Headlines about American Capital Mortgage Investment Corp. (NASDAQ:MTGE) have been trending somewhat positive on Friday, AlphaOne Sentiment reports. AlphaOne, a service of Accern, scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. American Capital Mortgage Investment Corp. earned a news impact score of 0.24 on AlphaOne’s scale. AlphaOne also gave news headlines about the real estate investment trust an impact score of 66 out of 100, indicating that recent press coverage is likely to have an impact on the company’s share price in the next several days.
Shares of American Capital Mortgage Investment Corp. (NASDAQ MTGE) traded up 1.57% during trading on Friday, hitting $19.40. The company’s stock had a trading volume of 881,038 shares. The company has a 50-day moving average price of $18.24 and a 200-day moving average price of $16.92. American Capital Mortgage Investment Corp. has a one year low of $15.23 and a one year high of $19.40. The stock has a market cap of $888.46 million, a PE ratio of 8.97 and a beta of 0.50.
American Capital Mortgage Investment Corp. (NASDAQ:MTGE) last issued its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.03. The firm had revenue of $23.59 million during the quarter, compared to analysts’ expectations of $26.47 million. American Capital Mortgage Investment Corp. had a net margin of 99.51% and a return on equity of 9.86%. The firm’s revenue for the quarter was down 14.2% compared to the same quarter last year. During the same period last year, the firm posted $0.44 earnings per share. Equities analysts predict that American Capital Mortgage Investment Corp. will post $1.90 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 27th. Investors of record on Friday, June 30th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 9.28%. The ex-dividend date is Wednesday, June 28th. American Capital Mortgage Investment Corp.’s payout ratio is 83.33%.
MTGE has been the topic of a number of recent research reports. 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 reaffirmed a “buy” rating and issued a $18.00 price target on shares of American Capital Mortgage Investment Corp. in a report on Monday, April 10th. Citigroup Inc. reaffirmed a “neutral” rating on shares of American Capital Mortgage Investment Corp. in a report on Thursday, May 11th. Finally, Wells Fargo & Company raised American Capital Mortgage Investment Corp. from a “market perform” rating to an “outperform” rating in a report 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 issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $18.00.
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About American Capital Mortgage Investment Corp.
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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