American Capital Mortgage Investment Corp. (MTGE) Cut to “Hold” at Zacks Investment Research

American Capital Mortgage Investment Corp. (NASDAQ:MTGE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

According to Zacks, “MTGE Investment Corp. is a hybrid mortgage real estate investment trust. It invests in agency mortgage-backed securities, non-agency mortgage investment and other real estate-related assets, including skilled nursing and senior living facilities operated by third parties. MTGE Investment Corp., formerly known as American Capital Mortgage Investment Corp., is based in Bethesda, Maryland. “

Several other brokerages have also recently commented on MTGE. Citigroup Inc. boosted their target price on American Capital Mortgage Investment Corp. from $13.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, August 17th. Credit Suisse Group AG reissued a “hold” rating and set a $17.50 target price on shares of American Capital Mortgage Investment Corp. in a report on Sunday, September 11th. Deutsche Bank AG set a $17.50 target price on American Capital Mortgage Investment Corp. and gave the stock a “hold” rating in a report on Wednesday, August 3rd. Keefe, Bruyette & Woods set a $17.50 target price on American Capital Mortgage Investment Corp. and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Finally, Wunderlich boosted their target price on American Capital Mortgage Investment Corp. from $15.00 to $17.00 and gave the stock a “hold” rating in a report on Tuesday, August 2nd. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. American Capital Mortgage Investment Corp. has an average rating of “Hold” and a consensus target price of $17.42.

Analyst Recommendations for American Capital Mortgage Investment Corp. (NASDAQ:MTGE)

Shares of American Capital Mortgage Investment Corp. (NASDAQ:MTGE) opened at 16.35 on Wednesday. The stock’s 50 day moving average price is $16.89 and its 200 day moving average price is $16.45. The firm has a market cap of $748.78 million, a PE ratio of 9.85 and a beta of 0.47. American Capital Mortgage Investment Corp. has a 12-month low of $12.01 and a 12-month high of $17.77.

American Capital Mortgage Investment Corp. (NASDAQ:MTGE) last issued its quarterly earnings data on Wednesday, November 2nd. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.05. American Capital Mortgage Investment Corp. had a return on equity of 9.42% and a net margin of 71.82%. During the same quarter in the prior year, the firm earned $0.46 earnings per share. On average, equities research analysts predict that American Capital Mortgage Investment Corp. will post $2.68 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 27th. Shareholders of record on Friday, September 30th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 9.79%. The ex-dividend date of this dividend was Wednesday, September 28th. American Capital Mortgage Investment Corp.’s dividend payout ratio (DPR) is currently 93.02%.

A number of hedge funds have recently made changes to their positions in MTGE. Creative Planning increased its stake in shares of American Capital Mortgage Investment Corp. by 2.7% in the second quarter. Creative Planning now owns 6,648 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 172 shares during the period. Advent Capital Management DE purchased a new stake in shares of American Capital Mortgage Investment Corp. during the second quarter valued at about $158,000. GSA Capital Partners LLP purchased a new stake in shares of American Capital Mortgage Investment Corp. during the second quarter valued at about $173,000. Sei Investments Co. increased its stake in shares of American Capital Mortgage Investment Corp. by 18,817.7% in the second quarter. Sei Investments Co. now owns 11,729 shares of the real estate investment trust’s stock valued at $186,000 after buying an additional 11,667 shares during the period. Finally, Societe Generale purchased a new stake in shares of American Capital Mortgage Investment Corp. during the second quarter valued at about $192,000. 68.25% of the stock is currently owned by institutional investors.

American Capital Mortgage Investment Corp. Company Profile

American Capital Mortgage Investment Corp. is a real estate investment trust. The Company invests in, finances and manages a portfolio of real estate-related investments, which the Company defines to include agency residential mortgage-backed securities, non-agency mortgage investments, other mortgage-related investments and other real estate investments.

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