American Capital Agency Corp. (NASDAQ:AGNC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday.

According to Zacks, “American Capital Agency continues to operate in a challenging interest rate and global economic environment. In fact, widespread volatility in the market has added to its woes and the company is anticipated to get no respite any time soon. As a result the stock price is susceptible to fluctuations. Amid this environment, though American Capital Agency continues to adjust its investment portfolio, it is expected that risk management would continue to be prioritized over incremental returns, at least in the short term. Nevertheless, the company’s acquisition of its external manager American Capital Mortgage Management is likely to lower the run-rate operating costs. Further, its share repurchase program is encouraging for shareholders.”

Other research analysts have also issued reports about the company. Vetr raised American Capital Agency Corp. from a “hold” rating to a “buy” rating and set a $19.53 target price on the stock in a report on Thursday, October 6th. Nomura lowered American Capital Agency Corp. to a “hold” rating in a report on Saturday, July 9th. JPMorgan Chase & Co. reissued a “hold” rating and issued a $20.00 price target on shares of American Capital Agency Corp. in a research note on Friday, July 29th. Keefe, Bruyette & Woods cut American Capital Agency Corp. from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $20.25 to $19.75 in a research note on Tuesday, July 19th. Finally, Citigroup Inc. lifted their price target on American Capital Agency Corp. from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 3rd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. American Capital Agency Corp. has an average rating of “Hold” and an average price target of $20.64.

Analyst Recommendations for American Capital Agency Corp. (NASDAQ:AGNC)

Shares of American Capital Agency Corp. (NASDAQ:AGNC) traded up 0.99% on Thursday, hitting $19.43. 1,451,181 shares of the stock traded hands. The stock’s market cap is $6.43 billion. American Capital Agency Corp. has a one year low of $15.69 and a one year high of $20.10. The company’s 50 day moving average is $19.42 and its 200 day moving average is $19.20.

American Capital Agency Corp. (NASDAQ:AGNC) last released its earnings results on Wednesday, July 27th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.22. American Capital Agency Corp. had a positive return on equity of 9.64% and a negative net margin of 103.59%. During the same quarter last year, the company earned $0.60 EPS.

The company also recently declared a oct 16 dividend, which will be paid on Tuesday, November 8th. Stockholders of record on Monday, October 31st will be issued a dividend of $0.18 per share. The ex-dividend date is Thursday, October 27th. American Capital Agency Corp.’s dividend payout ratio is -74.48%.

In related news, CEO Gary D. Kain sold 3,931 shares of the business’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $19.76, for a total value of $77,676.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Peter J. Federico sold 1,643 shares of the business’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $19.76, for a total value of $32,465.68. The disclosure for this sale can be found here. Insiders own 0.21% of the company’s stock.

A number of large investors have recently bought and sold shares of AGNC. Artemis Investment Management LLP bought a new stake in American Capital Agency Corp. during the second quarter valued at $45,849,000. BlackRock Fund Advisors raised its stake in American Capital Agency Corp. by 16.0% in the second quarter. BlackRock Fund Advisors now owns 16,466,537 shares of the real estate investment trust’s stock valued at $326,367,000 after buying an additional 2,268,419 shares during the period. Artisan Partners Limited Partnership raised its stake in American Capital Agency Corp. by 25.0% in the second quarter. Artisan Partners Limited Partnership now owns 7,823,809 shares of the real estate investment trust’s stock valued at $155,068,000 after buying an additional 1,564,825 shares during the period. Acadian Asset Management LLC raised its stake in American Capital Agency Corp. by 1,001.8% in the second quarter. Acadian Asset Management LLC now owns 1,497,010 shares of the real estate investment trust’s stock valued at $29,671,000 after buying an additional 1,361,140 shares during the period. Finally, Emerald Acquisition Ltd. bought a new stake in American Capital Agency Corp. during the second quarter valued at $26,734,000. Hedge funds and other institutional investors own 59.78% of the company’s stock.

About American Capital Agency Corp.

American Capital Agency Corp. is a real estate investment trust (REIT). The Company primarily invests on a leveraged basis in agency mortgage-backed securities (agency MBS). The Company’s 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).

5 Day Chart for NASDAQ:AGNC

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