Wells Fargo Starts American Capital Agency (AGNC) at Outperform; Top Pick in Agency REIT Sector

Wells Fargo initiates coverage on American Capital Agency (NASDAQ: AGNC) with an Outperform. PT range $27-$29.

Wells analyst says, "We consider AGNC to be our top pick in the Agency REIT sector due to (1) having a strong management team, (2) execution of its relative value strategy, and (3) our expectation for industry leading economic returns. We are establishing 2011 and 2012 EPS estimates of $5.61 and $5.21, respectively."

For more ratings news on American Capital Agency click here and for the rating history of American Capital Agency click here.

Shares of American Capital Agency closed at $28.98 yesterday.

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