BidaskClub upgraded shares of MTGE Investment (NASDAQ:MTGE) from a sell rating to a hold rating in a research note published on Friday morning.

A number of other equities research analysts also recently commented on MTGE. Keefe, Bruyette & Woods reiterated a buy rating and set a $20.00 price objective on shares of MTGE Investment in a research report on Thursday, September 14th. Maxim Group increased their price objective on MTGE Investment from $20.50 to $21.00 and gave the company a buy rating in a research report on Wednesday, November 1st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $20.50.

Shares of MTGE Investment (MTGE) traded down $0.20 during trading hours on Friday, hitting $18.50. The stock had a trading volume of 366,232 shares, compared to its average volume of 420,941. MTGE Investment has a one year low of $15.50 and a one year high of $20.00. The firm has a market cap of $856.42, a P/E ratio of 10.28 and a beta of 0.46. 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 announced its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.05). MTGE Investment had a net margin of 89.01% and a return on equity of 10.52%. The company had revenue of $21.54 million for the quarter, compared to analyst estimates of $31.36 million. During the same quarter last year, the company posted $1.48 EPS. MTGE Investment’s revenue was down 15.6% on a year-over-year basis.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 9th. Stockholders of record on Friday, December 29th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 10.81%. The ex-dividend date is Thursday, December 28th. This is an increase from MTGE Investment’s previous quarterly dividend of $0.45. MTGE Investment’s dividend payout ratio is 111.11%.

Large investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of MTGE Investment in the third quarter valued at $171,000. Advisor Group Inc. lifted its holdings in shares of MTGE Investment by 62.2% in the third quarter. Advisor Group Inc. now owns 9,383 shares of the real estate investment trust’s stock valued at $183,000 after purchasing an additional 3,598 shares in the last quarter. AMP Capital Investors Ltd purchased a new stake in shares of MTGE Investment in the third quarter valued at $208,000. Invictus RG lifted its holdings in shares of MTGE Investment by 92.9% in the third quarter. Invictus RG now owns 17,647 shares of the real estate investment trust’s stock valued at $342,000 after purchasing an additional 8,499 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of MTGE Investment by 64.3% in the third quarter. Sei Investments Co. now owns 43,903 shares of the real estate investment trust’s stock valued at $852,000 after purchasing an additional 17,176 shares in the last quarter. Institutional investors own 74.49% of the company’s stock.

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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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