American Capital Mortgage Investment Corp. (MTGE) Plans Quarterly Dividend of $0.45
American Capital Mortgage Investment Corp. (NASDAQ:MTGE) declared a quarterly dividend on Thursday, September 14th, Wall Street Journal reports. Shareholders of record on Friday, September 29th will be paid a dividend of 0.45 per share by the real estate investment trust on Friday, October 27th. This represents a $1.80 dividend on an annualized basis and a yield of 9.55%. The ex-dividend date of this dividend is Thursday, September 28th.
Shares of American Capital Mortgage Investment Corp. (MTGE) remained flat at $18.85 during trading on Thursday. The company had a trading volume of 174,702 shares. The stock has a market capitalization of $863.27 million, a price-to-earnings ratio of 8.49 and a beta of 0.48. American Capital Mortgage Investment Corp. has a 12-month low of $15.40 and a 12-month high of $19.65. The company has a 50 day moving average of $19.07 and a 200 day moving average of $18.12.
American Capital Mortgage Investment Corp. (NASDAQ:MTGE) last announced its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.06. American Capital Mortgage Investment Corp. had a net margin of 104.38% and a return on equity of 10.40%. The business had revenue of $23.39 million for the quarter, compared to analysts’ expectations of $27.29 million. During the same quarter last year, the firm earned $0.85 EPS. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. Analysts anticipate that American Capital Mortgage Investment Corp. will post $2.11 EPS for the current fiscal year.
Several equities analysts recently weighed in on MTGE shares. BidaskClub cut shares of American Capital Mortgage Investment Corp. from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 16th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $20.00 price objective on shares of American Capital Mortgage Investment Corp. in a research note on Thursday. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $20.00.
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American Capital Mortgage Investment Corp. Company Profile
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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