Legal & General Group Plc decreased its stake in American Capital Mortgage Investment Corp. (NASDAQ:MTGE) by 1.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,461 shares of the real estate investment trust’s stock after selling 260 shares during the period. Legal & General Group Plc’s holdings in American Capital Mortgage Investment Corp. were worth $226,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP boosted its position in American Capital Mortgage Investment Corp. by 19.3% in the first quarter. Wellington Management Group LLP now owns 2,726,456 shares of the real estate investment trust’s stock valued at $45,668,000 after buying an additional 441,008 shares during the last quarter. Prudential Financial Inc. boosted its position in American Capital Mortgage Investment Corp. by 25.6% in the first quarter. Prudential Financial Inc. now owns 506,242 shares of the real estate investment trust’s stock valued at $8,479,000 after buying an additional 103,200 shares during the last quarter. Martingale Asset Management L P boosted its position in American Capital Mortgage Investment Corp. by 1.3% in the first quarter. Martingale Asset Management L P now owns 302,678 shares of the real estate investment trust’s stock valued at $5,070,000 after buying an additional 3,896 shares during the last quarter. Wells Fargo & Company MN boosted its position in American Capital Mortgage Investment Corp. by 26.4% in the first quarter. Wells Fargo & Company MN now owns 295,835 shares of the real estate investment trust’s stock valued at $4,955,000 after buying an additional 61,753 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in American Capital Mortgage Investment Corp. by 10.5% in the first quarter. Bank of New York Mellon Corp now owns 239,069 shares of the real estate investment trust’s stock valued at $4,005,000 after buying an additional 22,772 shares during the last quarter. Institutional investors and hedge funds own 74.13% of the company’s stock.

American Capital Mortgage Investment Corp. (NASDAQ MTGE) traded down 0.57% during trading on Friday, hitting $19.04. The stock had a trading volume of 68,362 shares. American Capital Mortgage Investment Corp. has a 52-week low of $15.40 and a 52-week high of $19.65. The firm has a market cap of $871.97 million, a P/E ratio of 8.57 and a beta of 0.48. The company has a 50-day moving average of $18.91 and a 200 day moving average of $17.61.

American Capital Mortgage Investment Corp. (NASDAQ:MTGE) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.06. The firm had revenue of $23.39 million during the quarter, compared to analyst estimates of $27.29 million. American Capital Mortgage Investment Corp. had a return on equity of 10.40% and a net margin of 104.38%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 earnings per share. On average, equities research analysts predict that American Capital Mortgage Investment Corp. will post $2.10 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 27th. Stockholders of record on Friday, June 30th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.40%. American Capital Mortgage Investment Corp.’s payout ratio is 81.08%.

ILLEGAL ACTIVITY NOTICE: “American Capital Mortgage Investment Corp. (NASDAQ:MTGE) Stake Reduced by Legal & General Group Plc” was originally posted by Daily Political and is the property of of Daily Political. If you are viewing this news story on another domain, it was stolen and republished in violation of U.S. and international copyright laws. The original version of this news story can be accessed at https://www.dailypolitical.com/2017/08/11/american-capital-mortgage-investment-corp-nasdaqmtge-stake-reduced-by-legal-general-group-plc.html.

Several equities analysts recently commented on MTGE shares. Keefe, Bruyette & Woods restated a “buy” rating and set a $20.00 target price on shares of American Capital Mortgage Investment Corp. in a research report on Friday, August 4th. Maxim Group restated a “buy” rating and set a $20.00 target price on shares of American Capital Mortgage Investment Corp. in a research report on Friday, May 5th. Zacks Investment Research upgraded American Capital Mortgage Investment Corp. from a “hold” rating to a “strong-buy” rating and set a $20.00 target price for the company in a research report on Saturday, May 6th. Citigroup Inc. restated a “neutral” rating on shares of American Capital Mortgage Investment Corp. in a research report on Thursday, May 11th. Finally, BidaskClub cut American Capital Mortgage Investment Corp. from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 16th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. American Capital Mortgage Investment Corp. presently has a consensus rating of “Buy” and an average price target of $18.70.

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.

Want to see what other hedge funds are holding MTGE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Capital Mortgage Investment Corp. (NASDAQ:MTGE).

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

Receive News & Ratings for American Capital Mortgage Investment Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Capital Mortgage Investment Corp. and related companies with MarketBeat.com's FREE daily email newsletter.