Jefferies left its American Capital Agency AGNC Hold rating and $27 price target unchanged in a research report published today.
In the report, Jefferies states, "AGNC has proven to be the dominant investor in the pure-play Agency mortgage REIT sector. Despite substantial ROE outperformance, we view shares of AGNC as fairly valued. AGNC currently trades to a 1.3x multiple of 3Q10 book value, a justifiable premium to the pure-play Agency REIT average of 1.08x."
Shares of American Capital Agency were at $29.61 in pre-market trading at the time of posting, up 1.20% from Tuesday's market close.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in