Keefe, Bruyette & Woods Reaffirms Buy Rating for American Capital Mortgage Investment Corp. (MTGE)

Keefe, Bruyette & Woods reaffirmed their buy rating on shares of American Capital Mortgage Investment Corp. (NASDAQ:MTGE) in a report published on Thursday morning. The firm currently has a $20.00 price objective on the real estate investment trust’s stock.

Separately, BidaskClub cut shares of American Capital Mortgage Investment Corp. from a buy rating to a hold rating in a research note on Monday, July 31st. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. American Capital Mortgage Investment Corp. currently has a consensus rating of Buy and a consensus price target of $20.00.

American Capital Mortgage Investment Corp. (MTGE) opened at 19.15 on Thursday. The firm has a 50 day moving average of $19.10 and a 200-day moving average of $18.15. The company has a market capitalization of $877.01 million, a price-to-earnings ratio of 8.62 and a beta of 0.48. American Capital Mortgage Investment Corp. has a 52-week low of $15.40 and a 52-week high of $19.65.

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 business had revenue of $23.39 million for the quarter, compared to analysts’ expectations of $27.29 million. American Capital Mortgage Investment Corp. had a net margin of 104.38% and a return on equity of 10.40%. The business’s revenue was down .8% on a year-over-year basis. During the same quarter last year, the company earned $0.85 EPS. Equities analysts expect that American Capital Mortgage Investment Corp. will post $2.11 EPS for the current year.

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The business also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, September 29th will be paid a $0.45 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.80 dividend on an annualized basis and a yield of 9.40%. American Capital Mortgage Investment Corp.’s dividend payout ratio is currently 81.08%.

Institutional investors have recently added to or reduced their stakes in the stock. Hilton Capital Management LLC acquired a new stake in American Capital Mortgage Investment Corp. in the 2nd quarter valued at $202,000. Nisa Investment Advisors LLC acquired a new stake in American Capital Mortgage Investment Corp. in the 1st quarter valued at $204,000. ClariVest Asset Management LLC grew its stake in American Capital Mortgage Investment Corp. by 5.4% in the 1st quarter. ClariVest Asset Management LLC now owns 16,953 shares of the real estate investment trust’s stock valued at $284,000 after acquiring an additional 864 shares during the period. Virginia Retirement Systems ET AL acquired a new stake in American Capital Mortgage Investment Corp. in the 1st quarter valued at $459,000. Finally, American International Group Inc. grew its stake in American Capital Mortgage Investment Corp. by 7.2% in the 1st quarter. American International Group Inc. now owns 28,366 shares of the real estate investment trust’s stock valued at $475,000 after acquiring an additional 1,907 shares during the period. 73.92% of the stock is currently owned by hedge funds and other institutional investors.

About American Capital Mortgage Investment Corp.

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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