Dow Hits Record Close for 11th Consecutive Session: Today’s Research Reports on AGNC Investment and Annaly Capital Management

NEW YORK, NY / ACCESSWIRE / February 27, 2017 /
The Dow Jones Industrial Average continued its streak of 11 consecutive record closes with a late-day rally Friday. The Dow fell by as much as 76 points, before settling to close at 20,821.76, up 0.05 percent, or 11.44 points. The S&P 500 Index gained 0.15 percent to close at 2,367.34, while the NASDAQ Composite Index gained 0.17 percent to close at 5,845.31. High yielding dividend stocks were amongst the top benefactors Friday as falling yields on government bonds sent investors flocking to stocks with high paying dividends. The S&P 500 is currently trading at price to forward earnings ratio of close to 17.8 as compared 25 year historic average of nearly 15, according to Reuters.

On Friday, the yield on the 10-year Treasury note dropped to 2.31 percent. In comparison, the S&P 500 Utilities sector spiked 4.3 percent for the week ended February 24th, its largest weekly gain since the week ended July 1st, 2016. The Utilities sector currently has a dividend yield of approximately 3.5 percent, according to FactSet.

“There was concern that the market was getting tired and that we were losing momentum, but there are still significant inflows, because now even the pessimists want a piece of the action. It’s momentum driven, not fundamentally driven,” said Lawrence Glazer, Managing Partner at Mayflower Advisors.

Let’s Take a
Closer Look at Today’s Trending Tickers

AGNC Investment’s shares gained 0.41 percent to close at $19.54 a share on Friday. The stock traded between $19.42 and $19.63 on volume of 2.33 million shares traded. The company currently offers investors an annualized dividend of $2.16 a share for a dividend yield of roughly 11.05 percent. AGNC Investment reported a net income of $3.06 per common share and comprehensive net loss which also includes net unrealized losses of $1.19 per common share for the fourth quarter of 2016. As of December 31, 2016, the Company’s net book value per common share was $21.17, compared to its September 30, 2016 net book value per common share of $22.91. Shares of AGNC Investment have gained approximately 7.78 percent year-to-date.

Access Today’s AGNC Investment Research
Report Click Here

Annaly Capital Management’s shares gained 0.64 percent to close at $11.05 a share on Friday. The stock traded between $10.95 and $11.07 on volume 7.06 million shares traded. The company currently offers investors an annualized dividend of $1.20 a share for a dividend yield of roughly 10.86 percent. AGNC Investment reported a GAAP net income of $1.8 billion, $1.79 per average common share, for the fourth quarter of 2016. As of December 31, 2016, the Company’s book value per common share was $11.16, compared to $11.83 at September 30, 2016. Shares of Annaly Capital Management have gained approximately 10.83 percent year-to-date.

Access Today’s Annaly Capital Management
Research Report Click Here

Today’s Features Includes:

AGNC Investment Corp. (NASDAQ: AGNC)

Annaly Capital Management, Inc. (NYSE: NLY)

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