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PR Newswire (May 10, 2013)
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PR Newswire (May 10, 2013)
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PR Newswire (May 8, 2013)
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PR Newswire (Apr 24, 2013)
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PR Newswire (Mar 7, 2013)
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PR Newswire (Feb 12, 2013)
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PR Newswire (Feb 11, 2013)
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PR Newswire (Feb 7, 2013)
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PR Newswire (Jan 30, 2013)
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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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PR Newswire (Sep 6, 2012)
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PR Newswire (Jul 23, 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
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- | Earnings
- | Dividends
- | M&A
- | On the move
- 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]
- 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) 20 Comments [Earnings, Financials, On the Move]
- Thursday, May 2, 9:17 PM Swept up in the hit to American Capital Agency (AGNC -8.3% AH) is its sister firm American Capital Mortgage (MTGE -5.4% AH). MTGE differs from AGNC in that it invests in non-agency MBS as well as agency paper, but both share Gary Kain as CIO. AGNC's conference call is set for Friday at 11 ET - how much did February's dilutive secondary hit the Q1 numbers? 29 Comments [Financials, On the Move]
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Monday, February 11, 5:44 PM
After-hours top gainers, as of 5:15 p.m.: RXN +13%. GTE +9%. MAS +5%. NCLH +4%. BCOR +3%.
After-hours top losers: AMSC -8%. ORIG -5%. NTI -5%. MTGE -3%. GMED -3%. Comment! [On the Move] - Monday, February 11, 5:28 PM American Capital Mortgage (MTGE) sys it plans to make a public offering of 18M shares of common stock. Management plans to use the proceeds toward mortgage-related investments. Barclays, Citigroup, Credit Suisse, Morgan Stanley and Wells Fargo Securities are acting as joint book-running managers. Shares -3.3% AH. 1 Comment [On the Move, Financials]
- 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]
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Friday, February 8, 5:43 PM
After-hours top gainers, as of 5:15 p.m.: WR +5%. IDIX +3%. MTG +2%. GOL +2%. MTGE +2%.
After-hours top losers: MERU -3%. ROC -2%. MELI -2%. BG -2%. INFN -2%. Comment! [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]
- Wednesday, November 7, 2012, 9:40 AM It's a jittery mortgage REIT sector as last night's election assures the Fed will continue to strangle the leveraged operators' net interest margins. Annaly (NLY -2.8%) - the purest of the pure-play agency REITs - still reeling from Monday's poor earnings, leads to the downside. AGNC -2%, TWO -2.3%, HTS -2.1%. 27 Comments [Financials, On the Move]
- Thursday, November 1, 2012, 9:53 AM American Capital Mortgage (MTGE) gains 2.9% in early trade following last night's earnings report and share buyback announcement. Compass Point has a gander and upgrades the stock to Buy from Neutral. At its current $25.59, the stock is above Sept. 30 book value of $25.21. Management had better get moving with those repurchases. Comment! [Financials, On the Move]
- Wednesday, October 10, 2012, 9:46 AM Mortgage REITs continue to slide - NLY -1%, AGNC -2%, HTS -2.3%, to name 3 - the sector revaluing itself for what must surely be significant dividend cuts. The Fed's MBS purchases - likely to help book values and dividend maintenance in the short run - are vaporizing net interest margins. Absent a big jump in leverage, returns must fall. 58 Comments [Financials, On the Move]
- Monday, July 30, 2012, 10:54 AM Newcastle Investment (NCT +2.9%) regains all and more of its big decline following last Wednesday's secondary offering. The company is the latest in a series (I, II, III, to name a few) of mortgage REITs issuing shares at prices well above book value. The firms take these proceeds and invest them in higher-yielding assets - the result being increased book value. 1 Comment [Financials, On the Move]
- Tuesday, September 13, 2011, 3:36 PM American Capital Mortgage (MTGE +2.6%) holds on to gains late in the day after Deutsche initiated the shares with a buy earlier on valuation with a $21 price target. Comment! [On the Move]
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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.
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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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LATEST REPLIES
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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
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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!
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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.
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wallstreetpro2
Another all time high MTGE in pure BEAST MODE slightly overbought here but WTH im staying long - View all 2 replies
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worthless111: Smart move, this one holds well and soon add .90 to the beast mode..we should be rocking the house..economic stimulis help soon to make sure -
worthless111: the IR stays low..the spo does not drop it enough for me to get out and in and take any chances with this world shaking
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Saibus Research
Top 5 investment ideas of the week http://bit.ly/QTc51Q $AAPL $NVO $BIP $CYS $AGNC $NLY $MTGE $S - View all 2 replies
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