NEW YORK (TheStreet) -- Shares of American Capital Agency (AGNC) - Get AGNC Investment Corp. Report are up 1.17% to $18.99 on heavy trading volume mid-afternoon on Monday as the company agreed to buy American Capital Mortgage Management for $562 million from American Capital (ACAS).
Bethesda, MD-based American Capital Agency will pay $2.45 per fully diluted share for American Capital Mortgage Management.
Separately, Ares Capital (ARCC) will acquire American Capital in a deal valued at about $3.43 billion.
American Capital Agency is a real estate investment trust. It primarily invests on a leveraged basis in agency mortgage-backed securities.
About 3.83 million of the company's shares were traded so far today vs. its average 30-day volume of 2.97 million shares per day.
Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on American Capital Agency stock.
The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: AGNC