American Capital Mortgage Investment Corp. (NASDAQ:MTGE) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Sunday.

A number of other research firms have also recently commented on MTGE. Zacks Investment Research upgraded shares of American Capital Mortgage Investment Corp. from a “hold” rating to a “strong-buy” rating and set a $20.00 price target for the company in a report on Saturday, May 6th. Citigroup Inc. restated a “neutral” rating on shares of American Capital Mortgage Investment Corp. in a report on Thursday, May 11th. Maxim Group restated a “buy” rating and issued a $20.00 price target on shares of American Capital Mortgage Investment Corp. in a report on Monday, May 15th. Wells Fargo & Company upgraded shares of American Capital Mortgage Investment Corp. from a “market perform” rating to an “outperform” rating in a report on Thursday, May 4th. They noted that the move was a valuation call. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $18.00 price target on shares of American Capital Mortgage Investment Corp. in a report on Monday, April 10th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $18.00.

American Capital Mortgage Investment Corp. (MTGE) traded up 0.53% during mid-day trading on Friday, reaching $19.00. 199,147 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $18.56 and a 200-day moving average of $17.09. American Capital Mortgage Investment Corp. has a 12 month low of $15.40 and a 12 month high of $19.65. The firm has a market cap of $870.14 million, a price-to-earnings ratio of 8.78 and a beta of 0.49.

American Capital Mortgage Investment Corp. (NASDAQ:MTGE) last posted its quarterly earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. The business had revenue of $23.59 million during the quarter, compared to analysts’ expectations of $26.47 million. American Capital Mortgage Investment Corp. had a net margin of 99.51% and a return on equity of 9.86%. The business’s quarterly revenue was down 14.2% on a year-over-year basis. During the same period last year, the company posted $0.44 earnings per share. Analysts anticipate that American Capital Mortgage Investment Corp. will post $1.91 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 27th. Shareholders of record on Friday, June 30th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.47%. The ex-dividend date is Wednesday, June 28th. American Capital Mortgage Investment Corp.’s dividend payout ratio (DPR) is 83.33%.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in MTGE. Creative Planning raised its position in American Capital Mortgage Investment Corp. by 76.8% in the first quarter. Creative Planning now owns 11,753 shares of the real estate investment trust’s stock worth $197,000 after buying an additional 5,105 shares during the period. Nisa Investment Advisors LLC acquired a new position in American Capital Mortgage Investment Corp. during the first quarter worth $204,000. ClariVest Asset Management LLC raised its position in American Capital Mortgage Investment Corp. by 5.4% in the first quarter. ClariVest Asset Management LLC now owns 16,953 shares of the real estate investment trust’s stock worth $284,000 after buying an additional 864 shares during the period. USA Financial Portformulas Corp acquired a new position in American Capital Mortgage Investment Corp. during the fourth quarter worth $293,000. Finally, Virginia Retirement Systems ET AL acquired a new position in American Capital Mortgage Investment Corp. during the first quarter worth $459,000. 74.02% 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.

Analyst Recommendations for American Capital Mortgage Investment Corp. (NASDAQ:MTGE)

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