Nomura Securities Reiterates a 'Buy' on American Capital Agency (AGNC); Going Strong Despite Any Market Uncertainty
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Price: $10.96 --0%
Rating Summary:
10 Buy, 15 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
10 Buy, 15 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities reiterates a 'Buy' on American Capital Agency (NASDAQ: AGNC) price target of $33.00.
Analyst, Bill Carcache, said, "We continue to see significant value in AGNC shares, which trade at just 1.10x book and generate a stable $1.25 quarterly dividend. Our target price and dividend projections suggest that AGNC will produce total returns of ~35% for full-year 2012 despite the uncertain macro environment."
"We believe AGNC is hands down the best managed agency mortgage REIT in the market today. Key to AGNC’s success is the leadership of Gary Kain, Chief Investment Officer. Recent meetings with Mr. Kain lead us to believe he’s fully engaged and has positioned AGNC to continue to outperform under various scenarios."
For an analyst ratings summary and ratings history on American Capital Agency click here. For more ratings news on American Capital Agency click here.
Shares of American Capital Agency closed at $31.93 yesterday.
Analyst, Bill Carcache, said, "We continue to see significant value in AGNC shares, which trade at just 1.10x book and generate a stable $1.25 quarterly dividend. Our target price and dividend projections suggest that AGNC will produce total returns of ~35% for full-year 2012 despite the uncertain macro environment."
"We believe AGNC is hands down the best managed agency mortgage REIT in the market today. Key to AGNC’s success is the leadership of Gary Kain, Chief Investment Officer. Recent meetings with Mr. Kain lead us to believe he’s fully engaged and has positioned AGNC to continue to outperform under various scenarios."
For an analyst ratings summary and ratings history on American Capital Agency click here. For more ratings news on American Capital Agency click here.
Shares of American Capital Agency closed at $31.93 yesterday.
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