PR Newswire (Thu, 11:00AM)
Quote & Headlines
Market Currents
StockTalk
Today
5d
1m
3m
1y
5y
10y
52wk high:
52wk low:
EPS:
PE:
Div Rate:
Yield:
Market Cap:
Volume:
22,809 people get AGNC articles and Market Currents by email alert.
Get email alerts on AGNC »
HEADLINES:
ALL
|
PRO
|
FOCUS
|
RELATED
|
TRANSCRIPTS
|
NEWS & PR
-
-
-
-
-
-
-
-
-
-
PR Newswire (May 10, 2013)
-
-
-
PR Newswire (May 8, 2013)
-
-
-
-
-
-
-
American Capital Agency Corp. Q4 2009 Earnings Call TranscriptMon, Feb 8, 2010
-
American Capital Agency Q4 2008 Shareholder CallThu, Feb 5, 2009
-
PR Newswire (Thu, 11:00AM)
-
PR Newswire (May 10, 2013)
-
PR Newswire (May 8, 2013)
-
at MarketWatch.com (Apr 24, 2013)
-
PR Newswire (Apr 24, 2013)
-
PR Newswire (Apr 16, 2013)
-
at CNBC.com (Mar 26, 2013)
-
PR Newswire (Mar 11, 2013)
-
PR Newswire (Mar 7, 2013)
-
PR Newswire (Feb 28, 2013)
-
PR Newswire (Feb 27, 2013)
-
at CNBC.com (Feb 21, 2013)
-
PR Newswire (Feb 20, 2013)
-
PR Newswire (Feb 7, 2013)
-
PR Newswire (Jan 30, 2013)
-
at CNBC.com (Jan 15, 2013)
AGNC vs. ETF Alternatives
Company Description
American Capital Agency Corp. was organized on January 7, 2008, and commenced operations on May 20, 2008 following the completion of our initial public offering (“IPO”). In connection with the IPO, we sold ten million shares of our common stock at $20.00 per share for net proceeds of $186... More
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Thursday, April 18, 11:17 PM Mortgage REITs (MORT) catch the eye of D.C., with the Financial Stability Oversight Council reportedly set to cite the industry as a potential source of market vulnerability. The companies have seen assets quadruple to over $400B since 2009, but Annaly (NLY) CEO Wellington Denahan notes their capital bases have risen as well. A Two Harbors (TWO) presentation (page 8) shows mREITs are relatively small players in the MBS market. Maybe the Fed and the GSEs just don't like the competition. Annaly and American Capital (AGNC) are the 2 biggest mREITs, with Two Harbors a distant 3rd. 42 Comments [Financials]
- Wednesday, April 17, 1:01 PM Often a spot to hide during big selloffs, mortgage REITs (MORT -2.3%) slide sharply as well, particularly the hybrids (exposed to credit risk through non-agency MBS holdings). IVR -2.3%, TWO -3.3%, DX -2.5%. The sector giants: NLY -2.2%, AGNC -1.3%. One trader reminds mREITs are small caps and the Russell 2000 (IWM -2.2%) has been particularly hard hit of late. The 10-15% yields offer a nice palliative. 2 Comments [Financials, On the Move]
- Friday, April 5, 10:10 AM Outperforming today (and one wonders why they aren't green) are the mortgage REITs, as the weak jobs number sends bond yields lower, and - presumably - their book values higher. NLY -0.6%, AGNC -0.8%, ARR -0.5%. CIM, CYS, and JMI just poke into positive territory. MORT -0.9%. 10 Comments [Financials]
- Thursday, March 28, 8:25 AM The explosion in assets at mREITs may pose risks, but not all of mortgage investors are created alike. Gary Kain's (AGNC) assembled an all-star team of his former Freddie Mac colleagues used to dealing with far larger amounts of assets, but "others have no business having a balance sheet that big," says Compass Point's Jason Stewart. Armour Residential (ARR) is "pushing the limit of what their infrastructure can support." 15 Comments [Financials]
- Thursday, March 7, 4:34 PM American Capital Agency Corp. (AGNC) declares $1.25/share quarterly dividend, in line with previous. Forward yield 15.52%. For shareholders of record Mar. 20. Payable Apr. 26. Ex-div date Mar. 18. (PR) 13 Comments [Dividends]
- Wednesday, March 6, 2:43 PM Nobody rings a bell, says American Capital Agency (AGNC) CEO Gary Kain, presenting at the Citi Financial Services Conference (webcast) (slides). He doesn't feel he's got any better idea about when rates might move higher than the next guy, and says it's management's job to stay as fully hedged as possible. 4 Comments [Financials]
- Thursday, February 28, 10:36 AM American Capital Agency (AGNC -3.5%) prices its 50M share secondary at what appears to be $31.60/share for gross proceeds of $1.5B. Underwriters have the option to purchase another 7.5M shares. The float was 338M shares prior to the offering. Book value as of Dec. 31 was $31.64. (PR) 7 Comments [Financials, On the Move]
- Wednesday, February 27, 6:11 PM American Capital Agency (AGNC) announces a 50M share secondary offering. The company expects to use net proceeds from the offering to acquire additional agency securities as market conditions warrant and for general corporate purposes. BAML, Citigroup, Credit Suisse, Goldman, Sachs, JPMorgan and Morgan Stanley are all joint book-running managers. Shares -3% AH. 28 Comments [Financials, On the Move]
- Tuesday, February 12, 1:41 PM MBS (MBB) are in a bit of a bear market, falling back to levels not seen since the Bank of Bernanke took aim at raising their prices (lowering yields) with QE∞ in September. A buyer at these prices is AGNC's and MTGE's Gary Kain, who says the pendulum has swung back to favoring agency MBS purchases instead of non-agency paper. 1 Comment [Financials]
- Tuesday, February 12, 11:09 AM Increasing book value in Q4 while most other agency REITs declined, American Capital Mortgage (MTGE) CIO Gary Kain says it was all about great performance in its non-agency holdings. But, ask an earnings caller (transcript), only 10% of assets were in non-agencies. Don't forget capital allocation, says Kain - 30% of the firm's capital was in the non-agency sector. It's a number sure to come down in Q1 as Kain says the better opportunities now are in agency MBS. 2 Comments [Financials]
- Monday, February 11, 10:25 AM American Capital Mortgage (MTGE +4.5%) gains after Friday evening's earnings. The $25.74 Dec. 31 book value is up $0.53 from Q3, with share repurchases accounting for $0.02 of that. With less than 10% of the portfolio in non-agency MBS, the company is somehow maintaining a healthy net interest margin - 188 bps vs. 190 in Q3. Company CIO is Gary Kain (also of AGNC). (PR) Comment! [Earnings, Financials, On the Move]
- Friday, February 8, 9:32 AM Asked on the earnings call if a large increase in hedging activity is a sign the company believes interest rates are set to rise, American Capital (AGNC +1.4%) CIO Gary Kain says not necessarily. The Fed's iron grip on the yield curve has driven bond volatility so low and made hedging so cheap, it doesn't make sense not to hedge - it's a nearly-free call on the chance of higher rates. This just in: Gary Kain knows his business. 3 Comments [Financials]
- Thursday, February 7, 4:30 PM More on American Capital Agency (AGNC) Q4 earnings: Book value of $31.64, down 2.6% from Q3. As comparison Annaly BV dropped 4.5%, CYS by 7.9%. 7.0X leverage as of Dec. 31. Net interest spread rises 24 bps to 1.63, management taking advantage of favorable financing in the TBA dollar roll market. 2.7M shares repurchased (less than 1% of the float) at average of $29/share. Shares off a hair AH. (PR) 5 Comments [Earnings, Financials]
- Thursday, February 7, 4:04 PM American Capital Agency (AGNC): Q4 EPS of $2.37 may not be comparable to estimates of $0.94. Comprehensive income of $0.36/share (the $2.37/share net income, less $2.01/share unrealized mark-to-market losses); $0.89/share net spread income. Net book value of $31.64/common share. (PR) 2 Comments [Earnings, Breaking News, Financials]
- Thursday, February 7, 12:10 AM Notable earnings after Thursday’s close: AGNC, ALNY, ASYS, ATHN, ATVI, AVNR, CSTR, DCT, FLT, G, HAS, LNKD, MCHP, NCR, NFG, NUAN, OPEN, PRI, RGC, RSG, RVBD, SNCR, SPWR, TSRA, UBNT, WWWW, XL Comment! [Earnings]
- Wednesday, February 6, 5:35 PM Notable earnings after Thursday’s close: AGNC, ALNY, ASYS, ATHN, ATVI, AVNR, CSTR, DCT, FLT, G, HAS, LNKD, MCHP, NCR, NFG, NUAN, OPEN, PRI,RGC, RSG, RVBD, SNCR, SPWR, TSRA, UBNT, WWWW, XL Comment! [Earnings]
-
- View all 0 replies
-
- View all 0 replies
-
- View all 0 replies
-
- View all 0 replies
-
- View all 5 replies
-
-
-
soboroboro24
what to do $AGNC $ACAS $WMC what to do cut the loses an run or stick hope for a recuperation - View all 7 replies
-
-
-
- View all 4 replies
-
-
-
- View all 1 replies
-
-
- View all 0 replies
-
Mike Maher
$AGNC just feels like it wants to go lower...Buyback shouldnt really be a factor til under 429 - View all 0 replies
LATEST REPLIES
-
- View all 4 replies
-
Dividend Living: Rising long term rates drop book value but raise spreads. If management can maintain BV better than this, its a good thing. -
-
Albert Alfonso
wow, of the 3 pure-play agency mREITs I follow ($CYS, $AGNC, $NLY), CYS had the best quarter... yet it trades a a 10% discount to BV... - View all 2 replies
-
Kenneth Pounds: tons of perceived risk in those things remember Novastar and New Century? They powered down to zero in a blink of an eye -
-
- View all 13 replies
-
-
-
- View all 4 replies
-
Chines33: I remember thinking this was expensive at 28. But may be worth a quick trade under 30.
-
-
Albert Alfonso
disappointed w/ the $AGNC numbers. 6 months worth of dividends lost in BV. silver lining? Mostly unrealized, so it has a chance to recover - View all 4 replies
-
soboroboro24: yes WMC AGNC and yesturday was ACAS do you see it coming back or mor pain ahed
-
Albert Alfonso: I think you will see a sharp drop at the open then a slow recovery till closing. I set a buy order @ 30. $MTGE is also a good bet....
-
- View all 2 replies
-
-
Iron Hamster: AGNC owners will take a killing if rates increase. So will the Fed, so the odds are slim we will ever, ever see that.
-
- View all 1 replies
-
-
- View all 9 replies
-
-
-
- View all 1 replies
-
DaLatin: They cut. ARR has 3 cuts in a row. or is it 4. From 11 to 7/month. Not hedged agaist rate increases.Good thing Ben will let Yellen hike !
-
- View all 2 replies
-
-
-
Vampyroteuthis infernalis
Wouldn't be surprised if $AGNC announced a secondary pricing closer to the book value of $31.64 before the March dividend. What say you ? - View all 6 replies
-
-
-
- View all 6 replies
-
-
-
- View all 1 replies
-
Vampyroteuthis infernalis: This is a good sign, it means they'll have more money to pump into TBA rolls.
-
- View all 2 replies
-
-
Jack Rice: Both cool but mtge may have more growth headroom if you want that to go with the div. & mtge can move in & out of agency MBS. I'm long both.
-
- View all 12 replies
-
Joseph P. Porter: Sorry, Joe - this thread hasn't been touched in almost 5 months. No longer into mREITs, Check with a more current thread.
-
