UPDATE: Deutsche Bank Downgrades American Capital Mortgage Investment Corp. to Hold, Reiterates $20.50 PT on Valuation

In a report published Monday, Deutsche Bank analyst Stephen Laws downgraded the rating on American Capital Mortgage Investment Corp. MTGE from Buy to Hold, but reiterated the $20.50 price target. In the report, Deutsche Bank noted, “Given shares of MTGE are trading roughly 1% below our price target, which is based on 95% of 12/31 book value, we are downgrading MTGE to a Hold from a Buy. We believe dividends will drive the majority of returns from current levels.” American Capital Mortgage Investment Corp. closed on Friday at $19.66.
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Posted In: Analyst ColorDowngradesAnalyst RatingsDeutsche BankStephen Laws
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