BidaskClub Upgrades American Capital Agency Corp. (AGNC) to “Strong-Buy”
American Capital Agency Corp. (NASDAQ:AGNC) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Tuesday.
A number of other equities analysts have also commented on the stock. Zacks Investment Research upgraded shares of American Capital Agency Corp. from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Tuesday, May 2nd. Deutsche Bank AG lifted their price target on shares of American Capital Agency Corp. from $18.50 to $19.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Maxim Group reiterated a “buy” rating and set a $21.25 price target on shares of American Capital Agency Corp. in a report on Thursday, July 27th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $19.00 price target on shares of American Capital Agency Corp. in a report on Tuesday, July 4th. Finally, Credit Suisse Group reiterated a “hold” rating and set a $20.00 price target on shares of American Capital Agency Corp. in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $20.14.
Shares of American Capital Agency Corp. (AGNC) traded up 0.65% during mid-day trading on Tuesday, hitting $21.55. 3,404,468 shares of the company’s stock traded hands. American Capital Agency Corp. has a 52 week low of $17.30 and a 52 week high of $22.34. The company has a market cap of $7.66 billion, a PE ratio of 4.51 and a beta of 0.20.
American Capital Agency Corp. (NASDAQ:AGNC) last issued its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.07. The company had revenue of $181 million for the quarter, compared to analyst estimates of $203.44 million. American Capital Agency Corp. had a net margin of 161.49% and a return on equity of 12.08%. American Capital Agency Corp.’s revenue was down 16.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.73 earnings per share. On average, equities analysts predict that American Capital Agency Corp. will post $2.53 earnings per share for the current year.
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In related news, Director Morris A. Davis sold 3,741 shares of American Capital Agency Corp. stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $20.80, for a total transaction of $77,812.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.47% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its stake in American Capital Agency Corp. by 24.3% in the first quarter. Tower Research Capital LLC TRC now owns 5,584 shares of the real estate investment trust’s stock valued at $111,000 after buying an additional 1,090 shares during the period. James Investment Research Inc. bought a new stake in American Capital Agency Corp. during the first quarter valued at $148,000. Penserra Capital Management LLC increased its stake in American Capital Agency Corp. by 42.0% in the first quarter. Penserra Capital Management LLC now owns 7,649 shares of the real estate investment trust’s stock valued at $152,000 after buying an additional 2,261 shares during the period. Mn Services Vermogensbeheer B.V. bought a new stake in American Capital Agency Corp. during the first quarter valued at $161,000. Finally, Capstone Asset Management Co. bought a new stake in American Capital Agency Corp. during the second quarter valued at $219,000. 55.75% of the stock is owned by hedge funds and other institutional investors.
About American Capital Agency Corp.
AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its 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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