Quote & Headlines
Market Currents
StockTalk
Today
5d
1m
3m
1y
5y
10y
52wk high:
52wk low:
EPS:
PE:
Div Rate:
Yield:
Market Cap:
Volume:
23,357 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 16, 2013)
-
-
-
-
-
-
-
-
-
PR Newswire (May 10, 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 (May 16, 2013)
-
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, May 23, 3:34 PM "Every business is going to have cycles (of) good times and bad times," says American Capital (AGNC, MTGE) CIO Gary Kain, speaking at a conference (transcript) (presentation), and not willing to admit this is a bad time. The reality, he says, is all those Fed purchases haven't tightened up mortgage spreads all that much. "(It's confusing to me ... I mean we didn't expect them to perform the way they did." 8 Comments [Financials]
- Thursday, May 23, 3:01 PM Agency MBS fail to bounce from the "massive liquidation" following Bernanke's testimony yesterday, according to CIBC's Tom Tucci. Suggestions of a tapering of Fed purchases sent Fannie Mae MBS with 3% coupons to their lowest levels of the year. "Right now it seems the only source of demand is the Fed," says BAML's Brad Scott. Unsurprisingly, pure agency mREITs like AGNC and ARR hit 52-week lows today. Annaly (NLY) - now diversified into the commercial space with the CXS purchase - outperforms. 13 Comments [Financials]
- Friday, May 17, 8:27 AM "The issue isn't if the Fed exits, it's a question of whether they exit way earlier than expected," American Capital (AGNC) CIO Gary Kain tells Bloomberg, feeling his portfolio is better positioned now than in Q1, when higher rates took a chunk out of book value. The Fed will be "extremely slow" in its withdrawal, says KBW's Mike Widner. "That spells an environment that actually gets better for the mREITs (MORT, REM) before it gets worse." 15 Comments [Financials]
- Wednesday, May 15, 10:05 AM The mortgage REIT sector (MORT -1%) continues under pressure, today led by Western Asset Mortgage (WMC -7.6%) as its book value blew up in Q1 thanks to portfolio losses. American Capital Agency (AGNC -1.5%) - which started the downturn when it reported losses 2 weeks ago - nears a 52-week low, Armour Residential (ARR -3.1%) hits one. One trader suggests Capstead Mortgage (CMO -1.4%) with a portfolio of mostly reset ARMs the least affected by rising rates. CYS Investments (CYS -0.7%) - trading at a 10% discount to book and also owning ARMs - is attractive as well. 18 Comments [Financials, Quick Ideas]
- 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]
- Monday, May 6, 9:50 AM More sell-side on the mREITS (MORT): Maxim keeps a Buy with $33 PT on AGNC expecting the annual dividend to be maintained at $5/share thanks to $1.08 of undistributed taxable income in the kitty (KBW agrees). Jefferies is cautious, calling AGNC's Q1 tale an example of how even a well-run mREIT can run afoul. "Price and extension risk inherent in agency MBS (NLY, HTS, CYS, CMO, ANH, ARR, WMC) today are risks most investors underestimate." 10 Comments [Financials]
- Monday, May 6, 9:17 AM American Capital Agency (AGNC) and CYS Investments are downgraded to Hold at Nomura following AGNC's ugly Q1 (CYS also had a substantial decline in BV during Q1). Analyst Bill Carcache notes "mortgage market dynamics are increasingly volatile and unpredictable," with AGNC in double-trouble thanks to complacency about prepayment risk. AGNC +0.9%, CYS -0.7% premarket. 5 Comments [Financials]
- Sunday, May 5, 12:55 PM Taking a bow for his mid-March call laying out American Capital Agency's (AGNC) quarter 6 weeks ahead of the earnings release, SA Pro's Dane Bowler - in as lucid an explanation (embargoed until Monday afternoon) of agency REITs as you're likely to find - says a cut in the annual dividend to the sustainable level of $3.50/share (30% below current) and a stock price of $25.50 would turn him bullish again. 7 Comments [Financials, Quick Ideas]
- 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]
-
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]
- Thursday, May 2, 4:19 PM More on American Capital Agency (AGNC) Q1 earnings: Comprehensive loss of $1.57/share includes $0.64 of net income and $2.21 loss on marked-to-market investments. Book value dives to $28.93 from $31.64 on Dec. 31. CIO Kain: "Specified mortgage securities also materially underperformed ... (and) led to the decline in our book value." Shares -2.4% to $32.32 AH. (PR) 15 Comments [Earnings, Financials]
- Thursday, May 2, 4:09 PM American Capital Agency (AGNC): Q1 "comprehensive" EPS of -$1.57 may not be comparable to profit estimate of $1.08. Shares -1.8% AH. (PR) 16 Comments [Earnings, Financials, Breaking News]
-
- View all 14 replies
-
rheimerl: if they cut... it would be to the area of $1.00 a quarter....could get to $25 ish -
TruffelPig: No, when it went from 1.4 to 1.25 price did not drop much. It went up.
-
- View all 0 replies
-
- View all 2 replies
-
Energysystems: These mortgage reit's have been hammered, but I believe that the cheap money policies will continue to their benefit. -
SaltyDog62: I totally agree. This sector is oversold now, let's see what Q2 looks like.
-
- View all 0 replies
-
- View all 0 replies
-
- View all 0 replies
-
Albert Alfonso
$CYS, $MTGE, $AGNC are all cheap at these levels and are trading at large discounts to BV - View all 2 replies
-
Dividend Living: I havnt seen these discounts to book value since november 2012. BV fears from rising rates are overblown just like spread fears in november -
obendezu: weak labor data pulls the s&p down and so AGNC an other stocks... but this very labor data will cause the fed to continue its QE!
-
- View all 2 replies
-
-
-
- View all 7 replies
-
NickS2001: still looking at a 8.5% yield based on that price. That's still a respectable yield.
-
NickS2001: I might pick some up tomorrow. I have an inkling we'll see a flat day tomorrow or more down.
-
- View all 0 replies
LATEST REPLIES
-
- View all 2 replies
-
Energysystems: These mortgage reit's have been hammered, but I believe that the cheap money policies will continue to their benefit.
-
SaltyDog62: I totally agree. This sector is oversold now, let's see what Q2 looks like.
-
Albert Alfonso
$CYS, $MTGE, $AGNC are all cheap at these levels and are trading at large discounts to BV - View all 2 replies
-
Dividend Living: I havnt seen these discounts to book value since november 2012. BV fears from rising rates are overblown just like spread fears in november
-
obendezu: weak labor data pulls the s&p down and so AGNC an other stocks... but this very labor data will cause the fed to continue its QE!
-
- View all 2 replies
-
-
-
- View all 7 replies
-
NickS2001: still looking at a 8.5% yield based on that price. That's still a respectable yield.
-
NickS2001: I might pick some up tomorrow. I have an inkling we'll see a flat day tomorrow or more down.
-
Packrat1987
$AGNC NAV shooting higher today on dovish comments, agency mbs pricing much higher. Too bad $agnc shareholders don't understand that. - View all 1 replies
-
jmodrkrk: crazy mixed signals out there...."BV is down! Sell! But the spread is improving! Buy!", and vice versa. Gotta decide whats more important!
-
- View all 2 replies
-
-
-
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
-
NickS2001: Yeah, agreed. As tempting as it is I'll avoid for now and enjoy the ride. :)
-
-
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 5 replies
-
-
-
- View all 3 replies
-
-
-
- View all 4 replies
-
-
-
- View all 1 replies
-
-
- View all 3 replies
-
mrmedusa: I'll give you the government answer to that- well, yes and no.
-
-
- View all 5 replies
-
-
Pkan51: The 15% just look too good to be true even if the price will never go up again.
-
- View all 8 replies
-
YellowLab1: Added to already oversized position today. Dividend likely stable at least two more quarters. On today's drop distribution nearly 17 % -
