Agnc Investment Corp.
recently disclosed that they own 5.7% of MTGE Investment Corp. (NASDAQ:MTGE) in a Schedule 13D disclosure that was filed with the Securities and Exchange Commission on Thursday, February 22nd. The investor owns 2,620,005 shares of the stock worth about $45,719,087. The disclosure is available through the SEC website at this hyperlink.
MTGE has been the subject of a number of recent research reports. BidaskClub raised shares of MTGE Investment from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. Maxim Group raised their price objective on shares of MTGE Investment from $20.50 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $20.50.
Shares of MTGE Investment Corp. (NASDAQ MTGE) traded down $0.10 on Thursday, hitting $17.45. 502,539 shares of the stock were exchanged, compared to its average volume of 469,437. MTGE Investment Corp. has a fifty-two week low of $15.70 and a fifty-two week high of $20.00. The stock has a market cap of $799.17, a PE ratio of 5.10 and a beta of 0.27. The company has a debt-to-equity ratio of 4.05, a quick ratio of 0.82 and a current ratio of 0.82.
MTGE Investment (NASDAQ:MTGE) last announced its earnings results on Monday, February 5th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. MTGE Investment had a net margin of 177.04% and a return on equity of 10.53%. The firm had revenue of $22.60 million for the quarter, compared to analyst estimates of $32.17 million. During the same quarter last year, the business earned $0.50 earnings per share. MTGE Investment’s revenue was up 5.1% compared to the same quarter last year.
MTGE Investment 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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