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American Capital Mortgage Investment Crp (NASDAQ:MTGE) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Friday. The firm currently has a $21.70 price objective on the stock. Zacks‘s target price indicates a potential upside of 7.21% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of American Capital Mortgage Investment Crp from $21.50 to $22.50 in a research note on Friday, August 1st. They now have an “outperform” rating on the stock. Separately, analysts at Wunderlich reiterated a “buy” rating on shares of American Capital Mortgage Investment Crp in a research note on Friday, August 1st. They now have a $22.50 price target on the stock, up previously from $21.50. Finally, analysts at JMP Securities downgraded shares of American Capital Mortgage Investment Crp from a “market outperform” rating to a “market perform” rating in a research note on Thursday, May 15th. They now have a $26.50 price target on the stock. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $23.12.

Shares of American Capital Mortgage Investment Crp (NASDAQ:MTGE) traded up 0.50% on Friday, hitting $20.24. 250,805 shares of the company’s stock traded hands. American Capital Mortgage Investment Crp has a one year low of $17.27 and a one year high of $21.30. The stock’s 50-day moving average is $19.90 and its 200-day moving average is $19.79. The company has a market cap of $1.035 billion and a P/E ratio of 8.15.

American Capital Mortgage Investment Crp (NASDAQ:MTGE) last announced its earnings results on Wednesday, July 30th. The company reported $1.64 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.62 by $1.02. The company had revenue of $39.80 million for the quarter, compared to the consensus estimate of $45.36 million. During the same quarter in the prior year, the company posted ($0.94) earnings per share. The company’s quarterly revenue was down 27.4% on a year-over-year basis. Analysts expect that American Capital Mortgage Investment Crp will post $2.76 EPS for the current fiscal year.

American Capital Mortgage Investment Corp. is a real estate investment trust (NASDAQ:MTGE).

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