Market Overview

UPDATE: Deutsche Bank Reiterates Buy Rating, Raises PT on American Capital Mortgage Investment

Share:
Related MTGE
Analyst: American Capital Mortgage Investment Still Worth $20/Share
Wunderlich Downgrades American Capital Mortgage On Dividend Cut Surprise
American Capital Agency's Dividend Sustainability Analysis (Post Q1 2015 Earnings) - Part 2 (Seeking Alpha)

In a report published Monday, Deutsche Bank reiterated its Buy rating on American Capital Mortgage Investment (NASDAQ: MTGE), and raised its price target from $25.50 to $29.00.

Deutsche Bank noted, “EPS to benefit in '13 from higher mix of non-agency; slower agency prepays - We are reiterating our Buy post-3Q results (EPS 2c light; BV +14%), as MTGE's agency MBS portfolio is less sensitive to prepays given low loan balances and other characteristics. Additionally, the hybrid strategy enables them to redeploy prepay capital into non-agency MBS, which we believe offer more attractive returns today. Given we expect EPS to benefit in 2013 from a higher mix of non-agency MBS as well as slowing prepays on the agency assets, we are reiterating our Buy rating. We are increasing our target to $29 per share.”

American Capital Mortgage Investment closed on Friday at $25.40.

Latest Ratings for MTGE

DateFirmActionFromTo
May 2015Keefe Bruyette & WoodsMaintainsOutperform
Apr 2015UBSDowngradesBuyNeutral
Mar 2015WunderlichDowngradesBuyHold

View More Analyst Ratings for MTGE
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

Related Articles (MTGE)

Around the Web, We're Loving...