Market Overview

UPDATE: Stifel Nicolaus Raises PT to $35 on American Capital Agency on Book Value Gains

Share:
Related AGNC
Enticing Yields And Risks With Mortgage REIT ETFs
American Capital Concludes Initial Phase of Strategic Review; SaysWill Solicit Offers to Purchase Company or Business Lines
Ignore Risk Management At Your Peril (Seeking Alpha)

Stifel Nicolaus reiterated its Buy rating on American Capital Agency (NASDAQ: AGNC) and increased its price target from $34.50 to $35.

Stifel Nicolaus commented, "With a 15.8% dividend yield, trading slightly below book, and holding one of the most prepayment protected portfolios in the group we remain positive on AGNC. That said we are cautious on the group and see little near-term relief from the key issues of rising prepayment speeds and interest spread compression. We also see the challenges of adding to book value through adept trading and above-book capital raising as increasingly limited, leaving AGNC in a position where maintaining the dividend may require paying out book value."

American Capital Agency closed at $31.70 on Tuesday.

Latest Ratings for AGNC

DateFirmActionFromTo
Feb 2016Deutsche BankMaintainsHold
Dec 2015Morgan StanleyDowngradesEqual-weightUnderweight
Oct 2015WunderlichDowngradesBuyHold

View More Analyst Ratings for AGNC
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (AGNC)

View Comments and Join the Discussion!

Get Benzinga's Newsletters