American Capital Mortgage Investment Corp. (MTGE) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of American Capital Mortgage Investment Corp. (NASDAQ:MTGE) have been given an average rating of “Buy” by the nine brokerages that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $18.33.

A number of equities research analysts have issued reports on the company. Maxim Group restated a “buy” rating and set a $20.00 price target on shares of American Capital Mortgage Investment Corp. in a research note on Monday, May 15th. Zacks Investment Research upgraded American Capital Mortgage Investment Corp. from a “hold” rating to a “strong-buy” rating and set a $20.00 price target for the company in a research note on Saturday, May 6th. Wells Fargo & Company upgraded American Capital Mortgage Investment Corp. from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 4th. They noted that the move was a valuation call. Keefe, Bruyette & Woods restated a “buy” rating and set a $18.00 price target on shares of American Capital Mortgage Investment Corp. in a research note on Monday, April 10th. Finally, BidaskClub downgraded American Capital Mortgage Investment Corp. from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. ClariVest Asset Management LLC increased its position in shares of American Capital Mortgage Investment Corp. by 5.4% in the first quarter. ClariVest Asset Management LLC now owns 16,953 shares of the real estate investment trust’s stock worth $284,000 after buying an additional 864 shares during the period. American International Group Inc. increased its position in shares of American Capital Mortgage Investment Corp. by 7.2% in the first quarter. American International Group Inc. now owns 28,366 shares of the real estate investment trust’s stock worth $475,000 after buying an additional 1,907 shares during the period. Great Lakes Advisors LLC increased its position in shares of American Capital Mortgage Investment Corp. by 1.8% in the first quarter. Great Lakes Advisors LLC now owns 149,165 shares of the real estate investment trust’s stock worth $2,499,000 after buying an additional 2,679 shares during the period. Nationwide Fund Advisors increased its position in shares of American Capital Mortgage Investment Corp. by 4.7% in the first quarter. Nationwide Fund Advisors now owns 66,655 shares of the real estate investment trust’s stock worth $1,116,000 after buying an additional 3,003 shares during the period. Finally, Martingale Asset Management L P increased its position in shares of American Capital Mortgage Investment Corp. by 1.3% in the first quarter. Martingale Asset Management L P now owns 302,678 shares of the real estate investment trust’s stock worth $5,070,000 after buying an additional 3,896 shares during the period. Institutional investors own 74.26% of the company’s stock.

Shares of American Capital Mortgage Investment Corp. (NASDAQ:MTGE) traded down 0.79% during trading on Monday, reaching $18.75. 106,886 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $18.92 and a 200 day moving average price of $17.38. The firm has a market cap of $858.69 million, a price-to-earnings ratio of 8.67 and a beta of 0.48. American Capital Mortgage Investment Corp. has a 12 month low of $15.40 and a 12 month high of $19.65.

American Capital Mortgage Investment Corp. (NASDAQ:MTGE) last released its quarterly earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.03. The business had revenue of $23.59 million during the quarter, compared to the consensus estimate of $26.47 million. American Capital Mortgage Investment Corp. had a return on equity of 9.86% and a net margin of 99.51%. The business’s quarterly revenue was down 14.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.44 EPS. On average, analysts forecast that American Capital Mortgage Investment Corp. will post $1.91 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 27th. Investors of record on Friday, June 30th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.52%. American Capital Mortgage Investment Corp.’s dividend payout ratio (DPR) is presently 83.33%.

American Capital Mortgage Investment Corp. Company Profile

MTGE Investment Corp., formerly American Capital Mortgage Investment Corp., is a real estate investment trust. The Company invests in, finances and manages a leveraged portfolio of real estate-related investments, which include agency residential mortgage-backed securities (RMBS), non-agency securities, other mortgage-related investments and other real estate investments.