American Capital Agency Corp. (NASDAQ:AGNC) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $20.10 and last traded at $19.99, with a volume of 1,572,328 shares trading hands. The stock had previously closed at $20.01.

AGNC has been the subject of a number of research analyst reports. JPMorgan Chase & Co. downgraded shares of American Capital Agency Corp. from an “overweight” rating to a “neutral” rating and set a $20.00 price objective for the company. in a research note on Monday, July 18th. Keefe, Bruyette & Woods downgraded shares of American Capital Agency Corp. from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $20.25 to $19.75 in a research note on Tuesday, July 19th. Zacks Investment Research downgraded shares of American Capital Agency Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Nomura downgraded shares of American Capital Agency Corp. from a “buy” rating to a “neutral” rating and set a $21.00 price objective for the company. in a research note on Friday, July 8th. Finally, Maxim Group reaffirmed a “buy” rating and set a $22.00 price objective (down previously from $23.00) on shares of American Capital Agency Corp. in a research note on Wednesday, April 27th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $20.48.

The company’s market capitalization is $6.61 billion. The firm has a 50-day moving average price of $19.56 and a 200-day moving average price of $18.71.

American Capital Agency Corp. (NASDAQ:AGNC) last announced its quarterly earnings data on Wednesday, July 27th. The real estate investment trust reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.22. During the same period last year, the business earned $0.60 EPS.

The firm also recently disclosed a aug 16 dividend, which will be paid on Friday, September 9th. Shareholders of record on Wednesday, August 31st will be given a dividend of $0.18 per share. The ex-dividend date is Monday, August 29th. This represents a yield of 11.01%.

In other American Capital Agency Corp. news, Director Morris A. Davis sold 3,323 shares of the firm’s stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $19.00, for a total transaction of $63,137.00. Following the completion of the sale, the director now directly owns 13,885 shares in the company, valued at approximately $263,815. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Bernice Bell sold 9,504 shares of the firm’s stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $19.55, for a total value of $185,803.20. The disclosure for this sale can be found here.

A number of large investors have made changes to their positions in AGNC. State of New Jersey Common Pension Fund D raised its stake in shares of American Capital Agency Corp. by 114.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 483,000 shares of the real estate investment trust’s stock worth $8,375,000 after buying an additional 258,000 shares during the last quarter. Vanguard Group Inc. increased its stake in American Capital Agency Corp. by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 23,016,143 shares of the real estate investment trust’s stock worth $399,100,000 after buying an additional 531,556 shares during the period. I.G. Investment Management LTD. increased its stake in American Capital Agency Corp. by 29.3% in the fourth quarter. I.G. Investment Management LTD. now owns 85,475 shares of the real estate investment trust’s stock worth $1,482,000 after buying an additional 19,368 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in American Capital Agency Corp. by 7.1% in the fourth quarter. BNP Paribas Arbitrage SA now owns 964,566 shares of the real estate investment trust’s stock worth $16,726,000 after buying an additional 64,020 shares during the period.

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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