BidaskClub Lowers American Capital Agency Corp. (AGNC) to Hold

American Capital Agency Corp. (NASDAQ:AGNC) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Monday, July 24th.

Other equities analysts have also recently issued research reports about 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 objective on the stock in a research report on Tuesday, May 2nd. Deutsche Bank AG lifted their target price on shares of American Capital Agency Corp. from $18.50 to $19.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $19.00 price objective on shares of American Capital Agency Corp. in a research note on Tuesday, July 4th. Finally, Wells Fargo & Company lowered shares of American Capital Agency Corp. from an “outperform” rating to a “market perform” rating and set a $20.50 price objective on the stock. in a research note on Tuesday, April 11th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $20.09.

Shares of American Capital Agency Corp. (NASDAQ AGNC) traded down 0.37% during mid-day trading on Monday, reaching $21.76. 6,187,038 shares of the company’s stock were exchanged. American Capital Agency Corp. has a one year low of $17.30 and a one year high of $22.34.

American Capital Agency Corp. (NASDAQ:AGNC) last released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.07. American Capital Agency Corp. had a net margin of 161.49% and a return on equity of 12.08%. The firm had revenue of $181.00 million for the quarter, compared to analysts’ expectations of $203.44 million. During the same quarter in the previous year, the company earned $0.73 earnings per share. The company’s revenue for the quarter was down 16.6% compared to the same quarter last year. Analysts predict that American Capital Agency Corp. will post $2.53 earnings per share for the current fiscal year.

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Large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC boosted its position in shares of American Capital Agency Corp. by 24.3% during the first quarter. Tower Research Capital LLC TRC now owns 5,584 shares of the real estate investment trust’s stock worth $111,000 after acquiring an additional 1,090 shares during the last quarter. Washington Trust Bank bought a new position in shares of American Capital Agency Corp. during the first quarter worth $121,000. James Investment Research Inc. bought a new position in shares of American Capital Agency Corp. during the first quarter worth $148,000. Penserra Capital Management LLC boosted its position in shares of American Capital Agency Corp. by 42.0% during the first quarter. Penserra Capital Management LLC now owns 7,649 shares of the real estate investment trust’s stock worth $152,000 after acquiring an additional 2,261 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. bought a new position in shares of American Capital Agency Corp. during the first quarter worth $161,000. Hedge funds and other institutional investors own 56.10% of the company’s stock.

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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