California Public Employees Retirement System increased its holdings in shares of MTGE Investment Corp. (NASDAQ:MTGE) by 3.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 215,661 shares of the real estate investment trust’s stock after acquiring an additional 7,961 shares during the period. California Public Employees Retirement System’s holdings in MTGE Investment were worth $4,184,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in MTGE Investment during the 3rd quarter worth approximately $171,000. Advisor Group Inc. grew its position in MTGE Investment by 62.2% during the 3rd quarter. Advisor Group Inc. now owns 9,383 shares of the real estate investment trust’s stock worth $183,000 after acquiring an additional 3,598 shares during the last quarter. AMP Capital Investors Ltd bought a new stake in MTGE Investment during the 3rd quarter worth approximately $208,000. Invictus RG grew its position in MTGE Investment by 92.9% during the 3rd quarter. Invictus RG now owns 17,647 shares of the real estate investment trust’s stock worth $342,000 after acquiring an additional 8,499 shares during the last quarter. Finally, Sei Investments Co. grew its position in MTGE Investment by 64.3% during the 3rd quarter. Sei Investments Co. now owns 43,903 shares of the real estate investment trust’s stock worth $852,000 after acquiring an additional 17,176 shares during the last quarter. Institutional investors and hedge funds own 74.49% of the company’s stock.

A number of equities research analysts recently commented on MTGE shares. BidaskClub upgraded MTGE Investment from a “sell” rating to a “hold” rating in a research report on Friday, December 29th. Maxim Group increased their price target on MTGE Investment from $20.50 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $20.00 price objective on shares of MTGE Investment in a research report on Thursday, September 14th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $20.50.

MTGE Investment Corp. (NASDAQ MTGE) opened at $18.10 on Thursday. The company has a market capitalization of $828.94, a price-to-earnings ratio of 10.06 and a beta of 0.45. The company has a debt-to-equity ratio of 4.05, a current ratio of 0.82 and a quick ratio of 0.82. MTGE Investment Corp. has a 12-month low of $15.50 and a 12-month high of $20.00.

MTGE Investment (NASDAQ:MTGE) last announced its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.50 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.05). The firm had revenue of $21.54 million during the quarter, compared to the consensus estimate of $31.36 million. MTGE Investment had a net margin of 89.01% and a return on equity of 10.52%. The firm’s quarterly revenue was down 15.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.48 earnings per share.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 9th. Shareholders of record on Friday, December 29th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 11.05%. This is a positive change from MTGE Investment’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, December 28th. MTGE Investment’s dividend payout ratio (DPR) is presently 111.11%.

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MTGE Investment 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 MTGE Investment (NASDAQ:MTGE)

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