Van ECK Associates Corp increased its stake in American Capital Mortgage Investment Corp. (NASDAQ:MTGE) by 11.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 202,575 shares of the real estate investment trust’s stock after buying an additional 20,264 shares during the quarter. Van ECK Associates Corp owned about 0.44% of American Capital Mortgage Investment Corp. worth $3,808,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hilton Capital Management LLC bought a new stake in American Capital Mortgage Investment Corp. in the second quarter worth $202,000. ClariVest Asset Management LLC lifted its position in 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 during the last quarter. Virginia Retirement Systems ET AL bought a new stake in American Capital Mortgage Investment Corp. in the first quarter worth $459,000. American International Group Inc. lifted its position in American Capital Mortgage Investment Corp. by 7.2% in the first quarter. American International Group Inc. now owns 28,366 shares of the real estate investment trust’s stock worth $475,000 after buying an additional 1,907 shares during the last quarter. Finally, Caxton Associates LP bought a new stake in American Capital Mortgage Investment Corp. in the first quarter worth $498,000. Institutional investors own 73.92% of the company’s stock.

Shares of American Capital Mortgage Investment Corp. (MTGE) opened at 19.80 on Monday. The company has a market capitalization of $906.78 million, a P/E ratio of 8.91 and a beta of 0.48. The company has a 50-day moving average price of $19.15 and a 200-day moving average price of $18.21. American Capital Mortgage Investment Corp. has a 12 month low of $15.40 and a 12 month high of $19.90.

American Capital Mortgage Investment Corp. (NASDAQ:MTGE) last issued its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.06. The company had revenue of $23.39 million during the quarter, compared to analysts’ expectations 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 firm’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the business earned $0.85 EPS. On average, analysts forecast that American Capital Mortgage Investment Corp. will post $2.11 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, September 29th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 9.09%. The ex-dividend date of this dividend is Thursday, September 28th. American Capital Mortgage Investment Corp.’s payout ratio is currently 81.08%.

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A number of analysts recently issued reports on MTGE shares. BidaskClub downgraded American Capital Mortgage Investment Corp. from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 16th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $20.00 price target on shares of American Capital Mortgage Investment Corp. in a research report on Friday, August 4th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $20.00.

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.

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

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