American Capital Agency Corp. (AGNC) Short Interest Up 18.4% in August

American Capital Agency Corp. (NASDAQ:AGNC) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 18,919,394 shares, a growth of 18.4% from the August 15th total of 15,982,688 shares. Based on an average daily volume of 3,195,049 shares, the days-to-cover ratio is currently 5.9 days. Approximately 5.3% of the company’s shares are sold short.

Shares of American Capital Agency Corp. (AGNC) opened at 21.11 on Friday. The stock’s 50 day moving average is $21.32 and its 200 day moving average is $20.78. American Capital Agency Corp. has a 12 month low of $17.30 and a 12 month high of $22.34. The firm has a market cap of $7.51 billion, a PE ratio of 4.42 and a beta of 0.20.

American Capital Agency Corp. (NASDAQ:AGNC) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.07. American Capital Agency Corp. had a return on equity of 12.08% and a net margin of 161.49%. The business had revenue of $181.00 million during the quarter, compared to analysts’ expectations of $203.44 million. During the same quarter in the previous year, the business earned $0.73 EPS. The company’s revenue for the quarter was down 16.6% on a year-over-year basis. On average, analysts anticipate that American Capital Agency Corp. will post $2.53 earnings per share for the current fiscal year.

The company also recently announced a sep 17 dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.18 per share. The ex-dividend date is Thursday, September 28th. American Capital Agency Corp.’s payout ratio is currently 44.63%.

A number of brokerages recently issued reports on AGNC. BidaskClub raised shares of American Capital Agency Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $19.00 target price on shares of American Capital Agency Corp. in a research report on Tuesday, July 4th. Maxim Group reaffirmed a “buy” rating and issued a $21.25 target price on shares of American Capital Agency Corp. in a research report on Thursday, July 27th. Zacks Investment Research cut shares of American Capital Agency Corp. from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $20.00 target price on shares of American Capital Agency Corp. in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.14.

Several large investors have recently modified their holdings of the company. World Asset Management Inc grew its holdings in shares of American Capital Agency Corp. by 1.8% during the 1st quarter. World Asset Management Inc now owns 18,670 shares of the real estate investment trust’s stock worth $371,000 after purchasing an additional 334 shares during the period. Public Employees Retirement Association of Colorado grew its holdings in shares of American Capital Agency Corp. by 1.1% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 62,487 shares of the real estate investment trust’s stock worth $1,330,000 after purchasing an additional 658 shares during the period. Stratos Wealth Partners LTD. grew its holdings in shares of American Capital Agency Corp. by 6.6% during the 1st quarter. Stratos Wealth Partners LTD. now owns 11,310 shares of the real estate investment trust’s stock worth $225,000 after purchasing an additional 700 shares during the period. IFP Advisors Inc grew its holdings in shares of American Capital Agency Corp. by 0.7% during the 2nd quarter. IFP Advisors Inc now owns 130,986 shares of the real estate investment trust’s stock worth $2,789,000 after purchasing an additional 850 shares during the period. Finally, Level Four Advisory Services LLC grew its holdings in shares of American Capital Agency Corp. by 8.5% during the 1st quarter. Level Four Advisory Services LLC now owns 11,648 shares of the real estate investment trust’s stock worth $235,000 after purchasing an additional 913 shares during the period. Institutional investors and hedge funds own 60.77% of the company’s stock.

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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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