MTGE Investment Corp (NASDAQ:MTGE) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 9, 2016
Zacks Investment Research has downgraded MTGE Investment Corp (NASDAQ:MTGE) to Hold in a statement released on 10/05/2016.
On 8/16/2016, Zacks Investment Research released a statement for MTGE Investment Corp (NASDAQ:MTGE) bumped up the target price from $0.00 to $19.00 that suggested an upside of 0.10%.
Boasting a price of $17.19, MTGE Investment Corp (NASDAQ:MTGE) traded 0.37% higher on the day. With the last stock price close up 2.73% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. MTGE Investment Corp has recorded a 50-day average of $17.19 and a two hundred day average of $16.02. Volume of trade was down over the average, with 338,662 shares of MTGE changing hands under the typical 379,740
With a total market value of $0, MTGE Investment Corp has with a one year low of $12.01 and a one year high of $17.77 .
Brief Synopsis About MTGE Investment Corp (NASDAQ:MTGE)
MTGE Investment Corp., formerly American Capital Mortgage Investment Corp., is a hybrid mortgage real estate investment trust. The Company invests in, finances and manages a portfolio of real estate-related investments, which the Company defines to include agency residential mortgage-backed securities, non-agency mortgage investments, other mortgage-related investments and other real estate investments. Its objective is to generate attractive risk-adjusted returns for distribution to its stockholders over the long-term through a combination of dividends and net book value appreciation. The Company invests in agency RMBS issued by Federal National Mortgage Association and Federal Home Loan Mortgage Corporation. Its other real estate investments may include equity investments in healthcare and independent living facilities, and debt investments. The Company is externally-managed by a subsidiary of AGNC Investment Corp.
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