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

AGNC Investment Corp. (NASDAQ:AGNC) has earned an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $10.00.

AGNC has been the topic of a number of recent analyst reports. Maxim Group cut shares of AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Jonestrading cut their price objective on shares of AGNC Investment from $10.75 to $10.25 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. Compass Point lifted their price objective on shares of AGNC Investment from $10.25 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. lifted their price objective on shares of AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Finally, JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research note on Thursday, April 18th.

Insider Buying and Selling

In related news, CFO Bernice Bell sold 5,000 shares of AGNC Investment stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $9.97, for a total value of $49,850.00. Following the transaction, the chief financial officer now owns 308,182 shares of the company’s stock, valued at approximately $3,072,574.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.52% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AGNC Investment

Institutional investors have recently bought and sold shares of the stock. Vaughan Nelson Investment Management L.P. purchased a new position in AGNC Investment in the 4th quarter worth about $38,593,000. Norges Bank purchased a new position in AGNC Investment during the 4th quarter valued at about $69,215,000. Russell Investments Group Ltd. grew its stake in AGNC Investment by 397.8% during the 4th quarter. Russell Investments Group Ltd. now owns 816,904 shares of the real estate investment trust’s stock valued at $8,015,000 after acquiring an additional 652,799 shares in the last quarter. International Assets Investment Management LLC grew its stake in AGNC Investment by 1,054.4% during the 4th quarter. International Assets Investment Management LLC now owns 798,661 shares of the real estate investment trust’s stock valued at $81,413,000 after acquiring an additional 729,476 shares in the last quarter. Finally, Foundations Investment Advisors LLC purchased a new position in AGNC Investment during the 4th quarter valued at about $152,000. Hedge funds and other institutional investors own 38.28% of the company’s stock.

AGNC Investment Stock Performance

AGNC stock opened at $10.09 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market capitalization of $7.33 billion, a price-to-earnings ratio of 11.09 and a beta of 1.48. AGNC Investment has a 1 year low of $6.81 and a 1 year high of $10.57. The stock’s fifty day moving average is $9.90 and its two-hundred day moving average is $9.68.

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

AGNC Investment Dividend Announcement

The company also recently announced a aug 24 dividend, which will be paid on Wednesday, September 11th. Investors of record on Friday, August 30th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, August 30th. AGNC Investment’s 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).