American Capital Mortgage Investment Crp (NASDAQ: MTGE) had its target price trimmed by Deutsche Bank from $29.50 to $27.75 in a report issued on Wednesday. They currently have a buy rating on the stock.
“On February 12, MTGE priced a secondary offering of 20 million shares, raising approximately $505 million in net proceeds. Given management’s comments we believe BV is likely down by 2% since yearend. We estimate pro forma post-deal book value is roughly $25.25 per share, down from $25.74 per share at 12/31.,” the firm’s analyst commented.
Other equities research analysts have also recently issued reports about the stock. Analysts at Maxim Group raised their price target on shares of American Capital Mortgage Investment Crp from $27.50 to $29.00 in a research note to investors on Tuesday. They now have a buy rating on the stock. Analysts at Zacks upgraded shares of American Capital Mortgage Investment Crp from an underperform rating to a neutral rating in a research note to investors on Tuesday, January 8th. They now have a $25.70 price target on the stock.
Nine equities research analysts have rated the stock with a buy rating, and one has given a hold rating to the company’s stock. The company presently has a consensus rating of buy and an average target price of $27.42.
Shares of American Capital Mortgage Investment Crp traded down 0.35% during mid-day trading on Wednesday, hitting $25.88. American Capital Mortgage Investment Crp has a 52 week low of $21.25 and a 52 week high of $26.71. The stock’s 50-day moving average is currently $25.43. The company has a market cap of $930.7 million and a P/E ratio of 2.92.
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