Published On: Sun, Sep 11th, 2016

American Capital Mortgage Investment Corp. (MTGE) Rating Reiterated by Credit Suisse Group AG

American Capital Mortgage Investment Corp. (NASDAQ:MTGE)‘s stock had its “hold” rating reaffirmed by Credit Suisse Group AG in a research report issued on Sunday. They currently have a $17.50 price target on the real estate investment trust’s stock. Credit Suisse Group AG’s price objective would indicate a potential upside of 3.06% from the company’s current price.
A number of other equities analysts have also recently weighed in on the company. Citigroup Inc. upped their price target on American Capital Mortgage Investment Corp. from $13.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, August 17th. Zacks Investment Research raised American Capital Mortgage Investment Corp. from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Tuesday, August 16th. Deutsche Bank AG set a $17.50 price target on American Capital Mortgage Investment Corp. and gave the stock a “hold” rating in a report on Wednesday, August 3rd. Wunderlich upped their price target on American Capital Mortgage Investment Corp. from $15.00 to $17.00 and gave the stock a “hold” rating in a report on Tuesday, August 2nd. Finally, Keefe, Bruyette & Woods set a $17.50 price target on American Capital Mortgage Investment Corp. and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. American Capital Mortgage Investment Corp. currently has an average rating of “Hold” and a consensus price target of $17.79.
American Capital Mortgage Investment Corp. (NASDAQ:MTGE) opened at 16.98 on Friday. American Capital Mortgage Investment Corp. has a one year low of $12.01 and a one year high of $17.74. The stock has a 50 day moving average price of $17.06 and a 200-day moving average price of $15.58. The stock’s market cap is $777.63 million.

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American Capital Mortgage Investment Corp. (NASDAQ:MTGE) last released its quarterly earnings results on Monday, August 1st. The real estate investment trust reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.44. American Capital Mortgage Investment Corp. had a positive return on equity of 9.55% and a negative net margin of 8.75%. During the same period in the previous year, the business posted ($0.80) earnings per share. Equities research analysts expect that American Capital Mortgage Investment Corp. will post $2.68 earnings per share for the current fiscal year.
In other American Capital Mortgage Investment Corp. news, CEO Gary D. Kain sold 53,598 shares of the stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $15.61, for a total transaction of $836,664.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Donald Holley sold 8,528 shares of the stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of $15.61, for a total value of $133,122.08. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.
Other institutional investors have recently made changes to their positions in the company. Creative Planning boosted its position 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 worth $105,000 after buying an additional 172 shares during the last quarter. AMP Capital Investors Ltd bought a new stake in American Capital Mortgage Investment Corp. during the first quarter valued at approximately $154,000. BlackRock Group LTD boosted its stake in American Capital Mortgage Investment Corp. by 45.1% in the first quarter. BlackRock Group LTD now owns 23,040 shares of the real estate investment trust’s stock valued at $338,000 after buying an additional 7,161 shares in the last quarter. Squarepoint Ops LLC boosted its stake in American Capital Mortgage Investment Corp. by 179.2% in the first quarter. Squarepoint Ops LLC now owns 28,200 shares of the real estate investment trust’s stock valued at $414,000 after buying an additional 18,100 shares in the last quarter. Finally, Hilton Capital Management LLC bought a new stake in American Capital Mortgage Investment Corp. during the first quarter valued at approximately $421,000. 71.46% of the stock is owned by institutional investors and hedge funds.
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.

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