Analysts Set AGNC Investment Corp. (NASDAQ:AGNC) Target Price at $10.50

AGNC Investment Corp. (NASDAQ:AGNC) has been given an average rating of “Moderate Buy” by the ten research firms that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $10.44.

Several equities research analysts recently weighed in on AGNC shares. Royal Bank of Canada raised their price target on shares of AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. StockNews.com downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Wells Fargo & Company raised shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $10.00 to $12.00 in a research report on Friday, September 20th. JPMorgan Chase & Co. reduced their price target on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research report on Monday. Finally, JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research report on Wednesday, August 28th.

Institutional Investors Weigh In On AGNC Investment

A number of hedge funds have recently modified their holdings of AGNC. Tidal Investments LLC bought a new stake in shares of AGNC Investment during the 1st quarter valued at $108,000. Cetera Investment Advisers grew its position in shares of AGNC Investment by 319.8% during the 1st quarter. Cetera Investment Advisers now owns 324,111 shares of the real estate investment trust’s stock valued at $3,209,000 after acquiring an additional 246,896 shares during the period. Cetera Advisors LLC grew its position in shares of AGNC Investment by 31.9% during the 1st quarter. Cetera Advisors LLC now owns 76,227 shares of the real estate investment trust’s stock valued at $755,000 after acquiring an additional 18,424 shares during the period. SG Americas Securities LLC bought a new stake in shares of AGNC Investment during the 2nd quarter valued at $979,000. Finally, Fermata Advisors LLC grew its position in shares of AGNC Investment by 76.1% during the 2nd quarter. Fermata Advisors LLC now owns 40,883 shares of the real estate investment trust’s stock valued at $390,000 after acquiring an additional 17,670 shares during the period. Institutional investors own 38.28% of the company’s stock.

AGNC Investment Price Performance

AGNC stock opened at $9.54 on Friday. The firm has a 50 day moving average price of $9.80 and a 200-day moving average price of $9.96. AGNC Investment has a 52-week low of $8.92 and a 52-week high of $10.85. The firm has a market capitalization of $8.45 billion, a price-to-earnings ratio of 6.63 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.04). AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. The business had revenue of $756.00 million for the quarter, compared to analysts’ expectations of $219.50 million. During the same quarter in the previous year, the business posted $0.65 earnings per share. Equities research analysts forecast that AGNC Investment will post 1.94 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently disclosed a dec 24 dividend, which will be paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.12 per share. This represents a dividend yield of 15.1%. The ex-dividend date of this dividend is Tuesday, December 31st. AGNC Investment’s payout ratio is 100.00%.

AGNC Investment Company Profile

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).