Analysts Set AGNC Investment Corp. (NASDAQ:AGNC) Price Target at $10.44

Shares of AGNC Investment Corp. (NASDAQ:AGNC) have received a consensus rating of “Moderate Buy” from the ten brokerages that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $10.44.

AGNC has been the subject of a number of recent analyst reports. Wells Fargo & Company upgraded shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $10.00 to $12.00 in a research note on Friday, September 20th. StockNews.com cut shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. Finally, JPMorgan Chase & Co. decreased their price objective on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating on the stock in a report on Monday, December 9th.

AGNC Investment Stock Performance

AGNC stock opened at $9.44 on Thursday. AGNC Investment has a 1-year low of $8.92 and a 1-year high of $10.85. The business’s 50-day moving average price is $9.52 and its two-hundred day moving average price is $9.93. The firm has a market cap of $8.36 billion, a PE ratio of 6.56 and a beta of 1.47. 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 released its quarterly 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). The firm had revenue of $756.00 million during the quarter, compared to analyst estimates 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 in the prior year, the business earned $0.65 EPS. As a group, research analysts forecast that AGNC Investment will post 1.94 earnings per share for the current year.

AGNC Investment Announces Dividend

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

Institutional Investors Weigh In On AGNC Investment

Several institutional investors and hedge funds have recently made changes to their positions in the business. Riverview Trust Co bought a new stake in AGNC Investment in the third quarter valued at $25,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of AGNC Investment in the 2nd quarter worth $31,000. Point72 Asset Management L.P. bought a new stake in AGNC Investment in the 3rd quarter worth about $32,000. Northwestern Mutual Wealth Management Co. increased its stake in AGNC Investment by 52.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 1,255 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of AGNC Investment by 315.9% in the 3rd quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 2,966 shares during the last quarter. Institutional investors 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).