Todays Report: The Vetr Inc. Upgrades American Capital Agency Corp. (AGNC) to “Buy”

The Vetr Inc. Upgrades American Capital Agency Corp. (AGNC) to “Buy”

American Capital Agency Corp. (NASDAQ:AGNC) was upgraded by Vetr from a “hold” rating to a “buy” rating in a research report issued on Thursday. The firm presently has a $19.53 target price on the real estate investment trust’s stock. Vetr‘s price objective suggests a potential upside of 3.22% from the company’s current price.

AGNC has been the topic of a number of other reports. Zacks Investment Research raised American Capital Agency Corp. from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Wednesday, September 28th. JPMorgan Chase & Co. reiterated a “hold” rating and set a $20.00 price target on shares of American Capital Agency Corp. in a report on Friday, July 29th. Nomura downgraded American Capital Agency Corp. from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a report on Friday, July 8th. Bank of America Corp. upgraded American Capital Agency Corp. from an “underperform” rating to a “neutral” rating in a report on Wednesday, June 29th. Finally, Citigroup Inc. lifted their price target on American Capital Agency Corp. from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Wednesday, August 3rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. American Capital Agency Corp. has a consensus rating of “Hold” and a consensus target price of $20.64.

Shares of American Capital Agency Corp. (NASDAQ:AGNC) opened at 18.92 on Thursday. American Capital Agency Corp. has a one year low of $15.69 and a one year high of $20.10. The company’s 50 day moving average price is $19.49 and its 200 day moving average price is $19.19. The stock’s market capitalization is $6.26 billion.

American Capital Agency Corp. (NASDAQ:AGNC) last announced its earnings results on Wednesday, July 27th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter last year, the firm earned $0.60 EPS.

The business also recently declared a sep 16 dividend, which was paid on Friday, October 7th. Stockholders of record on Friday, September 30th were paid a dividend of $0.18 per share. The ex-dividend date was Wednesday, September 28th. This represents a dividend yield of 11.16%. American Capital Agency Corp.’s dividend payout ratio (DPR) is presently -74.48%.

In other news, CFO Peter J. Federico sold 1,643 shares of the company’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $19.76, for a total transaction of $32,465.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary D. Kain sold 3,931 shares of the company’s stock in a transaction dated Friday, August 26th. The stock was 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. Insiders own 0.21% of the company’s stock.

Several institutional investors have recently bought and sold shares of AGNC. Geode Capital Management LLC boosted its position in American Capital Agency Corp. by 8.2% in the first quarter. Geode Capital Management LLC now owns 2,608,523 shares of the real estate investment trust’s stock valued at $48,574,000 after buying an additional 198,047 shares in the last quarter. Artemis Investment Management LLP acquired a new position in American Capital Agency Corp. during the second quarter valued at $45,849,000. State Street Corp boosted its position in American Capital Agency Corp. by 7.0% in the first quarter. State Street Corp now owns 10,118,480 shares of the real estate investment trust’s stock valued at $188,510,000 after buying an additional 658,029 shares in the last quarter. Prudential Financial Inc. boosted its position in American Capital Agency Corp. by 66.1% in the second quarter. Prudential Financial Inc. now owns 616,853 shares of the real estate investment trust’s stock valued at $12,226,000 after buying an additional 245,487 shares in the last quarter. Finally, BlackRock Inc. boosted its position in American Capital Agency Corp. by 3.2% in the first quarter. BlackRock Inc. now owns 424,511 shares of the real estate investment trust’s stock valued at $7,908,000 after buying an additional 13,259 shares in the last quarter. 59.79% of the stock is owned by institutional investors and hedge funds.

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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