AGNC Investment Corp. (NASDAQ:AGNC) Receives $10.00 Average PT from Brokerages

Shares of AGNC Investment Corp. (NASDAQ:AGNC) have been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $10.00.

A number of equities research analysts have recently weighed in on AGNC shares. Maxim Group downgraded AGNC Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Janney Montgomery Scott started coverage on AGNC Investment in a research report on Thursday, June 6th. They set a “buy” rating and a $10.50 target price for the company. StockNews.com downgraded AGNC Investment from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research report on Thursday, April 18th. Finally, Keefe, Bruyette & Woods boosted their target price on AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a research report on Thursday, July 25th.

AGNC Investment Trading Up 0.2 %

Shares of AGNC opened at $10.09 on Monday. The stock has a fifty day moving average price of $9.90 and a two-hundred day moving average price of $9.68. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.28 and a current ratio of 0.28. AGNC Investment has a 52-week low of $6.81 and a 52-week high of $10.57. The company has a market cap of $7.33 billion, a price-to-earnings ratio of 11.09 and a beta of 1.48.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). AGNC Investment had a net margin of 16.15% and a return on equity of 26.78%. The business had revenue of $695.00 million during the quarter, compared to the consensus estimate of $643.29 million. During the same quarter in the previous year, the firm posted $0.67 EPS. The company’s revenue for the quarter was up 52.1% compared to the same quarter last year. Analysts predict that AGNC Investment will post 2.11 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently disclosed a aug 24 dividend, which will be paid on Wednesday, September 11th. Investors of record on Friday, August 30th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, August 30th. AGNC Investment’s dividend payout ratio (DPR) is presently 158.24%.

Insider Buying and Selling

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $10.07, for a total value of $50,350.00. Following the completion of the transaction, the chief financial officer now directly owns 298,182 shares of the company’s stock, valued at $3,002,692.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.52% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AGNC. SG Americas Securities LLC grew its stake in AGNC Investment by 17.1% in the fourth quarter. SG Americas Securities LLC now owns 32,727 shares of the real estate investment trust’s stock valued at $321,000 after acquiring an additional 4,777 shares during the period. Private Trust Co. NA boosted its position in shares of AGNC Investment by 110.8% during the fourth quarter. Private Trust Co. NA now owns 6,377 shares of the real estate investment trust’s stock worth $63,000 after buying an additional 3,352 shares during the period. SteelPeak Wealth LLC acquired a new position in shares of AGNC Investment during the fourth quarter worth about $116,000. International Assets Investment Management LLC boosted its position in shares of AGNC Investment by 1,054.4% during the fourth quarter. International Assets Investment Management LLC now owns 798,661 shares of the real estate investment trust’s stock worth $81,413,000 after buying an additional 729,476 shares during the period. Finally, Sowell Financial Services LLC acquired a new position in shares of AGNC Investment during the fourth quarter worth about $370,000. 38.28% of the stock is owned by institutional investors and hedge funds.

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).