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Javelin Mortgage Investment Corp (NYSE:JMI) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Monday. They currently have a $12.70 target price on the stock. Zacks‘s price objective would suggest a potential downside of 4.94% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at JMP Securities downgraded shares of Javelin Mortgage Investment Corp from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 17th. They noted that the move was a valuation call. Separately, 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 Citigroup Inc. reiterated a “neutral” rating on shares of Javelin Mortgage Investment Corp in a research note on Thursday, July 3rd. They now have a $13.00 price target on the stock, down previously from $16.00. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $9.98.

Shares of Javelin Mortgage Investment Corp (NYSE:JMI) traded up 0.35% during mid-day trading on Monday, hitting $13.4066. 139,065 shares of the company’s stock traded hands. Javelin Mortgage Investment Corp has a 52 week low of $10.72 and a 52 week high of $14.99. The stock has a 50-day moving average of $13.45 and a 200-day moving average of $13.70. The company’s market cap is $160.8 million.

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.

To view Zacks’ full report, visit Zacks’ official website.

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