AGNC Investment Corp. (NASDAQ:AGNC) Receives $9.63 Average Target Price from Analysts

AGNC Investment Corp. (NASDAQ:AGNC) has been assigned an average recommendation of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $9.6250.

AGNC has been the subject of a number of analyst reports. Keefe, Bruyette & Woods lifted their price objective on AGNC Investment from $9.50 to $10.00 and gave the company an “outperform” rating in a report on Thursday, July 10th. UBS Group lifted their price objective on AGNC Investment from $9.50 to $9.75 and gave the company a “neutral” rating in a report on Wednesday, September 3rd. Finally, Jones Trading reissued a “buy” rating and set a $9.50 price objective on shares of AGNC Investment in a report on Tuesday, July 22nd.

Insider Activity

In other AGNC Investment news, Director John D. Fisk sold 20,278 shares of the business’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $9.65, for a total transaction of $195,682.70. Following the completion of the sale, the director directly owned 112,685 shares of the company’s stock, valued at approximately $1,087,410.25. The trade was a 15.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Paul E. Mullings sold 11,000 shares of the business’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $9.61, for a total value of $105,710.00. Following the sale, the director directly owned 128,511 shares of the company’s stock, valued at $1,234,990.71. This represents a 7.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is owned by corporate insiders.

Institutional Trading of AGNC Investment

Hedge funds have recently modified their holdings of the company. Osaic Holdings Inc. increased its stake in AGNC Investment by 47.0% during the 2nd quarter. Osaic Holdings Inc. now owns 961,656 shares of the real estate investment trust’s stock worth $8,839,000 after purchasing an additional 307,516 shares in the last quarter. PVG Asset Management Corp increased its stake in AGNC Investment by 13.8% during the 2nd quarter. PVG Asset Management Corp now owns 23,852 shares of the real estate investment trust’s stock worth $219,000 after purchasing an additional 2,885 shares in the last quarter. Centaurus Financial Inc. increased its stake in AGNC Investment by 141.2% during the 2nd quarter. Centaurus Financial Inc. now owns 74,055 shares of the real estate investment trust’s stock worth $681,000 after purchasing an additional 43,350 shares in the last quarter. Orion Porfolio Solutions LLC increased its stake in AGNC Investment by 47.6% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 21,798 shares of the real estate investment trust’s stock worth $200,000 after purchasing an additional 7,026 shares in the last quarter. Finally, TT Capital Management LLC bought a new position in shares of AGNC Investment during the 2nd quarter worth approximately $1,236,000. 38.28% of the stock is currently owned by institutional investors and hedge funds.

AGNC Investment Stock Down 0.2%

AGNC opened at $10.23 on Tuesday. AGNC Investment has a fifty-two week low of $7.85 and a fifty-two week high of $10.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.33 and a quick ratio of 0.33. The firm’s fifty day moving average price is $9.64 and its two-hundred day moving average price is $9.40. The company has a market capitalization of $10.66 billion, a P/E ratio of 30.09 and a beta of 1.30.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.04). AGNC Investment had a return on equity of 19.32% and a net margin of 11.50%.The business had revenue of $830.00 million for the quarter, compared to analyst estimates of $447.37 million. During the same quarter in the prior year, the firm earned $0.53 EPS. On average, analysts anticipate that AGNC Investment will post 1.61 EPS for the current year.

AGNC Investment Dividend Announcement

The business also recently declared a sep 25 dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 30th will be given a dividend of $0.12 per share. AGNC Investment’s dividend payout ratio (DPR) is 423.53%.

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).