A number of research firms have changed their ratings and price targets for MTGE Investment Corp (NASDAQ: MTGE):

  • 5/15/2017 – MTGE Investment Corp had its “buy” rating reaffirmed by analysts at Maxim Group. They now have a $20.00 price target on the stock.
  • 5/11/2017 – MTGE Investment Corp had its “neutral” rating reaffirmed by analysts at Citigroup Inc.
  • 5/6/2017 – MTGE Investment Corp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $20.00 price target on the stock. According to Zacks, “MTGE Investment Corp. is a hybrid mortgage real estate investment trust. It invests in agency mortgage-backed securities, non-agency mortgage investment and other real estate-related assets, including skilled nursing and senior living facilities operated by third parties. MTGE Investment Corp., formerly known as American Capital Mortgage Investment Corp., is based in Bethesda, Maryland. “
  • 5/5/2017 – MTGE Investment Corp had its “buy” rating reaffirmed by analysts at Maxim Group. They now have a $20.00 price target on the stock. They wrote, “MTGE increased its quarterly dividend to $0.45 per share, from $0.40; we expect the new dividend to be covered by earnings.””
  • 5/4/2017 – MTGE Investment Corp was upgraded by analysts at Wells Fargo & Co from a “market perform” rating to an “outperform” rating. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 4/19/2017 – MTGE Investment Corp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “MTGE Investment Corp. is a hybrid mortgage real estate investment trust. It invests in agency mortgage-backed securities, non-agency mortgage investment and other real estate-related assets, including skilled nursing and senior living facilities operated by third parties. MTGE Investment Corp., formerly known as American Capital Mortgage Investment Corp., is based in Bethesda, Maryland. “
  • 4/18/2017 – MTGE Investment Corp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $19.00 price target on the stock. According to Zacks, “MTGE Investment Corp. is a hybrid mortgage real estate investment trust. It invests in agency mortgage-backed securities, non-agency mortgage investment and other real estate-related assets, including skilled nursing and senior living facilities operated by third parties. MTGE Investment Corp., formerly known as American Capital Mortgage Investment Corp., is based in Bethesda, Maryland. “
  • 4/10/2017 – MTGE Investment Corp had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $18.00 price target on the stock.

MTGE Investment Corp (NASDAQ:MTGE) traded down 0.84% during midday trading on Wednesday, hitting $17.70. 137,496 shares of the stock were exchanged. MTGE Investment Corp has a 1-year low of $14.79 and a 1-year high of $18.50. The company has a market capitalization of $810.62 million, a P/E ratio of 8.18 and a beta of 0.43. The company’s 50 day moving average is $17.40 and its 200 day moving average is $16.65.

MTGE Investment Corp (NASDAQ:MTGE) last posted its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The company had revenue of $23.59 million for the quarter, compared to analysts’ expectations of $26.47 million. MTGE Investment Corp had a net margin of 40.37% and a return on equity of 9.12%. MTGE Investment Corp’s revenue for the quarter was down 14.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.44 earnings per share. Analysts predict that MTGE Investment Corp will post $1.88 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 27th. Investors of record on Friday, March 31st were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 10.08%. This is a boost from MTGE Investment Corp’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Wednesday, March 29th. MTGE Investment Corp’s dividend payout ratio is 186.05%.

In related news, SVP Donald Holley acquired 19,633 shares of the firm’s stock in a transaction that occurred on Friday, March 10th. The shares were bought at an average cost of $15.96 per share, for a total transaction of $313,342.68. Following the completion of the transaction, the senior vice president now owns 9,208 shares in the company, valued at $146,959.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.67% of the stock is currently owned by corporate insiders.

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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