KBW Reiterates a Buy Rating on American Capital Mortgage

By Jason Carr

KBW analyst Bose George reiterated a Buy rating on American Capital Mortgage (NASDAQ: MTGE) on September 12 and set a price target of $20. The company’s shares opened today at $18.80.

According to TipRanks.com, George is a 5-star analyst with an average return of 14.1% and a 71.0% success rate. George covers the Financial sector, focusing on stocks such as Federal Home Loan Mortgage Corporation, Fidelity National Financial Ventures, and Stewart Information Services Corp.

American Capital Mortgage has an analyst consensus of Moderate Buy, with a price target consensus of $20.25.

Based on American Capital Mortgage’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $58.02 million and quarterly net profit of $42.62 million. In comparison, last year the company earned revenue of $33.49 million and had a net profit of $40.13 million.

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MTGE Investment Corp. is a mortgage real estate investment trust. It is engaged in the investment and management of leveraged portfolios of agency, non-agency and other mortgage-related investments.