American Capital Mortgage Investment Corp. (MTGE) Sets New 12-Month High Following Dividend Announcement

Shares of American Capital Mortgage Investment Corp. (NASDAQ:MTGE) reached a new 52-week high during mid-day trading on Thursday after the company announced a dividend. The company traded as high as $19.18 and last traded at $19.18, with a volume of 165,974 shares traded. The stock had previously closed at $19.15.

The newly announced dividend which will be paid on Thursday, July 27th. Shareholders of record on Friday, June 30th will be paid a $0.45 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $1.80 dividend on an annualized basis and a yield of 9.28%. American Capital Mortgage Investment Corp.’s dividend payout ratio is currently 83.33%.

A number of equities analysts have weighed in on MTGE shares. Maxim Group restated a “buy” rating and issued a $20.00 target price on shares of American Capital Mortgage Investment Corp. in a research note on Friday, May 5th. Zacks Investment Research upgraded American Capital Mortgage Investment Corp. from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Tuesday, April 18th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $18.00 target price on shares of American Capital Mortgage Investment Corp. in a research note on Monday, April 10th. Citigroup Inc. restated a “neutral” rating on shares of American Capital Mortgage Investment Corp. in a research note on Thursday, May 11th. Finally, Wells Fargo & Company upgraded American Capital Mortgage Investment Corp. from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 4th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. American Capital Mortgage Investment Corp. presently has an average rating of “Buy” and a consensus target price of $18.00.

The firm has a 50-day moving average price of $18.24 and a 200 day moving average price of $16.92. The firm has a market cap of $888.46 million, a price-to-earnings ratio of 8.97 and a beta of 0.50.

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, beating the Zacks’ consensus estimate of $0.46 by $0.03. The business had revenue of $23.59 million for the quarter, compared to analysts’ expectations of $26.47 million. American Capital Mortgage Investment Corp. had a return on equity of 9.86% and a net margin of 99.51%. The business’s quarterly revenue was down 14.2% on a year-over-year basis. During the same period last year, the firm earned $0.44 earnings per share. Equities research analysts predict that American Capital Mortgage Investment Corp. will post $1.90 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of the stock. Creative Planning boosted its stake in shares of 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 valued at $197,000 after buying an additional 5,105 shares during the period. Nisa Investment Advisors LLC purchased a new stake in shares of American Capital Mortgage Investment Corp. during the first quarter valued at about $204,000. ClariVest Asset Management LLC boosted its stake in shares of 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 valued at $284,000 after buying an additional 864 shares during the period. USA Financial Portformulas Corp purchased a new stake in shares of American Capital Mortgage Investment Corp. during the fourth quarter valued at about $293,000. Finally, Virginia Retirement Systems ET AL purchased a new stake in shares of American Capital Mortgage Investment Corp. during the first quarter valued at about $459,000. 74.02% of the stock is currently owned by institutional investors and hedge funds.

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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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