LSV Asset Management Increases Stake in MTGE Investment Corp. (MTGE)
LSV Asset Management increased its stake in shares of MTGE Investment Corp. (NASDAQ:MTGE) by 10.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,068,115 shares of the real estate investment trust’s stock after purchasing an additional 104,651 shares during the quarter. LSV Asset Management’s holdings in MTGE Investment were worth $19,760,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. State Street Corp grew its holdings in MTGE Investment by 9.5% during the second quarter. State Street Corp now owns 1,232,032 shares of the real estate investment trust’s stock worth $23,165,000 after acquiring an additional 106,651 shares during the period. Boston Partners grew its holdings in MTGE Investment by 11.5% during the third quarter. Boston Partners now owns 685,604 shares of the real estate investment trust’s stock worth $13,301,000 after acquiring an additional 70,973 shares during the period. Ameriprise Financial Inc. grew its holdings in MTGE Investment by 16.2% during the third quarter. Ameriprise Financial Inc. now owns 187,514 shares of the real estate investment trust’s stock worth $3,638,000 after acquiring an additional 26,200 shares during the period. KAMES CAPITAL plc grew its holdings in MTGE Investment by 387.5% during the fourth quarter. KAMES CAPITAL plc now owns 114,425 shares of the real estate investment trust’s stock worth $2,117,000 after acquiring an additional 90,952 shares during the period. Finally, Allianz Asset Management GmbH grew its holdings in MTGE Investment by 8.6% during the third quarter. Allianz Asset Management GmbH now owns 297,909 shares of the real estate investment trust’s stock worth $5,780,000 after acquiring an additional 23,494 shares during the period. 74.18% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently commented on the company. BidaskClub raised MTGE Investment from a “strong sell” rating to a “sell” rating in a report on Monday. Maxim Group raised their target price on MTGE Investment from $20.50 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $20.50.
MTGE Investment (NASDAQ:MTGE) last posted its earnings results on Monday, February 5th. The real estate investment trust reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. The firm had revenue of $22.60 million for the quarter, compared to analyst estimates of $32.17 million. MTGE Investment had a return on equity of 10.53% and a net margin of 177.04%. MTGE Investment’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the company earned $0.50 earnings per share.
MTGE Investment 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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