Invictus RG Purchases 8,499 Shares of MTGE Investment Corp. (MTGE)
Invictus RG grew its position in shares of MTGE Investment Corp. (NASDAQ:MTGE) by 92.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,647 shares of the real estate investment trust’s stock after purchasing an additional 8,499 shares during the quarter. Invictus RG’s holdings in MTGE Investment were worth $342,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its position in MTGE Investment by 9.5% during the 2nd quarter. State Street Corp now owns 1,232,032 shares of the real estate investment trust’s stock worth $23,165,000 after acquiring an additional 106,651 shares during the last quarter. Boston Partners grew its position in MTGE Investment by 11.5% during the 3rd quarter. Boston Partners now owns 685,604 shares of the real estate investment trust’s stock worth $13,301,000 after acquiring an additional 70,973 shares during the last quarter. Great Lakes Advisors LLC grew its position in MTGE Investment by 20.9% during the 2nd quarter. Great Lakes Advisors LLC now owns 180,364 shares of the real estate investment trust’s stock worth $3,391,000 after acquiring an additional 31,199 shares during the last quarter. Chicago Equity Partners LLC bought a new position in MTGE Investment during the 3rd quarter worth approximately $5,739,000. Finally, Prudential Financial Inc. grew its position in MTGE Investment by 26.7% during the 3rd quarter. Prudential Financial Inc. now owns 529,737 shares of the real estate investment trust’s stock worth $10,277,000 after acquiring an additional 111,495 shares during the last quarter. Hedge funds and other institutional investors own 74.49% of the company’s stock.
Several equities analysts recently issued reports on the company. Maxim Group raised their price target on MTGE Investment from $20.50 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $20.00 price objective on shares of MTGE Investment in a research report on Thursday, September 14th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $20.50.
Shares of MTGE Investment Corp. (MTGE) opened at $18.60 on Wednesday. The firm has a market capitalization of $858.71, a P/E ratio of 9.28 and a beta of 0.46. MTGE Investment Corp. has a 1 year low of $15.40 and a 1 year high of $20.00. The company has a debt-to-equity ratio of 4.05, a current ratio of 0.82 and a quick ratio of 0.82.
MTGE Investment (NASDAQ:MTGE) last issued its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.05). The business had revenue of $21.54 million during the quarter, compared to the consensus estimate of $31.36 million. MTGE Investment had a return on equity of 10.52% and a net margin of 89.01%. MTGE Investment’s quarterly revenue was down 15.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.48 earnings per share.
MTGE Investment 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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