According to Zacks, “American Capital Agency’s current quarter earnings per share estimate remained stable over the past 60 days period. In early July, the company acquired its external manager American Capital Mortgage Management, which in turn, is likely to lower the run-rate operating costs. Also, the company’s initiatives to reposition its portfolio for hedging interest rate uncertainty are expected to help it sail through difficulties. Further, its share repurchase program is encouraging for shareholders while its decent financial position is expected to help maintain the growth tempo. However, volatility in the market and issues regarding global economy are concerns before it.”
Several other equities research analysts have also recently commented on the company. JPMorgan Chase & Co. reaffirmed a neutral rating on shares of American Capital Agency Corp. in a report on Thursday, August 4th. Citigroup Inc. increased their price objective on American Capital Agency Corp. from $18.00 to $19.00 and gave the stock a neutral rating in a research report on Wednesday, August 3rd. Keefe, Bruyette & Woods lowered American Capital Agency Corp. from an outperform rating to a market perform rating and lowered their price objective for the stock from $20.25 to $19.75 in a research report on Tuesday, July 19th. Nomura lowered American Capital Agency Corp. to a hold rating in a research report on Saturday, July 9th. Finally, Bank of America Corp. upgraded American Capital Agency Corp. from an underperform rating to a neutral rating in a research report on Wednesday, June 29th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $20.48.
Shares of American Capital Agency Corp. (NASDAQ:AGNC) opened at 18.90 on Monday. American Capital Agency Corp. has a 12 month low of $15.69 and a 12 month high of $20.10. The company’s market capitalization is $6.26 billion. The firm’s 50-day moving average price is $19.55 and its 200-day moving average price is $19.19.
American Capital Agency Corp. (NASDAQ:AGNC) last posted its quarterly earnings results on Wednesday, July 27th. The real estate investment trust reported $0.73 EPS for the quarter, beating the consensus estimate of $0.51 by $0.22. American Capital Agency Corp. had a positive return on equity of 9.64% and a negative net margin of 103.59%. During the same period in the previous year, the firm earned $0.60 earnings per share.
The firm also recently declared a sep 16 dividend, which will be paid on Friday, October 7th. Shareholders of record on Friday, September 30th will be paid a $0.18 dividend. This represents a yield of 11.16%. The ex-dividend date is Wednesday, September 28th. American Capital Agency Corp.’s dividend payout ratio is presently -74.48%.
In other American Capital Agency Corp. news, CFO Peter J. Federico sold 1,643 shares of the firm’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $19.76, for a total value of $32,465.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gary D. Kain sold 3,931 shares of the firm’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $19.76, for a total value of $77,676.56. The disclosure for this sale can be found here. 0.21% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of the stock. Glenmede Trust Co. NA boosted its stake in American Capital Agency Corp. by 3,794.9% in the first quarter. Glenmede Trust Co. NA now owns 85,377 shares of the real estate investment trust’s stock worth $1,589,000 after buying an additional 83,185 shares in the last quarter. Commonwealth Equity Services Inc boosted its stake in American Capital Agency Corp. by 7.7% in the first quarter. Commonwealth Equity Services Inc now owns 72,802 shares of the real estate investment trust’s stock worth $1,356,000 after buying an additional 5,190 shares in the last quarter. Virginia Retirement System acquired a new stake in American Capital Agency Corp. during the first quarter worth $1,401,000. Pacad Investment Ltd. acquired a new stake in American Capital Agency Corp. during the first quarter worth $1,103,000. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its stake in American Capital Agency Corp. by 152.1% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 584,045 shares of the real estate investment trust’s stock worth $10,881,000 after buying an additional 352,370 shares in the last quarter. Institutional investors own 59.79% of the company’s stock.
About American Capital Agency Corp.
American Capital Agency Corp. is a real estate investment trust (REIT). The Company primarily invests on a leveraged basis in agency mortgage-backed securities (agency MBS). The Company’s investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs).
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