American Capital Agency Corp. (AGNC) Trading Down 0.8%
American Capital Agency Corp. (NASDAQ:AGNC)’s share price fell 0.8% during trading on Monday . The company traded as low as $19.50 and last traded at $19.56, with a volume of 1,637,753 shares trading hands. The stock had previously closed at $19.71.
A number of research firms have recently commented on AGNC. Nomura lowered shares of American Capital Agency Corp. to a “hold” rating in a research report on Saturday, July 9th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of American Capital Agency Corp. in a research report on Thursday, August 4th. Citigroup Inc. boosted their target price on shares of 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. Bank of America Corp. raised shares of American Capital Agency Corp. from an “underperform” rating to a “neutral” rating in a research report on Wednesday, June 29th. Finally, Wunderlich raised shares of American Capital Agency Corp. from a “hold” rating to a “buy” rating and boosted their target price for the stock from $19.50 to $23.00 in a research report on Monday, May 23rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $20.48.
The company’s 50 day moving average is $19.66 and its 200 day moving average is $18.96. The stock’s market cap is $6.46 billion.
American Capital Agency Corp. (NASDAQ:AGNC) last released its quarterly earnings data 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. During the same period last year, the company posted $0.60 earnings per share.
The firm also recently declared a aug 16 dividend, which will be paid on Friday, September 9th. Shareholders of record on Wednesday, August 31st will be issued a dividend of $0.18 per share. This represents a yield of 11.01%. The ex-dividend date of this dividend is Monday, August 29th.
In other American Capital Agency Corp. news, Director Morris A. Davis sold 3,323 shares of the firm’s stock in a transaction on 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 owns 13,885 shares of the company’s stock, valued at approximately $263,815. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Bernice Bell sold 9,504 shares of the firm’s stock in a transaction on Tuesday, July 5th. The shares were 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.
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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