News coverage about MTGE Investment (NASDAQ:MTGE) has been trending somewhat positive this week, Accern Sentiment reports. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. MTGE Investment earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.3696084936961 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- One Stock with Low Beta value: MTGE Investment Corp. (MTGE) (wallstreetinvestorplace.com)
- MTGE Investment Corp. (MTGE) Ex-Dividend Date Scheduled for March 28, 2018 (nasdaq.com)
- MTGE Investment (MTGE) Stock Rating Lowered by BidaskClub (americanbankingnews.com)
- BidaskClub Upgrades MTGE Investment (MTGE) to “Buy” (americanbankingnews.com)
- MTGE Investment (MTGE) Downgraded by BidaskClub (americanbankingnews.com)
Separately, BidaskClub upgraded MTGE Investment from a “hold” rating to a “buy” rating in a report on Tuesday, March 27th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $20.50.
MTGE Investment (NASDAQ:MTGE) last posted its quarterly earnings results on Monday, February 5th. The real estate investment trust reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. MTGE Investment had a return on equity of 10.44% and a net margin of 177.04%. The business had revenue of $22.60 million during the quarter, compared to analysts’ expectations of $32.17 million. During the same quarter last year, the company posted $0.50 earnings per share. MTGE Investment’s quarterly revenue was up 5.1% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 9th. Stockholders of record on Thursday, March 29th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.17%. The ex-dividend date is Wednesday, March 28th.
In other news, SVP Christopher Kuehl sold 3,589 shares of the business’s stock in a transaction that occurred on Monday, March 19th. The stock was sold at an average price of $17.76, for a total transaction of $63,740.64. Following the completion of the sale, the senior vice president now owns 91,150 shares in the company, valued at $1,618,824. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.08% of the company’s stock.
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About MTGE Investment
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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