Today: The Zacks Investment Research Lowers American Capital Agency Corp. (AGNC) to Sell

The Zacks Investment Research Lowers American Capital Agency Corp. (AGNC) to Sell

Zacks Investment Research downgraded shares of American Capital Agency Corp. (NASDAQ:AGNC) from a hold rating to a sell rating in a report released on Thursday.

According to Zacks, “American Capital Agency continues to operate in a challenging interest rate and global economic environment. In fact, widespread volatility in the market has added to its woes and the company is anticipated to get no respite any time soon. As a result the stock price is susceptible to fluctuations. Amid this environment, though American Capital Agency continues to adjust its investment portfolio, it is expected that risk management would continue to be prioritized over incremental returns, at least in the short term. Nevertheless, the company’s acquisition of its external manager American Capital Mortgage Management is likely to lower the run-rate operating costs. Further, its share repurchase program is encouraging for shareholders.”

A number of other equities analysts have also recently issued reports on the company. JPMorgan Chase & Co. cut American Capital Agency Corp. from an overweight rating to a neutral rating and set a $20.00 target price for the company. in a report on Monday, July 18th. Keefe, Bruyette & Woods cut American Capital Agency Corp. from an outperform rating to a market perform rating and lowered their target price for the stock from $20.25 to $19.75 in a report on Tuesday, July 19th. Nomura cut American Capital Agency Corp. from a buy rating to a neutral rating and set a $21.00 target price for the company. in a report on Friday, July 8th. Citigroup Inc. increased their target price on American Capital Agency Corp. from $18.00 to $19.00 and gave the stock a neutral rating in a report on Wednesday, August 3rd. Finally, Vetr upgraded American Capital Agency Corp. from a hold rating to a buy rating and set a $19.53 target price for the company in a report on Thursday, October 6th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $20.64.

American Capital Agency Corp. (NASDAQ:AGNC) opened at 19.25 on Thursday. The company’s 50 day moving average price is $19.38 and its 200 day moving average price is $19.22. The firm’s market cap is $6.37 billion. American Capital Agency Corp. has a 52-week low of $15.69 and a 52-week high of $20.10.

American Capital Agency Corp. (NASDAQ:AGNC) last issued its quarterly earnings data on Wednesday, July 27th. The real estate investment trust reported $0.73 EPS for the quarter, topping the Thomson Reuters’ 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 quarter in the prior year, the firm posted $0.60 EPS.

The business also recently disclosed a oct 16 dividend, which will be paid on Tuesday, November 8th. Shareholders of record on Monday, October 31st will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, October 27th. American Capital Agency Corp.’s dividend payout ratio (DPR) 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 that occurred on Friday, August 26th. The shares were sold at an average price of $19.76, for a total transaction of $32,465.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary D. Kain sold 3,931 shares of the firm’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $19.76, for a total transaction of $77,676.56. The disclosure for this sale can be found here. Company insiders own 0.21% of the company’s stock.

A number of large investors have recently modified their holdings of the company. Paradigm Asset Management Co. LLC increased its stake in shares of American Capital Agency Corp. by 5.0% in the second quarter. Paradigm Asset Management Co. LLC now owns 5,850 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 277 shares during the period. Invictus RG acquired a new stake in American Capital Agency Corp. during the second quarter worth $124,000. Daiwa SB Investments Ltd. increased its stake in American Capital Agency Corp. by 8.6% in the second quarter. Daiwa SB Investments Ltd. now owns 9,490 shares of the real estate investment trust’s stock worth $185,000 after buying an additional 750 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in American Capital Agency Corp. by 2.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 10,055 shares of the real estate investment trust’s stock worth $199,000 after buying an additional 200 shares during the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new stake in American Capital Agency Corp. during the second quarter worth $202,000. Hedge funds and other institutional investors own 59.78% of the company’s stock.

American Capital Agency Corp. Company Profile

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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