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. Agency RMBS includes residential mortgage pass-through certificates and collateralized mortgage obligations (CMOs) structured from residential mortgage pass-through certificates for which the principal and interest payments are guaranteed by a government-sponsored enterprise (GSE), or by a United States Government agency, such as Government National Mortgage Association (Ginnie Mae). Non-agency securities include securities backed by residential mortgages that are not guaranteed by a GSE or the United States Government agency, and credit risk transfer securities (CRT). The Company's manager is MTGE Management, LLC.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: REIT - Diversified
- Sub-Industry: Mortgage REITs
- Symbol: NASDAQ:MTGE
- CUSIP: 02504A10
- Web: www.mtge.com
- Market Cap: $826.64 million
- Outstanding Shares: 45,797,000
- 50 Day Moving Avg: $17.69
- 200 Day Moving Avg: $16.72
- 52 Week Range: $15.23 - $18.50
Sales & Book Value:
- Trailing P/E Ratio: 8.34
- Foreward P/E Ratio: 10.03
- P/E Growth: 2.87
- Annual Revenue: $167.19 million
- Price / Sales: 4.94
- Book Value: $19.58 per share
- Price / Book: 0.92
- Annual Dividend: $1.60
- Dividend Yield: 9.9%
- Net Margins: 40.37%
- Return on Equity: 9.12%
- Return on Assets: 1.65%
- Debt-to-Equity Ratio: 3.61%
- Current Ratio: 0.74%
- Quick Ratio: 0.74%
- Average Volume: 452,684 shs.
- Beta: 0.43
- Short Ratio: 1.89
Frequently Asked Questions for MTGE Investment Corp (NASDAQ:MTGE)
What is MTGE Investment Corp's stock symbol?
MTGE Investment Corp trades on the NASDAQ under the ticker symbol "MTGE."
How often does MTGE Investment Corp pay dividends? What is the dividend yield for MTGE Investment Corp?
MTGE Investment Corp announced a quarterly dividend on Friday, March 17th. Shareholders of record on Friday, March 31st will be given a dividend of $0.45 per share on Thursday, April 27th. This represents a $1.80 dividend on an annualized basis and a yield of 9.97%. The ex-dividend date is Wednesday, March 29th. This is an increase from MTGE Investment Corp's previous quarterly dividend of $0.40. View MTGE Investment Corp's Dividend History.
How were MTGE Investment Corp's earnings last quarter?
MTGE Investment Corp (NASDAQ:MTGE) announced its quarterly earnings results on Wednesday, May, 3rd. The company reported $0.49 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.46 by $0.03. The company had revenue of $23.59 million for 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 revenue for the quarter was down 14.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 EPS. View MTGE Investment Corp's Earnings History.
Where is MTGE Investment Corp's stock going? Where will MTGE Investment Corp's stock price be in 2017?
7 brokerages have issued 1-year price targets for MTGE Investment Corp's stock. Their forecasts range from $16.00 to $20.00. On average, they anticipate MTGE Investment Corp's share price to reach $17.67 in the next year. View Analyst Ratings for MTGE Investment Corp.
What are analysts saying about MTGE Investment Corp stock?
Here are some recent quotes from research analysts about MTGE Investment Corp stock:
- 1. According to Zacks Investment Research, "MTGE Investment Corp. is a hybrid mortgage real estate investment trust. It invests in agency mortgage-backed securities, non-agency mortgage investment and other real estate-related assets, including skilled nursing and senior living facilities operated by third parties. MTGE Investment Corp., formerly known as American Capital Mortgage Investment Corp., is based in Bethesda, Maryland. " (5/6/2017)
- 2. Maxim Group analysts commented, "MTGE increased its quarterly dividend to $0.45 per share, from $0.40; we expect the new dividend to be covered by earnings." (5/5/2017)
Are investors shorting MTGE Investment Corp?
MTGE Investment Corp saw a decrease in short interest in the month of May. As of May 15th, there was short interest totalling 646,814 shares, a decrease of 25.0% from the April 28th total of 861,886 shares. Based on an average daily trading volume, of 640,146 shares, the short-interest ratio is currently 1.0 days. Currently, 1.4% of the company's shares are sold short.
Who are some of MTGE Investment Corp's key competitors?
Some companies that are related to MTGE Investment Corp include Redwood Trust (RWT), CYS Investments (CYS), PennyMac Mortgage Investment Trust (PMT), Ladder Capital Corp (LADR), Hannon Armstrong Sustnbl Infrstr Cap (HASI), istar (STAR), Starwood Waypoint Residential Trust (SWAY), New Senior Investment Group (SNR), Investors Real Estate Trust (IRET), Anworth Mortgage Asset (ANH), Campus Crest Communities (CCG), AG Mortgage Investment Trust (MITT), Gladstone Commercial (GOOD), Armada Hoffler Properties (AHH), Sutherland Asset Management Corp (SLD), Whitestone REIT (WSR), Arbor Realty Trust (ABR) and Ares Commercial Real Estate Corp (ACRE).
Who are MTGE Investment Corp's key executives?
MTGE Investment Corp's management team includes the folowing people:
- Randy E. Dobbs, Independent Chairman of the Board
- Gary D. Kain, President, Chief Executive Officer, Chief Investment Officer, Director
- Peter J. Federico, Chief Financial Officer, Executive Vice President
- Donald W. Holley, Senior Vice President, Chief Accounting Officer
- Christopher J. Kuehl, Senior Vice President - Agency Portfolio Investments
- Aaron J. Pas, Senior Vice President - Non-Agency Portfolio Management
- Steven W. Abrahams, Director
- Julia Lynn Coronado, Director
- Robert M. Couch, Independent Director
Who owns MTGE Investment Corp stock?
MTGE Investment Corp's stock is owned by a number of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.28%), Wellington Management Group LLP (5.95%), UBS Group AG (4.63%), American Financial Group Inc. (2.69%), State Street Corp (2.46%) and Whitebox Advisors LLC (2.42%). Company insiders that own MTGE Investment Corp stock include Aaron Pas, Christopher Kuehl, Donald Holley, Gary D Kain and Peter J Federico. View Institutional Ownership Trends for MTGE Investment Corp.
Who sold MTGE Investment Corp stock? Who is selling MTGE Investment Corp stock?
MTGE Investment Corp's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Credit Suisse AG, Whitebox Advisors LLC, Goldman Sachs Group Inc., Morgan Stanley, American Century Companies Inc., Acadian Asset Management LLC and Boston Partners. Company insiders that have sold MTGE Investment Corp stock in the last year include Donald Holley, Gary D Kain and Peter J Federico. View Insider Buying and Selling for MTGE Investment Corp.
Who bought MTGE Investment Corp stock? Who is buying MTGE Investment Corp stock?
MTGE Investment Corp's stock was bought by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Global X Management Co. LLC, Vanguard Group Inc., UBS Group AG, Clough Capital Partners L P, BNP Paribas Arbitrage SA, First Trust Advisors LP and State Street Corp. View Insider Buying and Selling for MTGE Investment Corp.
How do I buy MTGE Investment Corp stock?
Shares of MTGE Investment Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is MTGE Investment Corp's stock price today?
MarketBeat Community Rating for MTGE Investment Corp (NASDAQ MTGE)MarketBeat's community ratings are surveys of what our community members think about MTGE Investment Corp and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of MTGE Investment Corp stock can currently be purchased for approximately $18.05.
Earnings History for MTGE Investment Corp (NASDAQ:MTGE)Earnings History by Quarter for MTGE Investment Corp (NASDAQ:MTGE)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|5/3/2017||Q1 2017||$0.46||$0.49||$26.47 million||$23.59 million||View||Listen|
|2/8/2017||Q416||$0.45||$0.50||$27.62 million||$29.30 million||View||Listen|
|11/2/2016||Q316||$0.43||$0.48||$28.60 million||$25.51 million||View||Listen|
|4/27/2016||Q116||$0.49||($0.48)||$35.45 million||$27.49 million||View||Listen|
|2/3/2016||Q415||$0.46||($0.13)||$43.65 million||$35.85 million||View||N/A|
|10/28/2015||Q315||$0.46||$0.48||$43.65 million||$32.23 million||View||Listen|
|7/29/2015||Q2||$0.50||($0.80)||$43.65 million||$37.78 million||View||Listen|
|4/29/2015||Q115||$0.58||$0.49||$43.65 million||$37.45 million||View||Listen|
|2/4/2015||Q414||$0.67||$0.67||$43.65 million||$35.56 million||View||Listen|
|10/29/2014||Q314||$0.69||$0.48||$42.49 million||$37.24 million||View||Listen|
|7/30/2014||Q214||$0.62||$0.72||$45.36 million||$39.80 million||View||N/A|
|4/30/2014||Q114||$0.64||$0.62||$68.16 million||$42.15 million||View||Listen|
|2/6/2014||Q413||$0.66||($0.33)||$56.91 million||$59.03 million||View||Listen|
|7/31/2013||Q213||$0.81||($0.94)||$54.45 million||$54.80 million||View||Listen|
|5/6/2013||Q113||$0.81||$0.50||$41.78 million||$43.50 million||View||Listen|
|2/11/2013||Q412||$0.87||$1.40||$36.79 million||$41.48 million||View||Listen|
Earnings Estimates for MTGE Investment Corp (NASDAQ:MTGE)
Current Year EPS Consensus Estimate: $1.90 EPS
Next Year EPS Consensus Estimate: $1.80 EPS
Current Dividend Information for MTGE Investment Corp (NASDAQ:MTGE)
|Most Recent Dividend:||4/27/2017|
|Payout Ratio:||186.05% (Trailing 12 Months of Earnings) |
84.21% (Based on This Year's Estimates)
88.89% (Based on Next Year's Estimates)
Dividend History by Quarter for MTGE Investment Corp (NASDAQ:MTGE)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for MTGE Investment Corp (NASDAQ:MTGE)
Insider Ownership Percentage: 0.67%Insider Trades by Quarter for MTGE Investment Corp (NASDAQ:MTGE)
Institutional Ownership Percentage: 63.81%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|3/10/2017||Donald Holley||SVP||Buy||19,633||$15.96||$313,342.68|| |
|8/24/2016||Donald Holley||SVP||Sell||303||$17.26||$5,229.78|| |
|8/24/2016||Gary D. Kain||CEO||Sell||1,328||$17.22||$22,868.16|| |
|8/24/2016||Peter J. Federico||CFO||Sell||545||$17.22||$9,384.90|| |
|7/5/2016||Donald Holley||SVP||Sell||8,528||$15.61||$133,122.08|| |
|7/5/2016||Gary D. Kain||CEO||Sell||53,598||$15.61||$836,664.78|| |
|7/5/2016||Peter J. Federico||CFO||Sell||21,970||$15.61||$342,951.70|| |
|3/31/2016||Christopher Kuehl||VP||Sell||912||$14.40||$13,132.80|| |
|3/31/2016||Peter J Federico||SVP||Sell||662||$14.40||$9,532.80|| |
|3/10/2016||Christopher Kuehl||VP||Sell||2,131||$14.03||$29,897.93|| |
|3/10/2016||Peter J Federico||SVP||Sell||1,531||$13.97||$21,388.07|| |
|3/8/2016||Christopher Kuehl||VP||Sell||1,503||$14.28||$21,462.84|| |
|3/8/2016||Donald Holley||SVP||Sell||752||$14.25||$10,716.00|| |
|3/1/2016||Aaron Pas||SVP||Sell||412||$13.65||$5,623.80|| |
|2/23/2016||Peter J Federico||SVP||Sell||743||$13.34||$9,911.62|| |
|5/26/2015||Morris A Davis||Director||Sell||1,437||$17.27||$24,816.99|| |
|3/9/2015||Peter J Federico||SVP||Sell||1,337||$18.07||$24,159.59|| |
|2/10/2015||Morris A Davis||Director||Sell||2,500||$18.38||$45,950.00|| |
|12/2/2013||Larry Harvey||Director||Buy||2,000||$18.70||$37,400.00|| |
|11/12/2013||Larry Harvey||Director||Buy||2,000||$19.29||$38,580.00|| |
|11/1/2013||Peter J Federico||SVP||Buy||2,500||$19.27||$48,175.00|| |
|8/12/2013||Morris Davis||Director||Sell||1,000||$20.22||$20,220.00|| |
|8/1/2013||Gary D Kain||Insider||Buy||25,000||$19.65||$491,250.00|| |
|6/4/2013||John R Erickson||Director||Buy||3,000||$20.72||$62,160.00|| |
|2/15/2013||John R Erickson||Director||Buy||3,000||$25.95||$77,850.00|| |
|2/14/2013||Malon Wilkus||CEO||Buy||9,630||$25.97||$250,091.10|| |
|12/10/2012||Alvin N Puryear||Director||Buy||1,500||$25.55||$38,325.00|| |
|12/4/2012||Malon Wilkus||CEO||Buy||3,910||$25.60||$100,096.00|| |
|11/13/2012||Gary D Kain||Insider||Buy||25,000||$23.52||$588,000.00|| |
|11/13/2012||Samuel Allan Flax||EVP||Buy||2,500||$23.39||$58,475.00|| |
Headline Trends for MTGE Investment Corp (NASDAQ:MTGE)
Latest Headlines for MTGE Investment Corp (NASDAQ:MTGE)
MTGE Investment Corp (MTGE) Chart for Monday, May, 29, 2017