AGNC Investment Corp. (NASDAQ:AGNC) Receives $10.33 Average Target Price from Analysts

Shares of AGNC Investment Corp. (NASDAQ:AGNC) have received an average recommendation of “Moderate Buy” from the eleven analysts that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $10.33.

A number of analysts have commented on the stock. Keefe, Bruyette & Woods increased their price objective on shares of AGNC Investment from $10.00 to $10.25 and gave the company an “outperform” rating in a report on Thursday, July 25th. StockNews.com downgraded AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday. Compass Point upped their target price on AGNC Investment from $10.25 to $11.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Maxim Group lowered AGNC Investment from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Finally, Wells Fargo & Company raised shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $10.00 to $12.00 in a research report on Friday, September 20th.

Insider Activity

In other news, CFO Bernice Bell sold 5,000 shares of AGNC Investment stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $10.07, for a total value of $50,350.00. Following the completion of the sale, the chief financial officer now directly owns 298,182 shares of the company’s stock, valued at approximately $3,002,692.74. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Fisher Asset Management LLC purchased a new stake in shares of AGNC Investment during the 4th quarter worth $123,000. Vanguard Group Inc. boosted its holdings in AGNC Investment by 10.5% in the fourth quarter. Vanguard Group Inc. now owns 63,366,808 shares of the real estate investment trust’s stock valued at $621,628,000 after purchasing an additional 6,019,268 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in AGNC Investment by 43.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 21,021 shares of the real estate investment trust’s stock worth $206,000 after purchasing an additional 6,369 shares in the last quarter. BTC Capital Management Inc. acquired a new position in shares of AGNC Investment in the 1st quarter valued at $119,000. Finally, International Assets Investment Management LLC grew its position in shares of AGNC Investment by 11.9% in the 1st quarter. International Assets Investment Management LLC now owns 91,091 shares of the real estate investment trust’s stock valued at $893,000 after buying an additional 9,678 shares during the last quarter. 38.28% of the stock is owned by institutional investors and hedge funds.

AGNC Investment Trading Down 2.1 %

Shares of AGNC stock opened at $10.38 on Friday. AGNC Investment has a fifty-two week low of $6.81 and a fifty-two week high of $10.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.27 and a current ratio of 0.27. The stock’s fifty day moving average is $10.31 and its two-hundred day moving average is $9.92. The firm has a market capitalization of $7.55 billion, a P/E ratio of 11.41 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Monday, July 22nd. The real estate investment trust reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The business had revenue of $695.00 million during the quarter, compared to analyst estimates of $643.29 million. AGNC Investment had a net margin of 16.15% and a return on equity of 26.21%. AGNC Investment’s quarterly revenue was up 52.1% on a year-over-year basis. During the same quarter last year, the company earned $0.67 earnings per share. Research analysts expect that AGNC Investment will post 2.11 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently announced a oct 24 dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be given a $0.12 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a yield of 14%. AGNC Investment’s payout ratio is currently 158.24%.

About AGNC Investment

AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs).