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

AGNC Investment Corp. (NASDAQ:AGNC) has been assigned an average rating of “Moderate Buy” from the ten research firms that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $10.44.

Several research firms have issued reports on AGNC. JPMorgan Chase & Co. cut their target price on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research note on Monday. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a research report on Wednesday, August 28th. StockNews.com lowered shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. Wells Fargo & Company upgraded shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $10.00 to $12.00 in a report on Friday, September 20th. Finally, Royal Bank of Canada increased their price objective on shares of AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th.

AGNC Investment Trading Down 0.7 %

Shares of AGNC stock opened at $9.61 on Friday. AGNC Investment has a twelve month low of $8.87 and a twelve month high of $10.85. The stock has a market cap of $8.51 billion, a price-to-earnings ratio of 6.67 and a beta of 1.47. The company’s 50-day moving average price is $9.83 and its 200-day moving average price is $9.96. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly 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). The firm had revenue of $756.00 million during the quarter, compared to analysts’ expectations of $219.50 million. AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. During the same period last year, the company earned $0.65 EPS. As a group, equities analysts predict that AGNC Investment will post 1.94 earnings per share for the current year.

AGNC Investment Announces Dividend

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

Institutional Investors Weigh In On AGNC Investment

A number of hedge funds have recently bought and sold shares of AGNC. Riverview Trust Co purchased a new stake in shares of AGNC Investment during the third quarter worth approximately $25,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of AGNC Investment in the 2nd quarter valued at approximately $31,000. Point72 Asset Management L.P. acquired a new stake in shares of AGNC Investment in the 3rd quarter valued at $32,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of AGNC Investment by 52.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 1,255 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of AGNC Investment by 315.9% during the third 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 in the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

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).