Cantor Fitzgerald Cuts Price Target on Anworth Mortgage Asset (ANH) Due to Increased Risks

Cantor Fitzgerald is maintaining its Buy rating on shares of Anworth Mortgage Asset (NYSE: ANH), but is lowering its price target from $7.50 to $7.25 due to increased risks.

The firm notes that the increased risks include, a refinancing wave induced by a new U.S. Government program, drying up of repo lines, a refinancing wave driven by low mortgage rates, and loss of the SEC exemption from the Investment Company Act of 1940.

Due to the company's current dividend yield and the price appreciation of shares, Cantor Fitzgerald believes that now is a good time to buy.

For more ratings news on Anworth Mortgage Asset click here and for the rating history of Anworth Mortgage Asset click here.

Shares of Anworth Mortgage Asset closed at $6.49 yesterday.

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