Global X Management Co. LLC lifted its holdings in shares of MTGE Investment Corp. (NASDAQ:MTGE) by 3.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,258,893 shares of the real estate investment trust’s stock after purchasing an additional 39,197 shares during the period. Global X Management Co. LLC owned about 2.75% of MTGE Investment worth $23,290,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. TIAA CREF Investment Management LLC raised its stake in shares of MTGE Investment by 1.0% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 173,289 shares of the real estate investment trust’s stock worth $3,258,000 after purchasing an additional 1,633 shares during the period. Nationwide Fund Advisors raised its stake in shares of MTGE Investment by 4.1% during the 3rd quarter. Nationwide Fund Advisors now owns 67,979 shares of the real estate investment trust’s stock worth $1,319,000 after purchasing an additional 2,684 shares during the period. Advisor Group Inc. raised its stake in shares of MTGE Investment by 62.2% during the 3rd quarter. Advisor Group Inc. now owns 9,383 shares of the real estate investment trust’s stock worth $183,000 after purchasing an additional 3,598 shares during the period. Virginia Retirement Systems ET AL raised its stake in shares of 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 purchasing an additional 4,000 shares during the period. Finally, Teachers Advisors LLC raised its stake in shares of MTGE Investment by 3.4% during the 2nd quarter. Teachers Advisors LLC now owns 134,844 shares of the real estate investment trust’s stock worth $2,535,000 after purchasing an additional 4,486 shares during the period. Institutional investors own 73.73% of the company’s stock.
A number of equities research analysts have recently commented on MTGE shares. BidaskClub upgraded MTGE Investment from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. Maxim Group lifted their target price on MTGE Investment from $20.50 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. MTGE Investment has an average rating of “Hold” and an average price target of $20.50.
Shares of MTGE Investment Corp. (NASDAQ MTGE) opened at $17.25 on Wednesday. MTGE Investment Corp. has a 52 week low of $15.70 and a 52 week high of $20.00. The stock has a market capitalization of $778.57, a PE ratio of 5.04 and a beta of 0.27. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 4.05.
MTGE Investment (NASDAQ:MTGE) last announced its quarterly earnings data on Monday, February 5th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. MTGE Investment had a return on equity of 10.53% and a net margin of 177.04%. The business had revenue of $22.60 million for the quarter, compared to analysts’ expectations of $32.17 million. During the same period in the previous year, the business posted $0.50 EPS. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year.
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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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