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While most attention regarding mortgage-related government-sponsored enterprises (GSEs) focus on Fannie Mae and Freddie Mac, there is also another GSE that is mostly under the radar: the Federal Agricultural Mortgage Corp., also known as Farmer Mac. But that entity has just received spotlight treatment via Zacks Equity Research, which recommended it to investors in search of a strong return.
“One stock that might be an intriguing choice for investors right now is Federal Agricultural Mortgage Corp.,” said the Zacks Equity Research website today. “This is because this security in the financial mortgage and realty service space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective. This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board.”
The Zacks analysts were impressed with how Farmer Mac is performing compared to similar investment targets.
“The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term,” added Zacks in its analysis of the GSE. “In fact, over the past month, current quarter estimates have risen from $1.04 per share to $1.11 per share per share, while current year estimates have risen from $3.89 per share to $4.10 per share. This has helped [Farmer Mac] to earn a Zacks Rank #1 (Strong Buy), further underscoring the company’s solid position.”