Analysts Set AGNC Investment Corp. (NASDAQ:AGNC) Target Price at $10.13

AGNC Investment Corp. (NASDAQ:AGNC) has received a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $10.13.

A number of brokerages recently issued reports on AGNC. StockNews.com upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a research report on Saturday, August 31st. Royal Bank of Canada lifted their target price on shares of AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Friday, August 16th. JPMorgan Chase & Co. raised their price objective on AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Janney Montgomery Scott started coverage on AGNC Investment in a research note on Thursday, June 6th. They issued a “buy” rating and a $10.50 target price for the company. Finally, Maxim Group cut AGNC Investment from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th.

Insider Buying and Selling

In other news, CFO Bernice Bell sold 5,000 shares of AGNC Investment stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $9.97, for a total value of $49,850.00. Following the transaction, the chief financial officer now directly owns 308,182 shares of the company’s stock, valued at $3,072,574.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.52% of the stock is currently owned by company insiders.

Institutional Trading of AGNC Investment

Several large investors have recently added to or reduced their stakes in AGNC. Norges Bank purchased a new position in shares of AGNC Investment during the fourth quarter valued at $69,215,000. Vanguard Group Inc. grew its stake in AGNC Investment by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 63,366,808 shares of the real estate investment trust’s stock valued at $621,628,000 after acquiring an additional 6,019,268 shares in the last quarter. GRS Advisors LLC acquired a new position in shares of AGNC Investment in the 4th quarter valued at about $32,509,000. Victory Capital Management Inc. lifted its position in shares of AGNC Investment by 150.5% in the fourth quarter. Victory Capital Management Inc. now owns 5,175,807 shares of the real estate investment trust’s stock worth $50,775,000 after purchasing an additional 3,109,966 shares in the last quarter. Finally, Boston Partners boosted its holdings in shares of AGNC Investment by 522.4% during the first quarter. Boston Partners now owns 1,437,698 shares of the real estate investment trust’s stock worth $14,229,000 after purchasing an additional 1,206,714 shares during the period. 38.28% of the stock is owned by institutional investors and hedge funds.

AGNC Investment Trading Up 0.8 %

Shares of AGNC opened at $10.25 on Friday. AGNC Investment has a twelve month low of $6.81 and a twelve month high of $10.57. The firm has a market capitalization of $7.45 billion, a P/E ratio of 11.26 and a beta of 1.47. The firm’s 50-day moving average is $10.06 and its two-hundred day moving average is $9.76. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results 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 26.21%. The business had revenue of $695.00 million during the quarter, compared to analysts’ expectations of $643.29 million. During the same period last year, the company earned $0.67 EPS. The firm’s revenue for the quarter was up 52.1% on a year-over-year basis. On average, research analysts predict that AGNC Investment will post 2.11 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently declared a aug 24 dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Friday, August 30th will be issued a $0.12 dividend. The ex-dividend date is Friday, August 30th. This represents a dividend yield of 14.5%. AGNC Investment’s dividend payout ratio is currently 158.24%.

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).