AGNC Investment Corp. (NASDAQ:AGNC) Receives $10.50 Consensus Price Target from Brokerages

AGNC Investment Corp. (NASDAQ:AGNC) has been given a consensus rating of “Moderate Buy” by the ten analysts that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $10.50.

AGNC has been the subject of several research reports. JPMorgan Chase & Co. lowered their price objective 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, December 9th. Keefe, Bruyette & Woods cut their target price on AGNC Investment from $10.75 to $10.25 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. StockNews.com raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. Argus raised shares of AGNC Investment to a “hold” rating in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $11.00 price target on shares of AGNC Investment in a report on Thursday, January 30th.

AGNC Investment Stock Down 0.4 %

Shares of AGNC Investment stock opened at $10.13 on Tuesday. The stock’s fifty day moving average is $10.12 and its 200-day moving average is $9.93. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. AGNC Investment has a 12-month low of $8.92 and a 12-month high of $10.85. The firm has a market capitalization of $9.27 billion, a PE ratio of 10.44 and a beta of 1.50.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. Equities analysts anticipate that AGNC Investment will post 1.61 earnings per share for the current year.

AGNC Investment Dividend Announcement

The firm also recently announced a mar 25 dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be paid a $0.12 dividend. The ex-dividend date is Monday, March 31st. This represents a dividend yield of 14.1%. AGNC Investment’s payout ratio is presently 148.45%.

Insider Activity

In other news, CFO Bernice Bell sold 13,000 shares of the company’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $10.04, for a total transaction of $130,520.00. Following the transaction, the chief financial officer now directly owns 372,226 shares of the company’s stock, valued at $3,737,149.04. This represents a 3.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Frances Spark sold 5,000 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total transaction of $50,500.00. Following the sale, the director now owns 75,919 shares of the company’s stock, valued at approximately $766,781.90. This represents a 6.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

Institutional Investors Weigh In On AGNC Investment

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Atria Investments Inc increased its holdings in shares of AGNC Investment by 5.4% in the 3rd quarter. Atria Investments Inc now owns 30,506 shares of the real estate investment trust’s stock worth $319,000 after buying an additional 1,564 shares during the last quarter. Prime Capital Investment Advisors LLC increased its stake in AGNC Investment by 16.8% during the third quarter. Prime Capital Investment Advisors LLC now owns 21,892 shares of the real estate investment trust’s stock worth $229,000 after acquiring an additional 3,156 shares during the last quarter. Huntington National Bank raised its position in AGNC Investment by 105.7% during the third quarter. Huntington National Bank now owns 6,705 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 3,445 shares during the period. OneDigital Investment Advisors LLC bought a new stake in shares of AGNC Investment in the 3rd quarter valued at approximately $180,000. Finally, Natixis Advisors LLC boosted its holdings in shares of AGNC Investment by 314.8% in the 3rd quarter. Natixis Advisors LLC now owns 3,842,814 shares of the real estate investment trust’s stock worth $40,196,000 after purchasing an additional 2,916,345 shares during the period. 38.28% of the stock is owned by institutional investors.

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).