Javelin Mortgage Investment Corp (NYSE:JMI) announced a monthly dividend on Thursday, June 13th, AnalystRatings.Net reports. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.23 per share on Thursday, August 29th. This represents a $2.76 annualized dividend and a dividend yield of 17.59%. The ex-dividend date is Tuesday, August 13th.
JMI has been the subject of a number of recent research reports. Analysts at Oppenheimer reiterated an “outperform” rating on shares of Javelin Mortgage Investment Corp in a research note to investors on Tuesday. They now have a $17.00 price target on the stock, down previously from $19.00. On the ratings front, analysts at Ladenburg Thalmann initiated coverage on shares of Javelin Mortgage Investment Corp in a research note to investors on Monday. They set a “buy” rating and a $21.00 price target on the stock. Finally, analysts at Credit Suisse initiated coverage on shares of Javelin Mortgage Investment Corp in a research note to investors on Wednesday, June 5th. They set a “neutral” rating on the stock.
Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $20.22.
Shares of Javelin Mortgage Investment Corp (NYSE: JMI) opened at 15.69 on Friday. Javelin Mortgage Investment Corp has a 52 week low of $14.53 and a 52 week high of $20.20. The stock’s 50-day moving average is currently $17.69. The company has a market cap of $117.7 million and a P/E ratio of 4.18.
JAVELIN Mortgage Investment Corp. is formed to invest in and manage a leveraged portfolio of agency mortgage-backed securities, non-agency mortgage-backed securities and other mortgage-related investments.