American Capital Agency Corp. (AGNC) was Downgraded by Nomura to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Nomura advised their investors in a research report released on Jul 8, 2016.
Many Wall Street Analysts have commented on American Capital Agency Corp.. American Capital Agency Corp. was Upgraded by BofA/Merrill to ” Neutral” on Jun 29, 2016. Company shares were Upgraded by Wunderlich on May 23, 2016 to ” Buy”, Firm has raised the Price Target to $ 23 from a previous price target of $19.50 .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 .
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 -0.16 points or -0.81% at $19.57 with 36,57,868 shares getting traded on Tuesday. Post opening the session at $19.77, the shares hit an intraday low of $19.5 and an intraday high of $19.78 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Jul 7, 2016, Gary D Kain (Director, CEO, Pres. and CIO) sold 368,953 shares at $19.55 per share price. According to the SEC, on Jul 7, 2016, Bernice Bell (SVP and Chief Accounting Off.) sold 9,504 shares at $19.55 per share price. On Jul 7, 2016, Peter J Federico (EVP and CFO) sold 153,987 shares at $19.55 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.