Geode Capital Management LLC decreased its position in MTGE Investment Corp. (NASDAQ:MTGE) by 15.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 431,063 shares of the real estate investment trust’s stock after selling 79,254 shares during the quarter. Geode Capital Management LLC owned 0.94% of MTGE Investment worth $7,974,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in MTGE. SG Americas Securities LLC acquired a new stake in shares of MTGE Investment during the third quarter worth approximately $171,000. Dean Capital Investments Management LLC acquired a new stake in shares of MTGE Investment during the fourth quarter worth approximately $206,000. AMP Capital Investors Ltd acquired a new stake in shares of MTGE Investment during the third quarter worth approximately $208,000. Claraphi Advisory Network LLC acquired a new stake in shares of MTGE Investment during the fourth quarter worth approximately $277,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of MTGE Investment during the fourth quarter worth approximately $293,000. 70.96% of the stock is owned by institutional investors and hedge funds.
Separately, BidaskClub downgraded shares of MTGE Investment from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $20.50.
MTGE Investment (NASDAQ:MTGE) last released its quarterly earnings results on Monday, February 5th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. MTGE Investment had a net margin of 177.04% and a return on equity of 10.44%. The business had revenue of $22.60 million during the quarter, compared to the consensus estimate of $32.17 million. During the same quarter last year, the company earned $0.50 earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which was paid on Monday, April 9th. Stockholders of record on Thursday, March 29th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.24%. The ex-dividend date of this dividend was Wednesday, March 28th.
In other news, SVP Christopher Kuehl sold 3,589 shares of the firm’s stock in a transaction that occurred on Monday, March 19th. The shares were sold at an average price of $17.76, for a total transaction of $63,740.64. Following the completion of the sale, the senior vice president now owns 91,150 shares of the company’s stock, valued at $1,618,824. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.08% of the stock is currently owned by company insiders.
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MTGE Investment 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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