Shares of American Capital Agency Corp. (NASDAQ:AGNC) have been assigned a consensus recommendation of “Hold” from the twelve analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $19.66.
A number of research firms recently commented on AGNC. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $19.00 price objective on shares of American Capital Agency Corp. in a report on Tuesday, July 4th. Zacks Investment Research cut American Capital Agency Corp. from a “buy” rating to a “hold” rating in a report on Friday, July 7th. BidaskClub upgraded American Capital Agency Corp. from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Credit Suisse Group reiterated a “hold” rating and issued a $20.00 price objective on shares of American Capital Agency Corp. in a report on Friday, July 28th. Finally, Maxim Group reiterated a “buy” rating and issued a $21.25 price objective on shares of American Capital Agency Corp. in a report on Thursday, July 27th.
In other American Capital Agency Corp. news, Director Morris A. Davis sold 3,741 shares of the company’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $20.80, for a total transaction of $77,812.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.47% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. KAMES CAPITAL plc boosted its position in American Capital Agency Corp. by 0.5% in the first quarter. KAMES CAPITAL plc now owns 286,034 shares of the real estate investment trust’s stock worth $5,692,000 after buying an additional 1,440 shares during the period. Breton Hill Capital Ltd. boosted its position in American Capital Agency Corp. by 203.3% in the first quarter. Breton Hill Capital Ltd. now owns 40,282 shares of the real estate investment trust’s stock worth $801,000 after buying an additional 27,001 shares during the period. IFP Advisors Inc boosted its position in American Capital Agency Corp. by 313.1% in the first quarter. IFP Advisors Inc now owns 130,136 shares of the real estate investment trust’s stock worth $2,588,000 after buying an additional 98,631 shares during the period. Russell Investments Group Ltd. boosted its position in American Capital Agency Corp. by 15.6% in the first quarter. Russell Investments Group Ltd. now owns 1,850,147 shares of the real estate investment trust’s stock worth $36,811,000 after buying an additional 249,840 shares during the period. Finally, Shell Asset Management Co. boosted its position in American Capital Agency Corp. by 29.1% in the first quarter. Shell Asset Management Co. now owns 473,046 shares of the real estate investment trust’s stock worth $9,409,000 after buying an additional 106,664 shares during the period. Institutional investors own 55.75% of the company’s stock.
Shares of American Capital Agency Corp. (NASDAQ AGNC) traded down 0.09% during trading on Wednesday, hitting $21.64. The stock had a trading volume of 3,958,428 shares. American Capital Agency Corp. has a 12 month low of $17.30 and a 12 month high of $22.34.
American Capital Agency Corp. (NASDAQ:AGNC) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.07. American Capital Agency Corp. had a return on equity of 12.08% and a net margin of 161.49%. The business had revenue of $181 million for the quarter, compared to analysts’ expectations of $203.44 million. During the same period in the previous year, the firm posted $0.73 EPS. The business’s revenue for the quarter was down 16.6% compared to the same quarter last year. Analysts expect that American Capital Agency Corp. will post $2.53 EPS for the current year.
The company also recently declared a aug 17 dividend, which will be paid on Friday, September 8th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, August 29th. American Capital Agency Corp.’s dividend payout ratio (DPR) is 44.63%.
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American Capital Agency Corp. Company Profile
AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its 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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