SANTA MONICA, Calif. (AP) _ Anworth Mortgage Asset Corp. (ANH) on Monday reported a third-quarter loss of $17.5 million, after reporting a profit in the same period a year earlier.
The Santa Monica, California-based company said it had a loss of 20 cents per share. Earnings, adjusted for non-recurring costs, came to 8 cents per share.
The real estate investment trust that buys mortgage debt posted revenue of $13.7 million in the period. Its adjusted revenue was -$14.2 million.
In the final minutes of trading on Monday, the company's shares hit $3.39. A year ago, they were trading at $4.37.