Brokerages Set AGNC Investment Corp. (NASDAQ:AGNC) PT at $10.33

Shares of AGNC Investment Corp. (NASDAQ:AGNC) have earned an average recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating 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 equities research analysts have recently issued reports on AGNC shares. Royal Bank of Canada upped their price target on AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Keefe, Bruyette & Woods increased their price objective on AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Maxim Group downgraded shares of AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. StockNews.com cut AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. Finally, Wells Fargo & Company raised AGNC Investment from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $10.00 to $12.00 in a research report on Friday, September 20th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE raised its stake in AGNC Investment by 279.0% during the third quarter. US Bancorp DE now owns 239,493 shares of the real estate investment trust’s stock worth $2,505,000 after purchasing an additional 176,301 shares during the period. International Assets Investment Management LLC grew its holdings in shares of AGNC Investment by 945.2% during the 3rd quarter. International Assets Investment Management LLC now owns 1,072,039 shares of the real estate investment trust’s stock worth $102,489,000 after purchasing an additional 969,475 shares during the period. J.W. Cole Advisors Inc. raised its holdings in AGNC Investment by 112.7% in the third quarter. J.W. Cole Advisors Inc. now owns 107,749 shares of the real estate investment trust’s stock valued at $1,127,000 after buying an additional 57,089 shares during the period. Cannon Global Investment Management LLC purchased a new stake in AGNC Investment during the third quarter worth approximately $1,569,000. Finally, Van ECK Associates Corp raised its stake in shares of AGNC Investment by 34.1% in the 3rd quarter. Van ECK Associates Corp now owns 3,427,978 shares of the real estate investment trust’s stock valued at $34,074,000 after acquiring an additional 870,856 shares during the period. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

AGNC Investment Trading Up 0.7 %

Shares of NASDAQ:AGNC opened at $9.58 on Wednesday. AGNC Investment has a 52-week low of $8.57 and a 52-week high of $10.85. The business has a 50-day moving average price of $10.09 and a 200-day moving average price of $9.95. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. The stock has a market cap of $8.48 billion, a price-to-earnings ratio of 6.65 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share 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 firm had revenue of $756.00 million for the quarter, compared to analysts’ expectations of $219.50 million. During the same period last year, the firm earned $0.65 earnings per share. Equities analysts predict that AGNC Investment will post 1.94 EPS for the current year.

AGNC Investment Dividend Announcement

The business also recently disclosed a nov 24 dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 29th will be paid a dividend of $0.12 per share. This represents a dividend yield of 14.9%. The ex-dividend date is Friday, November 29th. AGNC Investment’s payout ratio is currently 100.00%.

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).