Analysts Set AGNC Investment Corp. (NASDAQ:AGNC) Price Target at $10.33

AGNC Investment Corp. (NASDAQ:AGNC) has earned an average rating of “Moderate Buy” from the eleven ratings firms that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $10.33.

AGNC has been the topic of a number of research analyst reports. Compass Point increased their target price on AGNC Investment from $10.25 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods boosted their target price on shares of AGNC Investment from $10.00 to $10.25 and gave the company an “outperform” rating in a research note on Thursday, July 25th. StockNews.com lowered shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. Wells Fargo & Company raised AGNC Investment from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $10.00 to $12.00 in a report on Friday, September 20th. Finally, Maxim Group downgraded AGNC Investment from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th.

AGNC Investment Stock Performance

AGNC Investment stock opened at $9.58 on Wednesday. AGNC Investment has a 52 week low of $8.57 and a 52 week high of $10.85. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. The stock has a market cap of $8.48 billion, a P/E ratio of 6.65 and a beta of 1.47. The stock has a 50 day moving average of $10.09 and a 200-day moving average of $9.95.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.04). AGNC Investment had a return on equity of 23.41% and a net margin of 42.19%. The company had revenue of $756.00 million during the quarter, compared to the consensus estimate of $219.50 million. During the same period in the previous year, the firm posted $0.65 EPS. On average, analysts expect that AGNC Investment will post 1.94 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently declared a nov 24 dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 29th will be issued a dividend of $0.12 per share. This represents a dividend yield of 14.9%. The ex-dividend date is Friday, November 29th. AGNC Investment’s dividend payout ratio is currently 100.00%.

Institutional Investors Weigh In On AGNC Investment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AGNC. Riverview Trust Co bought a new stake in AGNC Investment in the third quarter worth approximately $25,000. Ashton Thomas Private Wealth LLC bought a new stake in AGNC Investment during the second quarter worth approximately $31,000. Point72 Asset Management L.P. acquired a new position in AGNC Investment during the third quarter valued at approximately $32,000. Northwestern Mutual Wealth Management Co. raised its position in shares of AGNC Investment by 52.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 1,255 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of AGNC Investment by 315.9% during the 3rd quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 2,966 shares during the period. Hedge funds and other 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).