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 hours on Tuesday. $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 companies tracked, American Capital Agency Corp. had the 47th highest net in-flow for the day. American Capital Agency Corp. traded down ($0.01) for the day and closed at $19.52
AGNC has been the subject of a number of research analyst reports. Nomura lowered shares of American Capital Agency Corp. to a “hold” rating in a research note on Saturday, July 9th. Keefe, Bruyette & Woods lowered shares of American Capital Agency Corp. from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $20.25 to $19.75 in a research note on Tuesday, July 19th. Zacks Investment Research lowered shares of American Capital Agency Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Citigroup Inc. upped 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 note on Wednesday, August 3rd. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of American Capital Agency Corp. in a research note on Thursday, August 4th. Two investment 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’s stock. American Capital Agency Corp. currently has an average rating of “Hold” and an average target price of $20.48.
The stock’s 50 day moving average is $19.66 and its 200 day moving average is $18.97. The stock’s market capitalization is $6.47 billion.
American Capital Agency Corp. (NASDAQ:AGNC) last posted its quarterly earnings results on Wednesday, July 27th. The real estate investment trust reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.22. During the same quarter in the prior year, the company earned $0.60 earnings per share.
The business also recently declared a aug 16 dividend, which will be paid on Friday, September 9th. Shareholders of record on Wednesday, August 31st will be paid a $0.18 dividend. This represents a yield of 11.01%. The ex-dividend date is Monday, August 29th.
In other American Capital Agency Corp. news, CFO Peter J. Federico sold 1,643 shares of American Capital Agency Corp. stock in a transaction on Friday, August 26th. The shares were sold at an average price of $19.76, for a total value of $32,465.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary D. Kain sold 368,953 shares of American Capital Agency Corp. 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 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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