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American Capital Mortgage Investment Corp Posts The Worst Quarter In Its Short History
Albert Alfonso • Mon, May 6 • 8 Comments
Short Armour And Long American Capital: mREIT Pair Trade
Todd Johnson • Mon, Apr 8 • 64 Comments
American Capital Mortgage Offers A 14% Yield And A 2% Discount To Book Value
Albert Alfonso • Tue, Mar 26 • 11 Comments
41% Total Return With American Capital Mortgage Investment Corp.
Norman Tweed • Thu, Feb 14 • 37 Comments
14% Dividend Payer American Capital Mortgage Investment Returned 41% In 2012
David White • Wed, Feb 13 • 35 Comments
American Capital Mortgage: 15.5% Yield And Lower Prepayments Than Annaly
Saibus Research • Mon, Nov 26, 2012 • 17 Comments
American Capital Mortgage Investment: 14% Yield, Lower Prepayments Than American Capital Agency
Saibus Research • Thu, Nov 8, 2012 • 13 Comments
Invest In Homes With American Capital Mortgage Investment Corp.
Norman Tweed • Sun, Sep 2, 2012 • 52 Comments
One Year Of American Capital Mortgage Investment Corp.
Jaded Consumer • Wed, Aug 8, 2012 • 8 Comments
American Capital Mortgage: 14.6% Dividend Yield And The Lowest CPR Prepayments Amongst mREITs
Saibus Research • Wed, Aug 8, 2012 • 4 Comments
American Capital Mortgage Has A Great Dividend And Huge Institutional Buying
David White • Wed, Jul 11, 2012 • 25 Comments
Take Advantage Of American Capital Mortgage's 15% Yield
Saibus Research • Tue, Jul 3, 2012 • 12 Comments
Understanding American Capital Mortgage's New Offering
Jaded Consumer • Thu, May 31, 2012 • 19 Comments
Raising Your Equity At American Capital Mortgage
Jaded Consumer • Tue, May 22, 2012 • 19 Comments
Having Your Cake And Eating It Too At American Capital Mortgage
Jaded Consumer • Wed, May 9, 2012 • 3 Comments
A Look Inside American Capital Mortgage
Bear Fight • Wed, May 9, 2012 • 3 Comments
Is American Capital Mortgage's 16% Yield A Substitute For Agency mREITs?
Norman Tweed • Mon, Apr 30, 2012 • 109 Comments
A Deeper Look At American Capital Mortgage
Bear Fight • Tue, Apr 17, 2012 • 6 Comments
Understand Dilution Vs. Accretion At American Capital's Managed Funds
Jaded Consumer • Thu, Mar 22, 2012 • 26 Comments
American Capital Mortgage: Experienced Management Will Benefit Investors
Mike Maher • Wed, Mar 14, 2012 • 10 Comments

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American Capital Agency's Dividend Cut Is Good News For mREIT Investors
CorvetteKid • Wed, Jun 19 • 61 Comments
American Capital Agency's Q2 2013 Dividend Compared To Its Peers
Scott Kennedy • Mon, Jun 17 • 134 Comments
The Mortgage REIT Business Doesn't Work ...
Valuentum • Fri, Jun 14 • 106 Comments
American Capital Agency: What Now?
Christopher F. Davis • Wed, Jun 12 • 39 Comments
American Capital: A Unique BDC With No Dividend And A Large Buyback Program
Albert Alfonso • Fri, Jun 7 • 21 Comments
Fed Chairman's Recent Testimony And FOMC Minutes And Impact On American Capital Agency Corp. And American Capital Mortgage Investment Corp. (Part 2)
Scott Kennedy • Thu, May 30 • 76 Comments
My Wife's IRA: What Next To Buy, And Why? - May, 2013
J.D. Welch • Thu, May 30 • 12 Comments
American Capital Agency And Mortage REITs Post-Memorial Day Sale
CorvetteKid • Wed, May 29 • 138 Comments
American Capital Agency: Time To Abandon Ship?
Christopher F. Davis • Mon, May 27 • 126 Comments
All About Book Value? How It's Affecting Your Mortgage REIT
Christopher F. Davis • Mon, May 20 • 14 Comments
American Capital Is Still A Very Attractive Investment
Philip Mause • Wed, May 15 • 13 Comments
mREITs During Q1: More Bad News, But A Few Winners Emerge
T. C. • Mon, May 13 • 72 Comments
Annaly Capital: Don't Be Fooled By The Super High Yield
Being Unordinary • Mon, May 13 • 29 Comments
10 Top Real Estate Dogs Run Down 14.3% To 24.4% Gains In April
Fredrik Arnold • Mon, May 13 • 6 Comments
Are You Ready For The 2013 Obamacare Investment Tax?
Mike the PhD • Fri, May 3 • 82 Comments
Mortgage REIT Investors Should Ignore Regulatory Static From Washington
CorvetteKid • Wed, Apr 24 • 45 Comments
15.3% Dividend Yield Makes This mREIT Attractive
Todd Johnson • Sun, Apr 21 • 61 Comments
Mortgage REITs: The Good, The Bad And The Maybe?
BDC Buzz • Wed, Apr 10 • 44 Comments
Linn Energy - A Stock To Buy With REIT Dividends
Norman Tweed • Mon, Apr 8 • 83 Comments
Best mREITs As Mortgage Rates Rise
T. C. • Wed, Apr 3 • 20 Comments

American Capital Mortgage CEO Discusses Q1 2013 Results - Earnings Call Transcript
Mon, May 6
American Capital Mortgage CEO Discusses Q4 2012 Results - Earnings Call Transcript
Mon, Feb 11
American Capital's CEO Discusses Q3 2012 Results - Earnings Call Transcript
Sat, Nov 3, 2012 • 1 Comment
American Capital Mortgage Investment Corp's CEO Discusses Q2 2012 Results - Earnings Call Transcript
Mon, Aug 6, 2012

American Capital Mortgage Investment Corp. Declares Second Quarter Dividend of $0.80 Per Share

PR Newswire (Tue, 5:00PM)
American Capital Mortgage Investment Corp. to Present at Wells Fargo Securities Specialty Finance Conference

PR Newswire (May 10, 2013)
American Capital Mortgage Investment Corp. To Present At JMP Securities Research Conference

PR Newswire (May 8, 2013)
American Capital Mortgage Investment Corp. Reports $(0.56) Net Loss Per Share And $24.25 Net Book Value Per Share

PR Newswire (May 3, 2013)
American Capital Mortgage Investment Corp. Will Report First Quarter 2013 Results On May 3

PR Newswire (Apr 24, 2013)
American Capital Mortgage Investment Corp. Declares First Quarter Dividend of $0.90 Per Share

PR Newswire (Mar 7, 2013)
American Capital Mortgage Investment Corp. Announces Pricing Of Public Offering Of Common Stock

PR Newswire (Feb 12, 2013)
American Capital Mortgage Investment Corp. Announces Public Offering Of Common Stock

PR Newswire (Feb 11, 2013)
American Capital Mortgage Investment Corp. Reports $1.40 Net Income Per Share And $25.74 Net Book Value Per Share

PR Newswire (Feb 8, 2013)
American Capital Mortgage Investment Corp. Adds Two Members To Its Board of Directors

PR Newswire (Feb 7, 2013)
American Capital Mortgage Investment Corp. Will Report Fourth Quarter 2012 Results On February 8

PR Newswire (Jan 30, 2013)
American Capital Mortgage Investment Corp. Declares Fourth Quarter Dividend of $0.90 Per Share

PR Newswire (Dec 14, 2012)
American Capital Mortgage Investment Corp. Announces $50 Million Share Buyback Program

PR Newswire (Oct 31, 2012)
American Capital Mortgage Investment Corp. Reports $4.03 Earnings Per Share And $25.21 Net Book Value Per Share

PR Newswire (Oct 31, 2012)
American Capital Mortgage Management, LLC Appoints Devang Doshi as Vice President of Agency Mortgage Investments

PR Newswire (Oct 31, 2012)
American Capital Mortgage Investment Corp. Will Report Third Quarter 2012 Results on October 31

PR Newswire (Oct 11, 2012)
American Capital Mortgage Investment Corp. Declares Third Quarter Dividend Of $0.90 Per Share

PR Newswire (Sep 11, 2012)
American Capital Mortgage Investment Corp. To Present At Investor Conferences In September

PR Newswire (Sep 6, 2012)
American Capital Mortgage Investment Corp. to Ring NASDAQ Closing Bell in Celebration of One Year as a Publicly Traded Company

PR Newswire (Aug 6, 2012)
American Capital Mortgage Investment Corp. Reports $1.15 Earnings Per Share and $22.08 Net Book Value Per Share

PR Newswire (Aug 3, 2012)

MTGE vs. ETF Alternatives

Company Description

American Capital Mortgage Investment Corp. is a real estate investment trust ("REIT") formed in 2011 that invests in and manages a leveraged portfolio of agency mortgage investments, non-agency mortgage investments and other mortgage-related investments. The Company is externally managed and... More

Sector: Financial

Industry: REIT - Diversified

Country: United States

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Wednesday, June 19, 3:13 PM Markets start to fall in earnest as the reality of a tapering and then ending in QE sinks in - even as the chairman is at pains to prove it's anything but a tightening move. The DJIA (DIA -0.8%) is off 145 points as the 10-year Treasury yield soars 15 bps to 2.33%, its highest level in 2 years. Reversing sizable early gains is the mREIT sector (REM -2.3%) - a leveraged holder of the paper the Fed will no longer be buying - with American Capital (AGNC -2%), (MTGE -1.5%), Annaly (NLY -2.2%), Invesco (IVR -2.5%), Two Harbors (TWO -3.5%), and Anworth (ANH -2.2%) leading the way. The greenback (UUP +0.9%) continues to fly higher. 15 Comments [On the Move]
Wednesday, June 19, 8:58 AM American Capital Mortgage Investment (MTGE) declares $0.80/share quarterly dividend, 11% decrease from prior dividend of $0.90. Forward yield 15.7%. For shareholders of record June 28. Payable July 26. Ex-div date June 26. (PR) Comment! [Dividends]
Wednesday, June 19, 7:01 AM American Capital Mortgage (MTGE) gained 2.4% AH following an 11% cut in its quarterly dividend to $0.80/share, an annualized yield of 15.8% based on yesterday's close. Previous: SIster company American Capital Agency cuts dividend 16%. (PR) 1 Comment [Financials, On the Move, Dividends]
Wednesday, June 12, 2:53 PM Treasurys (TLT -1.2%) fail to catch a bid even as the Dow drops triple digits. Panicky action continues in income favorites (REM -1.3%), notably Armour Residential (ARR -4.7%), where the selling has now spread to its preferred shares, the series B off 2%. The common is off 28% over the last month. Some others: New York Mortgage (NYMT -2.7%), American Capital (MTGE -2.6%), Western Asset (WMC -3.9%), Annaly (NLY -1.7%), Dynex (DX -2.6%), New Residential (NRZ -3.6%), Ellington Financial (EFC -2.2%). 11 Comments [Financials, On the Move]
Friday, June 7, 3:09 PM "I would not overestimate retail investors' knowledge of how this business works," says Scott Ulm, co-CEO of Armour Residential (ARR -1.3%). Income fans love mREITs (MORT -1.3%) but can suffer quick losses as rates rise. "We believe mREITs are not appropriate for most individual investors," says Edward Jones' Kate Warne, warning brokers to steer clients away from the sector. Ulm remains hopeful: "As bonds become cheaper, reinvestment becomes more profitable." Beneath a big rally for the averages, the sector is hit again today: American Capital (AGNC -2.6%), (MTGE -1.2%), Annaly (NLY -1.9%), Two Harbors (TWO -0.9%), Hatteras (HTS -1.9%), CYS (CYS -2.8%), Anworth (ANH -0.9%). 44 Comments [Financials, On the Move]
Thursday, June 6, 4:28 PM With interest rate fears subsiding until at least 8:30 tomorrow morning, mREITs (MORT +1.9%) get a breather. Leading higher were American Capital (AGNC +3.4%), (MTGE +1.1%), Chimera (CIM +2.7%), Hatteras (HTS +2.4%), CYS Investments (CYS +1.9%), Javelin (JMI +4.7%), and Annaly (NLY +1.9%). One theme from conference presentations this week: Most have taken advantage of widening spreads to buy - if rates come in, they're set to profit. 11 Comments [Financials, On the Move]
Tuesday, June 4, 11:18 AM If you believe California housing, MFA Financial might be your mREIT of choice. Of the company's $5.4B non-agency portfolio, 46.1% of the underlying loans are in California. Next is Florida with 7.9%. MFA has outperformed other non-agency players (JMI, DX, IVR, MTGE) over the last year. Also of interest is the disappearing universe of non-agency MBS - it was $2.25T pre-crisis and now only about $900B. (KBW Mortgage Conference presentation) Comment! [Financials]
Tuesday, June 4, 9:28 AM More from CYS Investments at KBW (previous): The speed (page 9) with which mortgage rates have increased in unlike anything seen even during the financial crisis, says CEO Kevin Grant. He muses over whether Bernanke's May testimony (taper) was confused messaging or an intentional market test. The punishment inflicted on mREITs (MORT) is well-known, but don't forget: Refinance activity will crater - gain on sale windfall to banks may be over, home affordability is now diminished, banks will be pushed to Treasurys over credit risk as the ROE on government paper is now improved. Grant's talk (webcast) is one all mREIT investors will value. 25 Comments [Financials]
Friday, May 31, 12:59 PM Renewed selling hits mREITs (MORT -1.2%) as Treasury yields turn decidedly higher, TLT -0.8%. Getting the worst of it today is Ellington Financial (EFC -3.3%) - a partnership, not a REIT; it's more trading shop, but still leveraged to credit and interest rates. It's recently IPOd mortgage REIT counterpart EARN -1.1%. Also notably lower is CYS Investments (CYS -2.6%), American Capital (AGNC -1.8%), (MTGE -1.5%), Annaly (NLY -1.3%), and Armour Residentail (ARR -1.3%). 15 Comments [Financials, On the Move]
Wednesday, May 29, 10:01 AM The selling continues in the mortgage REIT space (MORT -3.4%), with one of today's biggest losers Chimera Investment (CIM -3.8%) a curious one as its exposure is credit risk not rate risk. Other tumblers: Armour (ARR -6.4%), New York Mortgage (NYMT -6.5%), Javelin (JMI -6.1%), MFA Financial (MFA -3.4%). There's little bid for American Capital - (AGNC -4.1%), (MTGE -3.3%) - with one trader noting Gary Kain's focus on owning pre-pay protected paper is another bet not paying off as rates rise. 27 Comments [Financials, On the Move]
Thursday, May 23, 3:34 PM "Every business is going to have cycles (of) good times and bad times," says American Capital (AGNC, MTGE) CIO Gary Kain, speaking at a conference (transcript) (presentation), and not willing to admit this is a bad time. The reality, he says, is all those Fed purchases haven't tightened up mortgage spreads all that much. "(It's confusing to me ... I mean we didn't expect them to perform the way they did." 9 Comments [Financials]
Monday, May 20, 3:11 PM The Russell 2000 (IWM) cracked 1,000 for the first time this morning, but the small cap sector is far from over-loved by the fund managers who invest in it, according to Credit Suisse's Lori Calvasina - they ended Q1 with cash holdings at a near 10-year high. Indexing (IJR, IWO, IWN XSLV are some others) beats most active management, but Calvasina screened for stocks owned by fewer than 50 small-cap funds with $500M-$1.5B market cap, and with favorable investment ratings. No surprise the answer is heavy on mREITs - MTGE, AMTG, PMT. Also coming up: OMX and WFR. Comment!
Monday, May 13, 1:30 PM For those who've noticed American Capital Mortgage's (MTGE -3%) allocation to non-agency MBS has declined from a typical 30% to 20%, co-CIO Jeff Winkler (he's in charge of non-agencies, Gary Kain does agencies) says (JMP presentation) don't forget Q1's capital raise. The firm rapidly deployed the new funds into agency paper and will over time - as the non-agency market hopefully expands - move that money over. 1 Comment [Financials]
Monday, May 13, 12:43 PM The mortgage REITs are lit up bright red (MORT -1.9%), again led by American Capital Agency (AGNC -3.5%) and American Capital Mortgage (MTGE -3%), with Annaly (NLY -3.1%) not far behind. Yes, the 10-year Treasury yield is a 3 bps higher, but there's also rare action in Fed Funds futures, now pricing in a whopping 50 bps in rate hikes by this time 2016. AGNC presents at the JMP Conference at 2 ET. 39 Comments [Financials, On the Move]
Friday, May 10, 2:39 PM Gary Kain-led American Capital Agency (AGNC -2.8%) and American Capital Mortgage (MTGE -2%) lead the decline in an all-red mREIT sector (MORT -1%) today, with AGNC taking out its post-earnings low from last week. On the earnings call, Kain said upward pressure on rates had cooled to start Q2 and book value was headed higher, but markets may not be cooperating. The 10-year yield is up 8 bps today to a near 2-month high. Others: Annaly (NLY -1.2%), Invesco (IVR -1.2%), MFA (MFA -1.8%), Western Asset (WMC -1.3%). 12 Comments [Financials, On the Move]
Monday, May 6, 3:50 PM American Capital Mortgage (MTGE -2.9%) was hurt by the Q1 decline in agency MBS prices, but CIO Gary Kain (CC transcript) (presentation) took advantage of a February capital raise by deploying funds into agency paper. As of Q1's end, the firm's agency portfolio grew to $11.026B vs. nonagency holdings of $727M - just 6% of the portfolio vs. about 10% at the end of Q4. Should agencies outperform in Q2, MTGE should be set up to take advantage. Comment! [Financials]

Packrat1987
$MTGE and $AGNC will likely not announce their dividends until after fomc Wednesday.
Sat, 2:18 PM
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Packrat1987: They need to make sure that their own estimates of Q2 taxable income will not materially change following the fed speak.
Mon, 10:35 PM
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Crimzen: Just curious. How would their taxable income change post-Fed speak?
Tue, 1:48 AM
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Albert Alfonso
$MTGE is up only 3% while $AGNC is up over 6%....
Thu, 3:55 PM
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nbkkm92: That just means the rally in store for $MTGE...
Thu, 9:58 PM
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jwill53
tired of losing money w $MTGE and dont see a near term turn-around. getting out today.
Jun 12, 11:49 AM
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EASTCOASTG8R: Well, not me. I'm one to hang on until the last one leaves the ship on this one.
Thu, 12:31 PM
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jwill53: little bit of a pop today - let's see if it hangs on.
Thu, 12:34 PM
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jwill53
looks like $MTGE sinking AGNC today again
Jun 11, 10:37 AM
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BTM
The mighty have fallen, $MTGE and $AGNC
Jun 11, 10:35 AM
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jwill53
Will $MTGE sink today along with AGNC, or are they more "insulated" due to their hybrid makeup?
Jun 11, 8:30 AM
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dindin21
This is a solid buy...14% book value discount with likely 17% divy. Cant beat a 30% profit buffer window $MTGE
Jun 5, 10:46 PM
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Packrat1987
Now is the time to buy $MTGE to get the dividend run $$$
Jun 4, 9:24 PM
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BTM
$MTGE down hard today. More so than $AGNC. Why?
Jun 3, 2:07 PM
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NickS2001
Bought more $AGNC, $MTGE, $NLY. They are oversold in the long run.
May 29, 10:30 PM
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LATEST REPLIES

Packrat1987
$MTGE and $AGNC will likely not announce their dividends until after fomc Wednesday.
Sat, 2:18 PM
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Packrat1987: They need to make sure that their own estimates of Q2 taxable income will not materially change following the fed speak.
Mon, 10:35 PM
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Crimzen: Just curious. How would their taxable income change post-Fed speak?
Tue, 1:48 AM
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Albert Alfonso
$MTGE is up only 3% while $AGNC is up over 6%....
Thu, 3:55 PM
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nbkkm92: That just means the rally in store for $MTGE...
Thu, 9:58 PM
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jwill53
tired of losing money w $MTGE and dont see a near term turn-around. getting out today.
Jun 12, 11:49 AM
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EASTCOASTG8R: Well, not me. I'm one to hang on until the last one leaves the ship on this one.
Thu, 12:31 PM
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jwill53: little bit of a pop today - let's see if it hangs on.
Thu, 12:34 PM
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Packrat1987
$MTGE's current book is still north of $23 as of 5/27 if you take into account current marks and old information.Stock well below on fears
May 28, 9:21 PM
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Packrat1987: $MTGE may have changed the amount of hedges due to active management, thus book value may be down only slightly. Panic seems overdone.
May 28, 9:26 PM
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Packrat1987: $MTGE Larger allocations to Non agency expected in Q2.
May 28, 9:27 PM
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Albert Alfonso
$AGNC has dragged $MTGE into the red... most other mREITs are up today...
May 28, 11:05 AM
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Albert Alfonso: I believe you are correct. At current prices, discount to BV is about 7%.
May 28, 11:25 AM
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NV_GARY: $MTGE But why? What is worse today- AGNC also down over 3%- both had been up after opening. WMC down, along with NCT/NRZ, in sympathy?
May 28, 11:30 AM
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SaltyDog62
I will keep buying $AGNC $MTGE $NLY and look to add $CMO and $DX
May 24, 10:14 AM
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Energysystems: These mortgage reit's have been hammered, but I believe that the cheap money policies will continue to their benefit.
May 24, 10:26 AM
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SaltyDog62: I totally agree. This sector is oversold now, let's see what Q2 looks like.
May 24, 10:13 PM
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Albert Alfonso
$CYS, $MTGE, $AGNC are all cheap at these levels and are trading at large discounts to BV
May 23, 9:53 AM
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Dividend Living: I havnt seen these discounts to book value since november 2012. BV fears from rising rates are overblown just like spread fears in november
May 23, 2:42 PM
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obendezu: weak labor data pulls the s&p down and so AGNC an other stocks... but this very labor data will cause the fed to continue its QE!
May 23, 4:46 PM
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SaltyDog62
Hold on, I think we are in for a little ride. Good time to add, pick a name !$AGNC $NLY $CMO $HTS $MTGE $TWO
May 23, 9:24 AM
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Ocean Man: If you like those, try $MORL for 2x the fun.
May 23, 9:25 AM
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SaltyDog62: I did the $MORL thing a while back, got out with a small gain.
May 23, 9:40 AM
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NV_GARY
$MTGE Just saw a SEC form 4 - Gary Kain purchased 45916 shares of MTGE American Capital Mort. on 5/13/13 Nothing similar at AGNC.
May 14, 5:34 PM
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Pursuing Financial Freedom: can you post a link to confirm?
May 15, 12:17 PM
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Packrat1987: Gary did not buy this out of his own pocket, it was awarded to I'm via performance plan.
May 15, 2:09 PM
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Packrat1987
$MTGE i bought 200 dec 2013, $25 calls @ 0.493 cost average.
May 13, 2:07 PM
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NV_GARY: $MTGE Packrat-- how are you figuring that? 200 calls or 2 calls = 200 shares? Looks like a lot more for Dec25s
May 14, 5:33 PM
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Packrat1987: 230 contracts I personally bought on the December $25 strike option. Cost average is 0.493. That is in addition to the 21,500 shares I have
May 15, 2:08 PM
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Packrat1987
Bought 20,500 $MTGE today at cost average 25.05. True value 27.77 for 10 pct premium to post spo divvy adjusted book value.
Mar 19, 5:27 PM
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Packrat1987: They just did a secondary at 25.70 a few weeks ago for 30 pct more shares. Another wont show up for a while and priced much higher then 25
Mar 20, 10:15 AM
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DaLatin: Yes,but. others seemed to hasten there secondaries & I have a nice chunk.So, i've got on stream & a dip I buy more
Mar 20, 10:20 AM
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chuck holladay
Bought $JOY @ 61.65 & $MTGE @ 26.04
Mar 11, 10:52 AM
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DaLatin: Like MTGE..long
Mar 11, 10:54 AM
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BTM
Is it time to sell $MTGE and switch into $AGNC?
Feb 12, 8:45 AM
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Jack Rice: I'd say the other way around.
Feb 13, 4:44 PM
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Jack Rice: Both cool but mtge may have more growth headroom if you want that to go with the div. & mtge can move in & out of agency MBS. I'm long both.
Feb 13, 4:51 PM
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Albert Alfonso
and now $MTGE does a secondary
Feb 11, 4:18 PM
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Albert Alfonso: for 18M shares, wow. That increase its float by 50%. I might go short this one
Feb 11, 4:21 PM
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CM111250
$MTGE Are their divs taxed at ord rate or do they include cap repay as do MLP's? suitable for IRA account or reg taxable account?
Jan 25, 1:35 PM
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chowzer: Divs are taxed at ordinary income rate and thus most suited to an IRA.
Feb 7, 11:41 AM
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MTGE American Capital Mortgage Investment

MTGE

American Capital Mortgage Investment