California Public Employees Retirement System increased its holdings in shares of MTGE Investment Corp. (NASDAQ:MTGE) by 3.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 215,661 shares of the real estate investment trust’s stock after acquiring an additional 7,961 shares during the period. California Public Employees Retirement System owned about 0.47% of MTGE Investment worth $4,184,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of MTGE. State Street Corp raised its stake in shares of MTGE Investment by 9.5% in the second quarter. State Street Corp now owns 1,232,032 shares of the real estate investment trust’s stock worth $23,165,000 after acquiring an additional 106,651 shares during the last quarter. Global X MANAGEMENT CO LLC raised its stake in shares of MTGE Investment by 5.1% during the third quarter. Global X MANAGEMENT CO LLC now owns 1,219,696 shares of the real estate investment trust’s stock worth $23,662,000 after buying an additional 59,678 shares during the last quarter. Boston Partners raised its stake in shares of MTGE Investment by 11.5% during the third quarter. Boston Partners now owns 685,604 shares of the real estate investment trust’s stock worth $13,301,000 after buying an additional 70,973 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of MTGE Investment by 26.7% during the third quarter. Prudential Financial Inc. now owns 529,737 shares of the real estate investment trust’s stock worth $10,277,000 after buying an additional 111,495 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of MTGE Investment by 45.4% during the third quarter. Wells Fargo & Company MN now owns 392,588 shares of the real estate investment trust’s stock worth $7,617,000 after buying an additional 122,573 shares during the last quarter. Institutional investors and hedge funds own 74.49% of the company’s stock.
Shares of MTGE Investment Corp. (MTGE) opened at $18.20 on Thursday. The stock has a market cap of $826.65, a price-to-earnings ratio of 10.11 and a beta of 0.45. MTGE Investment Corp. has a 1 year low of $15.50 and a 1 year high of $20.00. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 4.05.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 9th. Investors of record on Friday, December 29th were paid a $0.50 dividend. The ex-dividend date was Thursday, December 28th. This is an increase from MTGE Investment’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 10.99%. MTGE Investment’s dividend payout ratio is 111.11%.
Several research analysts have recently weighed in on the stock. Maxim Group upped their price target on shares of MTGE Investment from $20.50 to $21.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. BidaskClub upgraded shares of MTGE Investment from a “sell” rating to a “hold” rating in a report on Friday, December 29th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $20.50.
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MTGE Investment 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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