TIAA CREF Investment Management LLC Decreases Position in American Capital Mortgage Investment Corp. (NASDAQ:MTGE)

TIAA CREF Investment Management LLC reduced its position in American Capital Mortgage Investment Corp. (NASDAQ:MTGE) by 4.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,656 shares of the real estate investment trust’s stock after selling 8,689 shares during the period. TIAA CREF Investment Management LLC owned about 0.37% of American Capital Mortgage Investment Corp. worth $2,875,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Creative Planning raised its position in shares of American Capital Mortgage Investment Corp. by 76.8% in the first quarter. Creative Planning now owns 11,753 shares of the real estate investment trust’s stock worth $197,000 after buying an additional 5,105 shares in the last quarter. Nisa Investment Advisors LLC purchased a new position in shares of American Capital Mortgage Investment Corp. during the first quarter worth approximately $204,000. ClariVest Asset Management LLC raised its position in shares of American Capital Mortgage Investment Corp. by 5.4% in the first quarter. ClariVest Asset Management LLC now owns 16,953 shares of the real estate investment trust’s stock worth $284,000 after buying an additional 864 shares in the last quarter. USA Financial Portformulas Corp purchased a new position in shares of American Capital Mortgage Investment Corp. during the fourth quarter worth approximately $293,000. Finally, Virginia Retirement Systems ET AL bought a new stake in shares of American Capital Mortgage Investment Corp. during the first quarter worth about $459,000. Hedge funds and other institutional investors own 73.21% of the company’s stock.

Shares of American Capital Mortgage Investment Corp. (MTGE) opened at 19.30 on Friday. The company’s 50 day moving average is $18.93 and its 200-day moving average is $17.74. The company has a market cap of $883.88 million, a P/E ratio of 8.69 and a beta of 0.48. American Capital Mortgage Investment Corp. has a 12 month low of $15.40 and a 12 month high of $19.65.

American Capital Mortgage Investment Corp. (NASDAQ:MTGE) last announced its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.06. American Capital Mortgage Investment Corp. had a net margin of 104.38% and a return on equity of 10.40%. The firm had revenue of $23.39 million during the quarter, compared to the consensus estimate of $27.29 million. During the same period last year, the firm posted $0.85 EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis. Analysts expect that American Capital Mortgage Investment Corp. will post $2.10 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, July 27th. Investors of record on Friday, June 30th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 9.33%. The ex-dividend date of this dividend was Wednesday, June 28th. American Capital Mortgage Investment Corp.’s dividend payout ratio is currently 81.08%.

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A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods restated a “buy” rating and issued a $20.00 target price on shares of American Capital Mortgage Investment Corp. in a research note on Friday, August 4th. BidaskClub lowered shares of American Capital Mortgage Investment Corp. from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Maxim Group restated a “buy” rating and issued a $20.00 target price on shares of American Capital Mortgage Investment Corp. in a research note on Monday, May 15th. Citigroup Inc. restated a “neutral” rating on shares of American Capital Mortgage Investment Corp. in a research note on Thursday, May 11th. Finally, Zacks Investment Research raised shares of American Capital Mortgage Investment Corp. from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective for the company in a research report on Saturday, May 6th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $19.38.

American Capital Mortgage Investment Corp. 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.

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

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