Wellington Management Group LLP Has $45.67 Million Position in American Capital Mortgage Investment Corp. (MTGE)

Wellington Management Group LLP raised its position in American Capital Mortgage Investment Corp. (NASDAQ:MTGE) by 19.3% during the first quarter, Holdings Channel reports. The institutional investor owned 2,726,456 shares of the real estate investment trust’s stock after buying an additional 441,008 shares during the period. Wellington Management Group LLP owned 0.06% of American Capital Mortgage Investment Corp. worth $45,668,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Prudential Financial Inc. raised its position in shares of American Capital Mortgage Investment Corp. by 25.6% in the first quarter. Prudential Financial Inc. now owns 506,242 shares of the real estate investment trust’s stock worth $8,479,000 after buying an additional 103,200 shares in the last quarter. Martingale Asset Management L P raised its position in shares of American Capital Mortgage Investment Corp. by 1.3% in the first quarter. Martingale Asset Management L P now owns 302,678 shares of the real estate investment trust’s stock worth $5,070,000 after buying an additional 3,896 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of American Capital Mortgage Investment Corp. by 26.4% in the first quarter. Wells Fargo & Company MN now owns 295,835 shares of the real estate investment trust’s stock worth $4,955,000 after buying an additional 61,753 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of American Capital Mortgage Investment Corp. by 10.5% in the first quarter. Bank of New York Mellon Corp now owns 239,069 shares of the real estate investment trust’s stock worth $4,005,000 after buying an additional 22,772 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in shares of American Capital Mortgage Investment Corp. by 11.0% in the first quarter. Van ECK Associates Corp now owns 182,311 shares of the real estate investment trust’s stock worth $3,054,000 after buying an additional 18,130 shares in the last quarter. Hedge funds and other institutional investors own 74.02% of the company’s stock.

Institutional Ownership by Quarter for American Capital Mortgage Investment Corp. (NASDAQ:MTGE)

Shares of American Capital Mortgage Investment Corp. (MTGE) remained flat at $19.55 during trading on Tuesday. The stock had a trading volume of 126,163 shares. The firm has a 50 day moving average of $18.28 and a 200-day moving average of $16.94. American Capital Mortgage Investment Corp. has a one year low of $15.23 and a one year high of $19.65. The firm has a market capitalization of $895.33 million, a price-to-earnings ratio of 9.04 and a beta of 0.50.

American Capital Mortgage Investment Corp. (NASDAQ:MTGE) last released its quarterly earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.03. The business had revenue of $23.59 million during the quarter, compared to the consensus estimate of $26.47 million. American Capital Mortgage Investment Corp. had a return on equity of 9.86% and a net margin of 99.51%. The business’s quarterly revenue was down 14.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.44 EPS. Equities research analysts anticipate that American Capital Mortgage Investment Corp. will post $1.90 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 27th. Shareholders of record on Friday, June 30th will be paid a dividend of $0.45 per share. The ex-dividend date is Wednesday, June 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.21%. American Capital Mortgage Investment Corp.’s dividend payout ratio is currently 83.33%.

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A number of equities analysts have weighed in on MTGE shares. Maxim Group reiterated a “buy” rating and set a $20.00 target price on shares of American Capital Mortgage Investment Corp. in a research report on Friday, May 5th. Zacks Investment Research upgraded shares of American Capital Mortgage Investment Corp. from a “hold” rating to a “strong-buy” rating and set a $20.00 target price for the company in a research report on Saturday, May 6th. Citigroup Inc. reiterated a “neutral” rating on shares of American Capital Mortgage Investment Corp. in a research report on Thursday, May 11th. Wells Fargo & Co upgraded shares of American Capital Mortgage Investment Corp. from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 4th. They noted that the move was a valuation call. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $18.00 target price on shares of American Capital Mortgage Investment Corp. in a research report on Monday, April 10th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $18.00.

About American Capital Mortgage 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:MTGE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding MTGE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Capital Mortgage Investment Corp. (NASDAQ:MTGE).

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