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Javelin Mortgage Investment Corp (NYSE:JMI) was downgraded by investment analysts at JMP Securities from an “outperform” rating to a “market perform” rating in a note issued to investors on Thursday, reports. The analysts noted that the move was a valuation call.

Javelin Mortgage Investment Corp (NYSE:JMI) opened at 13.39 on Thursday. Javelin Mortgage Investment Corp has a 52-week low of $10.72 and a 52-week high of $14.99. The stock’s 50-day moving average is $13.62 and its 200-day moving average is $13.82. The company’s market cap is $160.6 million.

Javelin Mortgage Investment Corp (NYSE:JMI) last posted its quarterly earnings results on Friday, May 9th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.09.

A number of other analysts have also recently weighed in on JMI. Analysts at Citigroup Inc. downgraded shares of Javelin Mortgage Investment Corp from a “neutral” rating to a “sell” rating in a research note on Monday, July 7th. They now have a $11.00 price target on the stock, down previously from $13.00. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Javelin Mortgage Investment Corp in a research note on Tuesday, May 27th. They now have a $12.25 price target on the stock, up previously from $11.50. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $10.78.

JAVELIN Mortgage Investment Corp. is formed to invest in and manage a leveraged portfolio of agency mortgage-backed securities, non-agency mortgage-backed securities and other mortgage-related investments.

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