Federal Agricultural MortgageAGM
Market Cap: $2B
About: Federal Agricultural Mortgage Corp provides agricultural real estate and rural housing mortgage loans in the secondary market in the U.S. Its operations consist of seven segments: Farm & Ranch, Corporate AgFinance, Rural Utilities, Renewable Energy, Funding, Investments, and Corporate. The company purchases eligible mortgage loans secured by first liens on agricultural real estate and rural housing under the Farm & Ranch line of business. Its subsidiary purchases portions of certain agricultural, rural development, business and industry, and community facilities loans guaranteed by the USDA.
Employees: 185
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
20% more funds holding in top 10
Funds holding in top 10: 5 [Q1] → 6 (+1) [Q2]
1% more repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 79
1.86% less ownership
Funds ownership: 80.86% [Q1] → 79.0% (-1.86%) [Q2]
5% less funds holding
Funds holding: 230 [Q1] → 219 (-11) [Q2]
8% less capital invested
Capital invested by funds: $1.45B [Q1] → $1.33B (-$122M) [Q2]
34% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 32
45% less call options, than puts
Call options by funds: $8.17M | Put options by funds: $14.8M
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Keefe, Bruyette & Woods Bose George 91% 1-year accuracy 32 / 35 met price target | 12%upside $205 | Market Perform Reiterated | 8 Aug 2024 |
Keefe, Bruyette & Woods Bose George 91% 1-year accuracy 32 / 35 met price target | 17%upside $215 | Market Perform Maintained | 6 Aug 2024 |
Keefe, Bruyette & Woods Bose George 91% 1-year accuracy 32 / 35 met price target | 17%upside $215 | Market Perform Downgraded | 29 Jul 2024 |