American Capital Agency Corp. (AGNC) was Upgraded by Wunderlich to ” Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 23 from a previous price target of $19.50 . Earlier the firm had a rating of “Hold ” on the company shares. Wunderlich advised their investors in a research report released on May 23, 2016.
Many Wall Street Analysts have commented on American Capital Agency Corp.. Shares were Reiterated by RBC Capital Mkts on Apr 27, 2016 to “Outperform” and Lowered the Price Target to $ 22 from a previous price target of $23 .Shares were Reiterated by Maxim Group on Apr 27, 2016 to “Buy” and Lowered the Price Target to $ 22 from a previous price target of $23 .
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. opened for trading at $18.74 and hit $18.81 on the upside on Friday, eventually ending the session at $18.77, with a gain of 0.59% or 0.11 points. The heightened volatility saw the trading volume jump to 17,68,938 shares. Company has a market cap of $6,212,870 M.
Investors should note that on May 12, 2016, American Capital Agency Corp. announced a cash dividend of $0.2000. The company’s management has announced May 26, 2016 as the ex-dividend date and fixed the record date on May 31, 2016. The payable date has been fixed on Jun 9, 2016.
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.