American Capital Mortgage Investment Corp. (NASDAQ:MTGE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The firm presently has a $19.00 target price on the real estate investment trust’s stock. Zacks Investment Research’s target price would suggest a potential upside of 14.46% from the stock’s current price.

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. “

Several other research firms have also commented on MTGE. Credit Suisse Group AG reissued a “hold” rating and issued a $15.50 price objective on shares of American Capital Mortgage Investment Corp. in a research note on Tuesday, August 2nd. Citigroup Inc. raised their price objective on shares of American Capital Mortgage Investment Corp. from $13.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, August 17th. Wunderlich raised their price objective on shares of American Capital Mortgage Investment Corp. from $15.00 to $17.00 and gave the company a “hold” rating in a research note on Tuesday, August 2nd. Keefe, Bruyette & Woods set a $17.50 price objective on shares of American Capital Mortgage Investment Corp. and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Finally, Deutsche Bank AG set a $17.50 price objective on shares of American Capital Mortgage Investment Corp. and gave the company a “hold” rating in a research note on Wednesday, August 3rd. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $17.42.

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

American Capital Mortgage Investment Corp. (NASDAQ:MTGE) opened at 16.60 on Wednesday. The firm’s 50-day moving average is $16.98 and its 200-day moving average is $16.39. The firm has a market cap of $760.25 million, a price-to-earnings ratio of 10.00 and a beta of 0.47. American Capital Mortgage Investment Corp. has a 52 week low of $12.01 and a 52 week high of $17.77.

American Capital Mortgage Investment Corp. (NASDAQ:MTGE) last announced its quarterly earnings results on Wednesday, November 2nd. The real estate investment trust reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. American Capital Mortgage Investment Corp. had a net margin of 71.82% and a return on equity of 9.42%. During the same quarter in the previous year, the firm earned $0.46 earnings per share. On average, equities analysts anticipate that American Capital Mortgage Investment Corp. will post $2.68 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 27th. Investors of record on Friday, September 30th were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $1.60 dividend on an annualized basis and a yield of 9.64%. American Capital Mortgage Investment Corp.’s dividend payout ratio is currently 93.02%.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Creative Planning increased its stake in shares of American Capital Mortgage Investment Corp. by 2.7% in the second quarter. Creative Planning now owns 6,648 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 172 shares in the last quarter. Advent Capital Management DE bought a new stake in shares of American Capital Mortgage Investment Corp. during the second quarter valued at $158,000. GSA Capital Partners LLP bought a new stake in shares of American Capital Mortgage Investment Corp. during the second quarter valued at $173,000. Sei Investments Co. increased its stake in shares of American Capital Mortgage Investment Corp. by 18,817.7% in the second quarter. Sei Investments Co. now owns 11,729 shares of the real estate investment trust’s stock valued at $186,000 after buying an additional 11,667 shares in the last quarter. Finally, Societe Generale bought a new stake in shares of American Capital Mortgage Investment Corp. during the second quarter valued at $192,000. Institutional investors own 71.34% of the company’s stock.

American Capital Mortgage Investment Corp. Company Profile

American Capital Mortgage Investment Corp. is a real estate investment trust. The Company invests in, finances and manages a portfolio of real estate-related investments, which the Company defines to include agency residential mortgage-backed securities, non-agency mortgage investments, other mortgage-related investments and other real estate investments.

5 Day Chart for NASDAQ:MTGE

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