American Capital Mortgage Investment Corp. (NASDAQ:MTGE) announced its quarterly earnings data on Wednesday. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.06, Morningstar.com reports. American Capital Mortgage Investment Corp. had a return on equity of 9.86% and a net margin of 99.51%. The company had revenue of $23.39 million for the quarter, compared to analyst estimates of $27.29 million. During the same quarter last year, the firm earned $0.85 EPS. American Capital Mortgage Investment Corp.’s revenue for the quarter was down .8% compared to the same quarter last year.
American Capital Mortgage Investment Corp. (NASDAQ MTGE) traded up 1.07% during trading on Thursday, hitting $18.95. The company had a trading volume of 113,173 shares. The stock has a 50-day moving average of $18.93 and a 200 day moving average of $17.50. The company has a market capitalization of $867.85 million, a price-to-earnings ratio of 8.76 and a beta of 0.48. American Capital Mortgage Investment Corp. has a one year low of $15.40 and a one year high of $19.65.
The business also recently announced a quarterly dividend, which was paid on Thursday, July 27th. Investors of record on Friday, June 30th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.80 annualized dividend and a dividend yield of 9.60%. American Capital Mortgage Investment Corp.’s dividend payout ratio (DPR) is presently 83.33%.
Several brokerages have recently weighed in on MTGE. BidaskClub lowered American Capital Mortgage Investment Corp. from a “buy” rating to a “hold” rating in a report on Monday. Maxim Group reissued a “buy” rating and set a $20.00 price objective on shares of American Capital Mortgage Investment Corp. in a report on Monday, May 15th. Citigroup Inc. reissued a “neutral” rating on shares of American Capital Mortgage Investment Corp. in a report on Thursday, May 11th. Zacks Investment Research raised American Capital Mortgage Investment Corp. from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective on the stock in a report on Saturday, May 6th. Finally, Wells Fargo & Company raised American Capital Mortgage Investment Corp. from a “market perform” rating to an “outperform” rating in a report on Thursday, May 4th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $18.17.
Large investors have recently modified their holdings of the company. Caxton Associates LP bought a new stake in shares of American Capital Mortgage Investment Corp. during the first quarter worth about $498,000. Clough Capital Partners L P increased its stake in shares of American Capital Mortgage Investment Corp. by 37.6% in the first quarter. Clough Capital Partners L P now owns 671,465 shares of the real estate investment trust’s stock worth $11,247,000 after buying an additional 183,561 shares in the last quarter. State Street Corp increased its stake in shares of American Capital Mortgage Investment Corp. by 14.6% in the first quarter. State Street Corp now owns 1,125,381 shares of the real estate investment trust’s stock worth $18,850,000 after buying an additional 143,528 shares in the last quarter. Bank of America Corp DE increased its stake in shares of American Capital Mortgage Investment Corp. by 52.5% in the first quarter. Bank of America Corp DE now owns 53,787 shares of the real estate investment trust’s stock worth $900,000 after buying an additional 18,524 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of American Capital Mortgage Investment Corp. by 5.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 211,661 shares of the real estate investment trust’s stock worth $3,546,000 after buying an additional 11,244 shares in the last quarter. 73.93% of the stock is currently owned by institutional investors and hedge funds.
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.
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