American Capital Agency Corp. (AGNC) is Reiterated by RBC Capital Mkts to Outperform, Lowers Price Target to $ 22

American Capital Agency Corp. (AGNC) was Reiterated by RBC Capital Mkts to “Outperform” while Lowering the Price Target of the company shares to $ 22 from a previous price target of $23 . RBC Capital Mkts advised their investors in a research report released on Apr 27, 2016.

On the company’s financial health, American Capital Agency Corp. reported $0.52 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Apr 25, 2016. Analyst had a consensus of $0.56.Analysts expectations of $ 264.31.During the same quarter in the previous year, the company posted $0.46 EPS.

American Capital Agency Corp. closed down -0.02 points or -0.11% at $18.57 with 20,86,169 shares getting traded on Friday. Post opening the session at $18.63, the shares hit an intraday low of $18.45 and an intraday high of $18.6899 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Apr 4, 2016, Christopher Kuehl (Senior VP) sold 6,177 shares at $18.42 per share price. According to the SEC, on Apr 4, 2016, Peter J Federico (SVP and Chief Risk Officer) sold 4,477 shares at $18.42 per share price. On Mar 18, 2016, Gary D Kain (President and CIO) sold 47,956 shares at $18.12 per share price, according to the Form-4 filing with the securities and exchange commission.

American Capital Agency Corp. operates as a real estate investment trust (REIT) in the United States. The Company’s income comes primarily from its investments in agency mortgage-backed securities (agency MBS). The Company’s investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) 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 a United States Government agency such as the Government National Mortgage Association (Ginnie Mae). It also invests in agency debenture securities issued by Freddie Mac Fannie Mae or the Federal Home Loan Bank and in other agency securities. The Company is externally managed by American Capital AGNC Management LLC an affiliate of American Capital Ltd.

American Capital Agency Corp.

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