In a report released today, Bose George from KBW downgraded American Capital Mortgage (NASDAQ: MTGE) to Hold. The company’s shares closed on Friday at $19.60, close to its 52-week high of $20.
According to TipRanks.com, George is a 5-star analyst with an average return of 12.8% and a 69.4% success rate. George covers the Financial sector, focusing on stocks such as Chimera Investment Corp, PennyMac Financial, and CYS Investments.
Currently, the analyst consensus on American Capital Mortgage is Hold and the average price target is $19.75, representing a 0.8% upside.
In a report issued on May 4, Maxim Group also downgraded the stock to Hold with a $19.75 price target.
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American Capital Mortgage’s market cap is currently $897.6M and has a P/E ratio of 9.29. The company has a Price to Book ratio of 0.99.
Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
MTGE Investment Corp. is a mortgage real estate investment trust. It invests in agency mortgage-backed securities, non-agency mortgage investments, and other real estate-related assets, including skilled nursing and senior living facilities operated by third parties.
