Jefferies Rates American Capital Agency Hold With $27 PT (AGNC)

Jefferies rates American Capital Agency AGNC with a Hold and a PT of $27. In the report, Jefferies states, "AGNC has proven to be the dominant investor in the Agency space. 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 AGNC are currently trading at $28.88, -2.7% from yesterday's close.