Boston, MA 05/16/2014 (wallstreetpr) – The recovery in the real estate industry is lifting up American Capital Agency Corp. (NASDAQ:AGNC) as well as other companies in the market. However, in the category of mortgage REITs, AGNC looks well-positioned to gain from the recovery than most of its peers. The company undertook strategic measures during the troubling season that seem ripe to pay off. While the real estate industry was undergoing challenges, the company dropped its underperforming assets and acquired promising ones. It also installed disciplined cost and expenses management to support financial saving for further investment or return to shareholders. The most recent quarter best captures the real strength in the company. American Capital Agency Corp. (NASDAQ:AGNC) reported EPS of 1.18, beating the consensus estimate of $0.69. The revenue on the quarter was down28.5 percent on a year-over-year basis and that was due to portfolio balance.
The insurance company Federated National Holding Co (NASDAQ:FNHC) declared quarterly dividend of $0.03 per share to be paid to shareholders on June 2. Analysts expect the company to continue putting money back into the pockets of shareholders as its performance improves. The company recently showed positive performance in its 1Q reporting. Earnings per share in the quarter came in at $0.74, ahead of the consensus estimate of $0.50. Federated National Holding Co (NASDAQ:FNHC) also saw its revenue up more than 127 percent to $49.7 million in the three months to March 31. With continued cost controls, analysts expect the company to improve its profit and generate enough cash to perform stock repurchase and dividend hikes.
The real estate investment trust Brixmor Property Group Inc (NYSE:BRX) announced that Moody’s Investors raised its credit rating to Investment Grade. The development confirms the widespread efforts in the company that are aimed at risk reduction, cash flow stability and performance improvement. Brixmor Property Group Inc (NYSE:BRX) has also significantly reduced its debt burden in recent times, a move that puts it in good books with creditors and analysts.
