Media coverage about MTGE Investment Corp. (NASDAQ:MTGE) has been trending somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MTGE Investment Corp. earned a news impact score of 0.05 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 46.429671246188 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
MTGE Investment Corp. (MTGE) opened at 18.825 on Friday. The company has a 50-day moving average price of $19.43 and a 200-day moving average price of $18.78. The stock has a market capitalization of $862.13 million, a price-to-earnings ratio of 8.476 and a beta of 0.47. MTGE Investment Corp. has a 12-month low of $15.40 and a 12-month high of $20.00.
MTGE Investment Corp. (NASDAQ:MTGE) last posted its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.06. MTGE Investment Corp. had a net margin of 104.38% and a return on equity of 10.40%. The company had revenue of $23.39 million for the quarter, compared to the consensus estimate of $27.29 million. During the same period last year, the company posted $0.85 EPS. The firm’s quarterly revenue was down .8% compared to the same quarter last year. On average, equities research analysts forecast that MTGE Investment Corp. will post $2.11 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, September 29th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.56%. MTGE Investment Corp.’s payout ratio is currently 81.08%.
Several equities research analysts have issued reports on the company. Keefe, Bruyette & Woods reissued a “buy” rating and set a $20.00 target price on shares of MTGE Investment Corp. in a research note on Friday, August 4th. BidaskClub lowered MTGE Investment Corp. from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. MTGE Investment Corp. currently has a consensus rating of “Buy” and a consensus price target of $20.00.
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MTGE Investment Corp. 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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