Guggenheim Capital LLC decreased its holdings in MTGE Investment Corp. (NASDAQ:MTGE) by 13.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 125,433 shares of the real estate investment trust’s stock after selling 18,805 shares during the period. Guggenheim Capital LLC’s holdings in MTGE Investment were worth $2,321,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of MTGE. SG Americas Securities LLC purchased a new stake in MTGE Investment in the 3rd quarter valued at about $171,000. Dean Capital Investments Management LLC purchased a new stake in MTGE Investment in the 4th quarter valued at about $206,000. AMP Capital Investors Ltd purchased a new stake in MTGE Investment in the 3rd quarter valued at about $208,000. Claraphi Advisory Network LLC purchased a new stake in MTGE Investment in the 4th quarter valued at about $277,000. Finally, Teacher Retirement System of Texas purchased a new stake in MTGE Investment in the 4th quarter valued at about $293,000. Institutional investors own 70.96% of the company’s stock.
Separately, BidaskClub upgraded MTGE Investment from a “sell” rating to a “hold” rating in a report on Friday, December 29th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. MTGE Investment presently has an average rating of “Buy” and a consensus price target of $20.50.
MTGE opened at $17.60 on Friday. The company has a debt-to-equity ratio of 4.06, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a market capitalization of $817.49, a price-to-earnings ratio of 8.75 and a beta of 0.18. MTGE Investment Corp. has a 12 month low of $16.15 and a 12 month high of $20.00.
MTGE Investment (NASDAQ:MTGE) last posted its quarterly earnings results on Monday, February 5th. The real estate investment trust reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. The company had revenue of $22.60 million during the quarter, compared to analysts’ expectations of $32.17 million. MTGE Investment had a return on equity of 10.44% and a net margin of 177.04%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.50 EPS.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 9th. Shareholders of record on Thursday, March 29th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 11.36%. The ex-dividend date was Wednesday, March 28th.
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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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