AGNC Investment Corp. (AGNC) – What Are Researchers Thinking About This Stock?

Shares of AGNC Investment Corp. (NASDAQ:AGNC) have received a consensus rating of “Hold” from the eleven research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $10.12.

A number of research analysts have recently commented on the stock. Barclays dropped their price objective on shares of AGNC Investment from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 21st. Wall Street Zen downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 17th. Compass Point downgraded shares of AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 target price for the company. in a report on Friday, July 17th. Keefe, Bruyette & Woods dropped their price target on shares of AGNC Investment from $12.00 to $11.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Finally, Piper Sandler cut their price target on shares of AGNC Investment from $12.00 to $10.00 and set an “overweight” rating on the stock in a research note on Friday, October 9th.

AGNC Investment Trading Down 3.3%

AGNC Investment stock opened at $8.20 on Friday. The firm has a market capitalization of $10.45 billion, a P/E ratio of 820.82 and a beta of 1.40. The stock has a fifty day moving average price of $9.20 and a 200 day moving average price of $10.36. AGNC Investment has a 52 week low of $8.19 and a 52 week high of $12.19.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Monday, October 19th. The real estate investment trust reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.06 billion. AGNC Investment had a return on equity of 18.74% and a net margin of 2.45%. As a group, equities analysts predict that AGNC Investment will post 1.56 EPS for the current year.

AGNC Investment Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, November 10th. Stockholders of record on Friday, October 30th were issued a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 17.6%. The ex-dividend date was Friday, October 30th. AGNC Investment’s dividend payout ratio is presently 14,400.00%.

Insider Activity at AGNC Investment

In related news, CEO Peter Federico sold 67,794 shares of the stock in a transaction on Monday, October 26th. The stock was sold at an average price of $8.87, for a total value of $601,332.78. Following the transaction, the chief executive officer directly owned 1,846,083 shares of the company’s stock, valued at approximately $16,374,756.21. This trade represents a 3.54% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AGNC Investment

A number of institutional investors have recently added to or reduced their stakes in AGNC. BlackRock Inc. acquired a new position in shares of AGNC Investment in the 2nd quarter valued at about $704,076,000. Equity Investment Corp acquired a new stake in AGNC Investment during the 2nd quarter worth approximately $106,123,000. Bank of America Corp DE acquired a new stake in AGNC Investment during the 2nd quarter worth approximately $77,501,000. Van ECK Associates Corp raised its holdings in AGNC Investment by 17.2% in the second quarter. Van ECK Associates Corp now owns 5,190,499 shares of the real estate investment trust’s stock valued at $56,576,000 after buying an additional 763,109 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in AGNC Investment in the second quarter valued at approximately $40,182,000. Hedge funds and other institutional investors own 38.28% of the company’s stock.

AGNC Investment Company Profile

AGNC Investment Corp. is a mortgage real estate investment trust that focuses primarily on investing in agency residential mortgage-backed securities. These securities are backed by mortgages and carry guarantees or support from U.S. government agencies or government-sponsored enterprises. The company’s portfolio includes mortgage pass-through securities and collateralized mortgage obligations. AGNC finances its investments and uses hedging strategies to manage risks associated with interest rates and mortgage markets.