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PR Newswire (Thu, 11:00AM)
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PR Newswire (May 10, 2013)
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PR Newswire (May 8, 2013)
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American Capital Agency Corp. Q4 2009 Earnings Call TranscriptMon, Feb 8, 2010
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American Capital Agency Q4 2008 Shareholder CallThu, Feb 5, 2009
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PR Newswire (Thu, 11:00AM)
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PR Newswire (May 10, 2013)
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PR Newswire (May 8, 2013)
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at MarketWatch.com (Apr 24, 2013)
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PR Newswire (Apr 24, 2013)
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PR Newswire (Apr 16, 2013)
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at CNBC.com (Mar 26, 2013)
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PR Newswire (Mar 11, 2013)
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PR Newswire (Mar 7, 2013)
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PR Newswire (Feb 28, 2013)
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PR Newswire (Feb 27, 2013)
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at CNBC.com (Feb 21, 2013)
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PR Newswire (Feb 20, 2013)
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PR Newswire (Feb 7, 2013)
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PR Newswire (Jan 30, 2013)
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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
- Monday, May 13, 12:43 PM The mortgage REITs are lit up bright red (MORT -1.9%), again led by American Capital Agency (AGNC -3.5%) and American Capital Mortgage (MTGE -3%), with Annaly (NLY -3.1%) not far behind. Yes, the 10-year Treasury yield is a 3 bps higher, but there's also rare action in Fed Funds futures, now pricing in a whopping 50 bps in rate hikes by this time 2016. AGNC presents at the JMP Conference at 2 ET. 39 Comments [Financials, On the Move]
- Friday, May 10, 2:39 PM Gary Kain-led American Capital Agency (AGNC -2.8%) and American Capital Mortgage (MTGE -2%) lead the decline in an all-red mREIT sector (MORT -1%) today, with AGNC taking out its post-earnings low from last week. On the earnings call, Kain said upward pressure on rates had cooled to start Q2 and book value was headed higher, but markets may not be cooperating. The 10-year yield is up 8 bps today to a near 2-month high. Others: Annaly (NLY -1.2%), Invesco (IVR -1.2%), MFA (MFA -1.8%), Western Asset (WMC -1.3%). 12 Comments [Financials, On the Move]
- Friday, May 3, 4:13 PM More on American Capital Mortgage Investment (MTGE) Q1 earnings: Like sister company AGNC (also with Gary Kain as CIO), MTGE reports a big mark-to-market loss ($1.66/share) on agency MBS. Loss partially offset by $0.64 gain on non-agency holdings. Spread income of $0.62 - NIM of 2.01%, off 6 bps from Q4. Book value of $24.25/share, down 5.8% from Dec. 31. Shares -2.3% AH after 3.5% loss in regular session. (PR) 20 Comments [Earnings, Financials, On the Move]
- Friday, May 3, 11:19 AM The upward pressure on rates that caused Q1's losses has reversed, says AGNC CIO Gary Kain on the earnings call, and the decline in book value partly reversed in April (don't speak too soon Mr. Kain, the 10-year yield is up 10 bps today). Kain has taken advantage of lower MBS prices to add to the company's portfolio. Prepayments and dollar rolls remained benign in Q1, and Kain expects them to remain so. (slides) 8 Comments [Financials, Breaking News, On the Move]
- Friday, May 3, 11:00 AM American Capital Agency (AGNC -7%) is not far off session lows as the earnings call is set to get underway momentarily (webcast) (slides). Anybody selling or short may want to prepare themselves for CIO Gary Kain laying out very clearly how the rise in rates and the large secondary hurt Q1, but that book value has already strongly rebounded in Q2. 10 Comments [Financials, On the Move, Breaking News]
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Friday, May 3, 9:10 AM
Premarket gainers: PKT +32%. YRCW +27%. INVN +18%. YY +8%. DDD +5%.
Losers: VCRA -35%. ZAGG -24%. GUID -23%. CHE -16%. ARNA -13%. CETV -13%. HMY -9%. LNKD -9%. AGNC -6%. RBS -6%. 3 Comments [On the Move] - Thursday, May 2, 9:17 PM Swept up in the hit to American Capital Agency (AGNC -8.3% AH) is its sister firm American Capital Mortgage (MTGE -5.4% AH). MTGE differs from AGNC in that it invests in non-agency MBS as well as agency paper, but both share Gary Kain as CIO. AGNC's conference call is set for Friday at 11 ET - how much did February's dilutive secondary hit the Q1 numbers? 29 Comments [Financials, On the Move]
- 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]
- 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]
- 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]
- Tuesday, December 18, 2012, 10:32 AM Ellington Financial (EFC +1.5%) gains as Thomas Lott points it out as a cheaper, better-performing alternative to many of its peers in the mREIT industry. The company is actually a partnership - a good thing, writes Lott, as it allows management investment flexibility not available to REITs. The CIO is former Kidder mortgage trader Mike Vranos, who recently picked up more shares, and now owns 12% of the company. Comment! [Financials, On the Move]
- Friday, December 14, 2012, 4:20 PM American Capital Agency Corp. (AGNC) declares $1.25/share quarterly dividend, in line with previous. For shareholders of record Dec. 27. Payable Jan. 28. Ex-div date Dec. 24. Shares +2.3% AH. (PR) 11 Comments [Dividends, On the Move]
- Wednesday, November 7, 2012, 9:40 AM It's a jittery mortgage REIT sector as last night's election assures the Fed will continue to strangle the leveraged operators' net interest margins. Annaly (NLY -2.8%) - the purest of the pure-play agency REITs - still reeling from Monday's poor earnings, leads to the downside. AGNC -2%, TWO -2.3%, HTS -2.1%. 27 Comments [Financials, On the Move]
- Wednesday, October 31, 2012, 10:23 AM In addition to solid earnings and a stock repurchase announcement, American Capital Agency (AGNC +2.5%) basks in the glow of an upgrade to Buy from Hold at Wunderlich. The entire mREIT sector is lit up bright green. MORT +1.6%. 4 Comments [Financials, On the Move]
- Wednesday, October 31, 2012, 10:09 AM American Capital Agency (AGNC) gains 2.2% following Monday's earnings release and buyback announcement. Maybe of most interest was a decline in the CPR - not squaring with either the mortgage refinance boom or other mREIT reports. Weeks ago, CEO Kain told all who would listen he wasn't worried about prepayments since much of the company's holdings are backed by less-likely to be refinanced lower loan balance mortgages. 7 Comments [Financials, On the Move]
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Packrat1987
$AGNC NAV shooting higher today on dovish comments, agency mbs pricing much higher. Too bad $agnc shareholders don't understand that. - View all 0 replies
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LATEST REPLIES
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Mike Maher
With $AGNC trading likely at or below BV, the possibility of an offering are greatly reduced. They may even be buying back shares down here - View all 5 replies
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NickS2001: Yeah, agreed. As tempting as it is I'll avoid for now and enjoy the ride. :) -
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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
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mrmedusa: I'll give you the government answer to that- well, yes and no.
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Pkan51: The 15% just look too good to be true even if the price will never go up again.
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YellowLab1: Added to already oversized position today. Dividend likely stable at least two more quarters. On today's drop distribution nearly 17 % -
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PendragonY: Umm, $AGNC would lose their REIT designation with a cut like that. http://seekingalpha.com/a/tuuh -
Albert Alfonso: umm, AGNC's spread was 1.87X during the quarter... by far the best among the agency mREITs...
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Optionstrader7: and will look to buy more after today's conference call
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