Investors Buy Shares of American Capital Agency Corp. (AGNC) on Weakness
Investors purchased shares of American Capital Agency Corp. (NASDAQ:AGNC) on weakness during trading on Monday. $11.28 million flowed into the stock on the tick-up and $6.65 million flowed out of the stock on the tick-down, for a money net flow of $4.63 million into the stock. Of all stocks tracked, American Capital Agency Corp. had the 23rd highest net in-flow for the day. American Capital Agency Corp. traded down ($0.01) for the day and closed at $19.52
Several equities research analysts have issued reports on AGNC shares. Wunderlich upgraded shares of American Capital Agency Corp. from a “hold” rating to a “buy” rating and lifted their price target for the company from $19.50 to $23.00 in a research note on Monday, May 23rd. Zacks Investment Research upgraded shares of American Capital Agency Corp. from a “hold” rating to a “strong-buy” rating and set a $22.00 price target on the stock in a research note on Tuesday, June 28th. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $20.00 price target on shares of American Capital Agency Corp. in a research note on Friday, July 29th. Nomura lowered shares of American Capital Agency Corp. from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a research note on Friday, July 8th. Finally, Bank of America Corp. upgraded shares of American Capital Agency Corp. from an “underperform” rating to a “neutral” rating in a research note on Wednesday, June 29th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $20.48.
The firm’s market capitalization is $6.46 billion. The firm has a 50 day moving average of $19.66 and a 200 day moving average of $18.96.
American Capital Agency Corp. (NASDAQ:AGNC) last released its quarterly earnings data on Wednesday, July 27th. The real estate investment trust reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.22. During the same quarter last year, the company posted $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 issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, August 29th. This represents a yield of 11.01%.
In other American Capital Agency Corp. news, CEO Gary D. Kain sold 368,953 shares of the company’s stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $19.55, for a total transaction of $7,213,031.15. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Christopher Kuehl sold 153,987 shares of the company’s stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $19.55, for a total transaction of $3,010,445.85. 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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