American Capital Mortgage Investment Crp (MTGE) was Reiterated by Wunderlich to “Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 17 from a previous price target of $15 . Wunderlich advised their investors in a research report released on Aug 2, 2016.
On the company’s financial health, American Capital Mortgage Investment Crp reported $0.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.44 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $0.41.Analysts expectations of $ 28.58.During the same quarter in the previous year, the company posted $-0.80 EPS.
American Capital Mortgage Investment Crp closed down -0.05 points or -0.30% at $16.36 with 2,65,942 shares getting traded on Friday. Post opening the session at $16.38, the shares hit an intraday low of $16.28 and an intraday high of $16.49 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Jul 7, 2016, Aaron Pas (SVP) sold 20,261 shares at $15.61 per share price. According to the SEC, on Jul 7, 2016, Gary D Kain (Dir., CEO, President and CIO) sold 53,598 shares at $15.61 per share price. On Jul 7, 2016, Donald Holley (SVP and Chief Accounting Off) sold 8,528 shares at $15.61 per share price, according to the Form-4 filing with the securities and exchange commission.
American Capital Mortgage Investment Corp. is a mortgage real estate investment trust (REIT) that invests in finances and manages a leveraged portfolio of mortgage-related investments including agency residential mortgage-backed securities (RMBS) non-agency mortgage investments and other mortgage-related investments. The Company invests in residential mortgage pass-through certificates collateralized mortgage obligations mortgage servicing rights (MSR) mortgage REIT equity securities commercial mortgage-backed securities commercial mortgage loans and mortgage-related derivatives. The Company’s subsidiary Residential Credit Solutions Inc. holds and manages MSR and residential mortgage loans. American Capital MTGE Management LLC is an indirect subsidiary of American Capital Asset Management LLC which is a portfolio company of American Capital Ltd.