American Capital Mortgage Investment Corp. (NASDAQ:MTGE) shares hit a new 52-week high during trading on Friday . The stock traded as high as $16.40 and last traded at $16.36, with a volume of 385,679 shares traded. The stock had previously closed at $16.31.

Several research analysts have commented on MTGE shares. Zacks Investment Research upgraded shares of American Capital Mortgage Investment Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, June 29th. Credit Suisse Group AG lowered shares of American Capital Mortgage Investment Corp. from an “outperform” rating to a “neutral” rating in a report on Wednesday, June 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $17.21.

The firm has a 50 day moving average price of $15.81 and a 200-day moving average price of $14.65. The firm’s market cap is $747.70 million.

American Capital Mortgage Investment Corp. (NASDAQ:MTGE) last posted its earnings results on Wednesday, April 27th. The real estate investment trust reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by $0.97. The company had revenue of $27.49 million for the quarter, compared to analysts’ expectations of $35.45 million. During the same period in the previous year, the business posted $0.59 earnings per share. The business’s quarterly revenue was down 26.6% compared to the same quarter last year. On average, analysts anticipate that American Capital Mortgage Investment Corp. will post $2.68 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 27th. Investors of record on Thursday, June 30th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.79%. The ex-dividend date of this dividend is Tuesday, June 28th.

In related news, CEO Gary D. Kain sold 53,598 shares of the firm’s stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $15.61, for a total value of $836,664.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Donald Holley sold 8,528 shares of the firm’s stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $15.61, for a total transaction of $133,122.08. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have bought and sold shares of the company. California State Teachers Retirement System raised its position in American Capital Mortgage Investment Corp. by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 94,791 shares of the real estate investment trust’s stock worth $1,323,000 after buying an additional 1,436 shares during the period. Boston Partners raised its position in American Capital Mortgage Investment Corp. by 4.4% in the fourth quarter. Boston Partners now owns 502,173 shares of the real estate investment trust’s stock valued at $7,010,000 after buying an additional 21,307 shares during the last quarter. Finally, Whitebox Advisors LLC raised its position in American Capital Mortgage Investment Corp. by 10.9% in the fourth quarter. Whitebox Advisors LLC now owns 1,210,855 shares of the real estate investment trust’s stock valued at $16,904,000 after buying an additional 119,167 shares during the last quarter.

American Capital Mortgage Investment Corp. is a mortgage real estate investment trust (REIT) that invests in, finances and manages a leveraged portfolio of mortgage-related investments, including agency residential mortgage-backed securities (RMBS), non-agency mortgage investments and other mortgage-related investments.

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