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

AGNC Investment Corp. (NASDAQ:AGNC) has been given an average rating of “Moderate Buy” by the ten brokerages that are currently 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 1 year target price among brokers that have covered the stock in the last year is $10.50.

Several analysts recently commented on AGNC shares. Wells Fargo & Company cut their price objective on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. JPMorgan Chase & Co. cut their price objective on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a report on Monday, December 9th. Argus raised AGNC Investment to a “hold” rating in a report on Tuesday, February 4th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $11.00 price objective on shares of AGNC Investment in a report on Thursday, January 30th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a report on Thursday, January 23rd.

AGNC Investment Stock Down 0.7 %

AGNC stock opened at $10.29 on Tuesday. AGNC Investment has a 1-year low of $8.92 and a 1-year high of $10.85. The business has a fifty day moving average price of $10.07 and a 200-day moving average price of $9.93. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23. The stock has a market capitalization of $9.42 billion, a P/E ratio of 10.61 and a beta of 1.50.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.37 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 forecast that AGNC Investment will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

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

Insider Buying and Selling at AGNC Investment

In other news, CFO Bernice Bell sold 13,000 shares of the company’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $10.04, for a total value of $130,520.00. Following the completion of the transaction, the chief financial officer now 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Frances Spark sold 5,000 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total value of $50,500.00. Following the completion of the transaction, the director now directly owns 75,919 shares of the company’s stock, valued at approximately $766,781.90. This trade represents a 6.18 % decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AGNC Investment

A number of hedge funds have recently made changes to their positions in AGNC. Atria Investments Inc boosted its stake in shares of AGNC Investment by 5.4% in the third quarter. Atria Investments Inc now owns 30,506 shares of the real estate investment trust’s stock worth $319,000 after acquiring an additional 1,564 shares during the period. Prime Capital Investment Advisors LLC lifted its position in shares of AGNC Investment by 16.8% in 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 buying an additional 3,156 shares in the last quarter. Huntington National Bank lifted its position in shares of AGNC Investment by 105.7% in the third quarter. Huntington National Bank now owns 6,705 shares of the real estate investment trust’s stock worth $70,000 after buying an additional 3,445 shares in the last quarter. OneDigital Investment Advisors LLC purchased a new stake in shares of AGNC Investment in the third quarter worth about $180,000. Finally, Natixis Advisors LLC lifted its position in shares of AGNC Investment by 314.8% in the third quarter. Natixis Advisors LLC now owns 3,842,814 shares of the real estate investment trust’s stock worth $40,196,000 after buying an additional 2,916,345 shares in the last quarter. Institutional investors own 38.28% of the company’s stock.

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).