assets ($1.1B) exceed its long term liabilities ($448.8M).
Debt to Equity History and Analysis
Debt Level: AOG's debt to equity ratio (812.8%) is considered high.
Reducing Debt: AOG's debt to equity ratio has reduced from 832.1% to 812.8% over the past 5 years.
Debt Coverage: AOG's debt is not well covered by operating cash flow (2.5%).
Interest Coverage: Insufficient data to determine if AOG's interest payments on its debt are well covered by EBIT.
What is Anworth Mortgage Asset current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AOG's dividend (12.27%) is higher than the bottom 25% of dividend payers in the German market (1.27%).
High Dividend: AOG's dividend (12.27%) is in the top 25% of dividend payers in the German market (3.83%)
Stability and Growth of Payments
Stable Dividend: AOG's dividend payments have been volatile in the past 10 years.
Growing Dividend: AOG's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: AOG is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Joe McAdams (51yo)
Mr. Joseph E. McAdams, also known as Joe, CFA, serves as Chairman of the Board at Anworth Mortgage Asset Corporation since November 15, 2018. He has been the President of Anworth Management, LLC, Manager o ...
|Chairman & CEO||1.83yrs||US$145.62k||0.26% $380.0k|
|CFO, Treasurer & Secretary of Anworth Management||4.5yrs||US$60.83k||0.041% $59.4k|
|VP & Director of Investor Relations||18.5yrs||no data||no data|
|Executive Vice President of Anworth Management LLC||no data||US$210.81k||no data|
|Senior VP & Portfolio Manager of Anworth Management||18.08yrs||US$1.11m||no data|
|Senior VP & Portfolio Manager of Anworth Management||no data||no data||no data|
|Director of Business Development -Belvedere Trust Mortgage Corporation||15.5yrs||no data||no data|
|Office Manager||no data||no data||no data|
Experienced Management: AOG's management team is seasoned and experienced (15.5 years average tenure).
|Chairman & CEO||1.83yrs||US$145.62k||0.26% $380.0k|
|Director of Anworth Management||23.5yrs||no data||1.39% $2.0m|
|Lead Independent Director of Anworth Management LLC||no data||US$83.08k||0.016% $22.6k|
|Independent Director of Anworth Management LLC||6.17yrs||US$80.32k||0.030% $43.5k|
|Independent Director of Anworth Management LLC||15.17yrs||US$82.58k||0.040% $58.0k|
|Independent Director of Anworth Management||1.67yrs||US$73.62k||0.045% $65.2k|
Experienced Board: AOG's board of directors are considered experienced (6.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Anworth Mortgage Asset Corporation's company bio, employee growth, exchange listings and data sources
- Name: Anworth Mortgage Asset Corporation
- Ticker: AOG
- Exchange: DB
- Founded: 1997
- Industry: Mortgage REITs
- Sector: Diversified Financials
- Market Cap: US$161.274m
- Listing Market Cap: US$143.454m
- Shares outstanding: 98.94m
- Website: https://www.anworth.com
- Anworth Mortgage Asset Corporation
- 1299 Ocean Avenue
- 2nd Floor
- Santa Monica
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ANH||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Mar 1998|
|AOG||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Mar 1998|
|ANH.PRA||NYSE (New York Stock Exchange)||PFD A 8.625%||US||USD||Nov 2004|
|ANH.PRB||NYSE (New York Stock Exchange)||6.25 CNV PFD B||US||USD||Jan 2007|
|ANH.PRC||NYSE (New York Stock Exchange)||PFD SER C 7.625%||US||USD||Jan 2015|
Anworth Mortgage Asset Corporation operates as a real estate investment trust (REIT) in the United States. It primarily invests in, finances, and manages a leveraged portfolio of residential mortgage-backed securities and loans that are guaranteed by government-sponsored enterprises, such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation. The company also invests in non-agency mortgage backed securities that are secured by first-lien residential mortgage loans; and other mortgage-related investments consisting of mortgage derivative securities, subordinated interests, and residential real estate properties. Anworth Mortgage Asset Corporation qualifies as a REIT for federal income tax purposes. The company generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Anworth Mortgage Asset Corporation was founded in 1997 and is based in Santa Monica, California.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/03 22:00|
|End of Day Share Price||2020/07/03 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.