MTGE Investment (NASDAQ:MTGE) released its earnings results on Monday, February 5th. The real estate investment trust reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03, Bloomberg Earnings reports. MTGE Investment had a return on equity of 10.53% and a net margin of 177.04%. The firm had revenue of $22.60 million for the quarter, compared to analysts’ expectations of $32.17 million. During the same quarter in the previous year, the business posted $0.50 EPS. The business’s quarterly revenue was up 5.1% compared to the same quarter last year.
Shares of MTGE Investment (NASDAQ MTGE) traded up $0.25 during mid-day trading on Monday, hitting $17.00. The company had a trading volume of 606,192 shares, compared to its average volume of 428,735. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 4.05. MTGE Investment has a twelve month low of $15.70 and a twelve month high of $20.00. The company has a market cap of $778.56, a P/E ratio of 4.97 and a beta of 0.27.
A number of research analysts recently weighed in on the company. Maxim Group boosted their target price on MTGE Investment from $20.50 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. BidaskClub raised MTGE Investment from a “sell” rating to a “hold” rating in a report on Friday, December 29th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus 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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