American Capital Agency Corp. (AGNC) Sees Strong Trading Volume
Shares of American Capital Agency Corp. (NASDAQ:AGNC) saw unusually-strong trading volume on Wednesday . Approximately 2,268,921 shares were traded during trading, a decline of 4% from the previous session’s volume of 2,356,341 shares.The stock last traded at $19.30 and had previously closed at $19.53.
A number of equities analysts recently commented on AGNC shares. Wunderlich upgraded American Capital Agency Corp. from a “hold” rating to a “buy” rating and lifted their price target for the stock from $19.50 to $23.00 in a report on Monday, May 23rd. Zacks Investment Research upgraded American Capital Agency Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, May 11th. Nomura cut American Capital Agency Corp. to a “hold” rating in a report on Saturday, July 9th. JPMorgan Chase & Co. restated a “hold” rating and set a $20.00 price objective on shares of American Capital Agency Corp. in a report on Friday, July 29th. Finally, Keefe, Bruyette & Woods cut American Capital Agency Corp. from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $20.25 to $19.75 in a report on Tuesday, July 19th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. The company currently has a consensus 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 $18.97. The stock’s market capitalization is $6.39 billion.
American Capital Agency Corp. (NASDAQ:AGNC) last issued its quarterly earnings results on Wednesday, July 27th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.22. During the same quarter in the previous year, the business posted $0.60 EPS.
The business also recently declared a aug 16 dividend, which will be paid on Friday, September 9th. Stockholders of record on Wednesday, August 31st will be paid a dividend of $0.18 per share. The ex-dividend date is Monday, August 29th. This represents a dividend yield of 11.01%.
In related news, SVP Bernice Bell sold 9,504 shares of the firm’s stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of $19.55, for a total value of $185,803.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher Kuehl sold 153,987 shares of the firm’s stock in a transaction that occurred 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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