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PR Newswire (Tue, 5:00PM)
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PR Newswire (Dec 14, 2012)
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PR Newswire (Oct 31, 2012)
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PR Newswire (Oct 11, 2012)
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PR Newswire (Sep 11, 2012)
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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
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- | Earnings
- | Dividends
- | M&A
- | On the move
- Friday, May 3, 4:13 PM More on American Capital Mortgage Investment (MTGE) Q1 earnings: Like sister company AGNC (also with Gary Kain as CIO), MTGE reports a big mark-to-market loss ($1.66/share) on agency MBS. Loss partially offset by $0.64 gain on non-agency holdings. Spread income of $0.62 - NIM of 2.01%, off 6 bps from Q4. Book value of $24.25/share, down 5.8% from Dec. 31. Shares -2.3% AH after 3.5% loss in regular session. (PR) 19 Comments [Earnings, Financials, On the Move]
- Friday, May 3, 4:05 PM American Capital Mortgage Investment (MTGE): Q1 EPS of -$0.56. (PR) 1 Comment [Earnings, Breaking News, Financials]
- Friday, May 3, 12:10 AM Notable earnings after Friday’s close: MTGE Comment! [Earnings]
- Thursday, May 2, 5:35 PM Notable earnings after Friday’s close: MTGE Comment! [Earnings]
- Monday, February 11, 10:25 AM American Capital Mortgage (MTGE +4.5%) gains after Friday evening's earnings. The $25.74 Dec. 31 book value is up $0.53 from Q3, with share repurchases accounting for $0.02 of that. With less than 10% of the portfolio in non-agency MBS, the company is somehow maintaining a healthy net interest margin - 188 bps vs. 190 in Q3. Company CIO is Gary Kain (also of AGNC). (PR) Comment! [Earnings, Financials, On the Move]
- Friday, February 8, 4:08 PM American Capital Mortgage Investment (MTGE): Q4 EPS of $1.40. Book value/share of $25.74, up $0.53 from Q3's end. Shares +1.5% AH. (PR) Comment! [Earnings, Breaking News, Financials, On the Move]
- Friday, February 8, 12:10 AM Notable earnings after Friday’s close: CCJ, MTGE 1 Comment [Earnings]
- Thursday, February 7, 5:35 PM Notable earnings after Friday’s close: CCJ, MTGE 1 Comment [Earnings]
- Wednesday, October 31, 2012, 5:05 PM More on American Capital Mortgage (MTGE) Q3 earnings: Net interest spread of 1.88%, down from 1.94% last quarter. Average yield dipped 16 bps, but cost of funds declined 10 bps. CPR rose to 6.7% from 4.7% last quarter, still a fairly low level given the refi boom (manager AGNC had its own low 9% rate in Q3). On stock repurchase: "The market has tried to asses and adjust to the impacts of QE3; we have experienced volatility in the price of our stock." (PR) 3 Comments [Earnings, Financials]
- Wednesday, October 31, 2012, 4:52 PM American Capital Mortgage Investment (MTGE): Q3 EPS of $4.03. Book value/share of $25.21, up $3.13 from Q2's end (today's close, $24.93). The board authorizes a share repurchase program of up to $50M, about 5.5% of the float. Shares +1.6% AH. (PR) 3 Comments [Earnings, Financials]
- Thursday, July 19, 2012, 12:03 PM "Our biggest competitor for assets is the Fed," says CYS Investments (CYS) CEO Kevin Grant on the earnings conference call, describing what may be becoming a frothy mREIT sector as yield-starved investors elbow out not only each other, but the central bank. 22 Comments [Earnings, Financials]
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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.
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Crimzen: Just curious. How would their taxable income change post-Fed speak?
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EASTCOASTG8R: Well, not me. I'm one to hang on until the last one leaves the ship on this one. -
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LATEST REPLIES
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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.
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Crimzen: Just curious. How would their taxable income change post-Fed speak?
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EASTCOASTG8R: Well, not me. I'm one to hang on until the last one leaves the ship on this one.
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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 - View all 2 replies
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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.
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Albert Alfonso: I believe you are correct. At current prices, discount to BV is about 7%.
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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. -
SaltyDog62: I totally agree. This sector is oversold now, let's see what Q2 looks like.
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Albert Alfonso
$CYS, $MTGE, $AGNC are all cheap at these levels and are trading at large discounts to BV - View all 2 replies
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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 -
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!
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Packrat1987: Gary did not buy this out of his own pocket, it was awarded to I'm via performance plan.
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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
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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. - View all 3 replies
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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
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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
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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.
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Albert Alfonso: for 18M shares, wow. That increase its float by 50%. I might go short this one
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chowzer: Divs are taxed at ordinary income rate and thus most suited to an IRA.