AGNC Investment Corp. (NASDAQ:AGNC) Receives $10.33 Consensus Target Price from Brokerages

Shares of AGNC Investment Corp. (NASDAQ:AGNC) have earned a consensus rating of “Moderate Buy” from the eleven research firms that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $10.33.

Several equities research analysts have recently commented on AGNC shares. Keefe, Bruyette & Woods lifted their price objective on shares of AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a research report on Wednesday, August 28th. Maxim Group lowered AGNC Investment from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. StockNews.com downgraded AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday. Finally, JPMorgan Chase & Co. increased their price target on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th.

AGNC Investment Stock Down 2.1 %

Shares of AGNC stock opened at $10.38 on Friday. The stock’s fifty day moving average price is $10.31 and its 200 day moving average price is $9.92. AGNC Investment has a 1-year low of $6.81 and a 1-year high of $10.85. The company has a market cap of $7.55 billion, a price-to-earnings ratio of 11.41 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.27 and a quick ratio of 0.27.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). The company had revenue of $695.00 million for 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%. The business’s revenue was up 52.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 EPS. On average, research analysts expect that AGNC Investment will post 2.11 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently announced a oct 24 dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.12 per share. This represents a dividend yield of 14%. The ex-dividend date is Thursday, October 31st. AGNC Investment’s dividend payout ratio (DPR) is 158.24%.

Insider Activity at AGNC Investment

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of AGNC Investment stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $10.07, for a total value of $50,350.00. Following the completion of the transaction, the chief financial officer now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.52% of the company’s stock.

Institutional Trading of AGNC Investment

Institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC grew its stake in AGNC Investment by 2.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,237,964 shares of the real estate investment trust’s stock valued at $86,169,000 after acquiring an additional 189,444 shares during the period. New Century Financial Group LLC purchased a new position in AGNC Investment during the third quarter valued at $111,000. AA Financial Advisors LLC acquired a new stake in shares of AGNC Investment in the third quarter valued at about $256,000. Raymond James & Associates increased its stake in shares of AGNC Investment by 3.3% during the third quarter. Raymond James & Associates now owns 1,222,595 shares of the real estate investment trust’s stock worth $12,788,000 after purchasing an additional 38,690 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of AGNC Investment by 315.9% during the 3rd quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 2,966 shares during the last quarter. 38.28% of the stock is owned by institutional investors and hedge funds.

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).