Press coverage about MTGE Investment Corp (NASDAQ:MTGE) has trended positive on Saturday, according to AlphaOne Sentiment. The research firm, a unit of Accern, identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. MTGE Investment Corp earned a media sentiment score of 0.48 on AlphaOne’s scale. AlphaOne also assigned news headlines about the real estate investment trust an impact score of 71 out of 100, meaning that recent news coverage is likely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have impacted AlphaOne Sentiment’s scoring:
MTGE Investment Corp (NASDAQ:MTGE) traded up 2.27% during mid-day trading on Friday, reaching $18.05. 962,372 shares of the company traded hands. The stock has a market capitalization of $826.64 million, a price-to-earnings ratio of 21.24 and a beta of 0.43. MTGE Investment Corp has a 12-month low of $14.79 and a 12-month high of $18.50. The company’s 50-day moving average is $17.17 and its 200-day moving average is $16.62.
MTGE Investment Corp (NASDAQ:MTGE) last announced its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.03. The firm earned $23.59 million during the quarter, compared to analysts’ expectations of $26.47 million. MTGE Investment Corp had a return on equity of 9.12% and a net margin of 40.37%. The company’s quarterly revenue was down 14.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.44 EPS. Equities analysts predict that MTGE Investment Corp will post $1.73 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, April 27th. Stockholders of record on Friday, March 31st were issued a $0.45 dividend. This is a boost from MTGE Investment Corp’s previous quarterly dividend of $0.40. The ex-dividend date was Wednesday, March 29th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.97%. MTGE Investment Corp’s payout ratio is 186.05%.
MTGE has been the subject of several research analyst reports. Maxim Group reiterated a “buy” rating and issued a $20.00 price objective on shares of MTGE Investment Corp in a research note on Friday. Zacks Investment Research upgraded shares of MTGE Investment Corp from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective for the company in a research note on Saturday. Wells Fargo & Co upgraded shares of MTGE Investment Corp from a “market perform” rating to an “outperform” rating in a research note on Thursday. They noted that the move was a valuation call. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $18.00 price objective on shares of MTGE Investment Corp in a research note on Monday, April 10th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. MTGE Investment Corp has an average rating of “Buy” and an average price target of $18.00.
In related news, SVP Donald Holley bought 19,633 shares of the company’s stock in a transaction dated Friday, March 10th. The stock was purchased at an average price of $15.96 per share, for a total transaction of $313,342.68. Following the acquisition, the senior vice president now owns 9,208 shares in the company, valued at $146,959.68. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 0.67% of the stock is currently owned by insiders.
About MTGE Investment Corp
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.