Invictus RG boosted its holdings in shares of MTGE Investment Corp. (NASDAQ:MTGE) by 92.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,647 shares of the real estate investment trust’s stock after acquiring an additional 8,499 shares during the period. Invictus RG’s holdings in MTGE Investment were worth $342,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in MTGE. Hillsdale Investment Management Inc. lifted its holdings in shares of MTGE Investment by 214.6% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 81,800 shares of the real estate investment trust’s stock worth $1,587,000 after acquiring an additional 55,800 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in MTGE Investment by 45.4% during the 3rd quarter. Wells Fargo & Company MN now owns 392,588 shares of the real estate investment trust’s stock worth $7,617,000 after buying an additional 122,573 shares in the last quarter. Citadel Advisors LLC lifted its holdings in MTGE Investment by 23.4% during the 3rd quarter. Citadel Advisors LLC now owns 165,744 shares of the real estate investment trust’s stock worth $3,216,000 after buying an additional 31,378 shares in the last quarter. Virginia Retirement Systems ET AL lifted its holdings in MTGE Investment by 8.4% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 51,700 shares of the real estate investment trust’s stock worth $1,003,000 after buying an additional 4,000 shares in the last quarter. Finally, Van ECK Associates Corp lifted its holdings in MTGE Investment by 9.1% during the 3rd quarter. Van ECK Associates Corp now owns 221,054 shares of the real estate investment trust’s stock worth $4,288,000 after buying an additional 18,479 shares in the last quarter. 74.49% of the stock is owned by institutional investors.
MTGE Investment Corp. (NASDAQ:MTGE) opened at $18.55 on Friday. MTGE Investment Corp. has a 52-week low of $15.40 and a 52-week high of $20.00. The company has a debt-to-equity ratio of 4.05, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market cap of $854.13, a price-to-earnings ratio of 9.23 and a beta of 0.46.
MTGE Investment (NASDAQ:MTGE) last issued its earnings results on Monday, October 30th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.05). The firm had revenue of $21.54 million during the quarter, compared to analysts’ expectations of $31.36 million. MTGE Investment had a net margin of 89.01% and a return on equity of 10.52%. The firm’s revenue was down 15.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.48 EPS.
A number of brokerages have recently weighed in on MTGE. Keefe, Bruyette & Woods restated a “buy” rating and issued a $20.00 price objective on shares of MTGE Investment in a report on Thursday, September 14th. Maxim Group raised their price objective on shares of MTGE Investment from $20.50 to $21.00 and gave the company a “buy” rating in a 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. The stock currently has an average rating of “Buy” and an average target price of $20.50.
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About MTGE Investment
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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