Maxim Group reaffirmed their buy rating on shares of MTGE Investment Corp (NASDAQ:MTGE) in a research note released on Monday, May 15th, StockTargetPrices.com reports. Maxim Group currently has a $20.00 target price on the real estate investment trust’s stock.
A number of other equities analysts have also recently weighed in on the company. Citigroup Inc reissued a neutral rating on shares of MTGE Investment Corp in a report on Thursday, May 11th. Zacks Investment Research raised MTGE Investment Corp from a hold rating to a strong-buy rating and set a $20.00 price target for the company in a report on Saturday, May 6th. Wells Fargo & Co raised MTGE Investment Corp from a market perform rating to an outperform rating in a report on Thursday, May 4th. They noted that the move was a valuation call. Finally, Keefe, Bruyette & Woods reissued a buy rating and issued a $18.00 price target on shares of MTGE Investment Corp in a report on Monday, April 10th. Four investment 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 stock. The company currently has an average rating of Buy and a consensus price target of $18.00.
MTGE Investment Corp (NASDAQ MTGE) opened at 18.55 on Monday. MTGE Investment Corp has a 1-year low of $15.23 and a 1-year high of $18.75. The stock has a market cap of $849.53 million, a P/E ratio of 8.58 and a beta of 0.43. The company’s 50-day moving average price is $17.92 and its 200-day moving average price is $16.78. MTGE Investment Corp (NASDAQ:MTGE) last released its quarterly earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.03. MTGE Investment Corp had a return on equity of 9.12% and a net margin of 40.37%. The company had revenue of $23.59 million during the quarter, compared to analysts’ expectations of $26.47 million. During the same period in the previous year, the firm posted $0.44 earnings per share. The business’s revenue for the quarter was down 14.2% compared to the same quarter last year. Analysts predict that MTGE Investment Corp will post $1.90 EPS for the current year.
In other MTGE Investment Corp news, SVP Donald Holley acquired 19,633 shares of the stock in a transaction dated Friday, March 10th. The stock was acquired at an average price of $15.96 per share, with a total value of $313,342.68. Following the completion of the transaction, the senior vice president now directly owns 9,208 shares in the company, valued at $146,959.68. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.67% of the stock is owned by insiders. A number of large investors have recently bought and sold shares of MTGE. Creative Planning increased its stake in MTGE Investment Corp by 76.8% in the first quarter. Creative Planning now owns 11,753 shares of the real estate investment trust’s stock worth $197,000 after buying an additional 5,105 shares during the period. Nisa Investment Advisors LLC purchased a new stake in MTGE Investment Corp during the first quarter worth about $204,000. Weiss Asset Management LP purchased a new stake in MTGE Investment Corp during the third quarter worth about $222,000. BlackRock Inc. increased its stake in MTGE Investment Corp by 9.9% in the third quarter. BlackRock Inc. now owns 14,803 shares of the real estate investment trust’s stock worth $254,000 after buying an additional 1,336 shares during the period. Finally, ClariVest Asset Management LLC increased its stake in MTGE 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 period. 63.81% of the stock is owned by hedge funds and other institutional investors.