Shares of American Capital Mortgage Investment Corp. (NASDAQ:MTGE) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $17.62 and last traded at $17.48, with a volume of 211,503 shares traded. The stock had previously closed at $17.55.

Several research firms have recently issued reports on MTGE. Zacks Investment Research raised American Capital Mortgage Investment Corp. from a “sell” rating to a “hold” rating in a report on Friday, August 5th. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $15.50 price objective on shares of American Capital Mortgage Investment Corp. in a research note on Tuesday, August 2nd. Wunderlich raised their price objective on American Capital Mortgage Investment Corp. from $15.00 to $17.00 and gave the company a “hold” rating in a research note on Tuesday, August 2nd. Keefe, Bruyette & Woods set a $17.50 price objective on American Capital Mortgage Investment Corp. and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Finally, Deutsche Bank AG set a $17.50 price objective on American Capital Mortgage Investment Corp. and gave the company a “hold” rating in a research note on Wednesday, August 3rd. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. American Capital Mortgage Investment Corp. has a consensus rating of “Hold” and an average price target of $17.08.

The stock’s market capitalization is $801.91 million. The company’s 50-day moving average is $16.17 and its 200-day moving average is $14.96.

American Capital Mortgage Investment Corp. (NASDAQ:MTGE) last issued its earnings results on Monday, August 1st. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.44. During the same period in the prior year, the business earned ($0.80) earnings per share. Analysts anticipate that American Capital Mortgage Investment Corp. will post $2.68 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 27th. Investors of record on Thursday, June 30th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, June 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.12%.

In related news, CFO Peter J. Federico sold 21,970 shares of the business’s stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $15.61, for a total transaction of $342,951.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gary D. Kain sold 53,598 shares of the business’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 disclosure for this sale can be found here.

An institutional investor recently raised its position in American Capital Mortgage Investment Corp. stock. California State Teachers Retirement System increased its position in shares of American Capital Mortgage Investment Corp. (NASDAQ:MTGE) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,791 shares of the real estate investment trust’s stock after buying an additional 1,436 shares during the period. California State Teachers Retirement System owned about 0.19% of American Capital Mortgage Investment Corp. worth $1,323,000 as of its most recent filing with the SEC.

American Capital Mortgage Investment Corp. is a real estate investment trust. The Company invests in, finances and manages a portfolio of real estate-related investments, which the Company defines to include agency residential mortgage-backed securities, non-agency mortgage investments, other mortgage-related investments and other real estate investments.

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