American Capital Mortgage Investment Corp. (MTGE) Receives $18.33 Consensus PT from Brokerages

American Capital Mortgage Investment Corp. (NASDAQ:MTGE) has earned a consensus recommendation of “Buy” from the seven analysts that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $19.38.

A number of brokerages have commented on MTGE. Keefe, Bruyette & Woods reissued a “buy” rating and set a $20.00 price objective on shares of American Capital Mortgage Investment Corp. in a report on Friday. BidaskClub lowered American Capital Mortgage Investment Corp. from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Maxim Group reaffirmed a “buy” rating and issued a $20.00 target price on shares of American Capital Mortgage Investment Corp. in a report on Monday, May 15th. Citigroup Inc. reaffirmed a “neutral” rating on shares of American Capital Mortgage Investment Corp. in a report on Thursday, May 11th. Finally, Zacks Investment Research raised American Capital Mortgage Investment Corp. from a “hold” rating to a “strong-buy” rating and set a $20.00 target price for the company in a report on Saturday, May 6th.

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Shares of American Capital Mortgage Investment Corp. (NASDAQ MTGE) traded up 0.26% during midday trading on Monday, hitting $19.35. 332,210 shares of the company were exchanged. American Capital Mortgage Investment Corp. has a one year low of $15.40 and a one year high of $19.65. The firm has a market cap of $886.29 million, a P/E ratio of 8.71 and a beta of 0.48. The company’s 50 day moving average price is $18.93 and its 200 day moving average price is $17.53.

American Capital Mortgage Investment Corp. (NASDAQ:MTGE) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06. The firm had revenue of $23.39 million during the quarter, compared to analyst estimates of $27.29 million. American Capital Mortgage Investment Corp. had a return on equity of 10.43% and a net margin of 104.38%. The company’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 EPS. Equities analysts expect that American Capital Mortgage Investment Corp. will post $2.10 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 27th. Shareholders of record on Friday, June 30th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 9.30%. The ex-dividend date of this dividend was Wednesday, June 28th. American Capital Mortgage Investment Corp.’s dividend payout ratio (DPR) is 81.08%.

Large investors have recently bought and sold shares of the company. Hilton Capital Management LLC bought a new stake in American Capital Mortgage Investment Corp. during the second quarter valued at about $202,000. Creative Planning increased its stake in American Capital Mortgage Investment Corp. by 76.8% in the first quarter. Creative Planning now owns 11,753 shares of the real estate investment trust’s stock valued at $197,000 after buying an additional 5,105 shares in the last quarter. Nisa Investment Advisors LLC bought a new stake in American Capital Mortgage Investment Corp. during the first quarter valued at about $204,000. ClariVest Asset Management LLC increased its stake in 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 valued at $284,000 after buying an additional 864 shares in the last quarter. Finally, USA Financial Portformulas Corp bought a new stake in American Capital Mortgage Investment Corp. during the fourth quarter valued at about $293,000. Hedge funds and other institutional investors own 74.13% of the company’s stock.

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.

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

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