AGNC Investment Corp. (NASDAQ:AGNC) Receives $11.11 Average PT from Analysts

Shares of AGNC Investment Corp. (NASDAQ:AGNC) have been assigned a consensus rating of “Hold” from the eleven analysts that are presently covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $11.1111.

Several equities analysts have weighed in on AGNC shares. Wells Fargo & Company dropped their target price on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Weiss Ratings upgraded shares of AGNC Investment from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. Keefe, Bruyette & Woods dropped their price objective on shares of AGNC Investment from $12.00 to $11.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Piper Sandler lifted their price objective on AGNC Investment from $11.50 to $12.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. Finally, Compass Point downgraded AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price objective for the company. in a research report on Friday, July 17th.

Insider Activity

In related news, EVP Bernice Bell sold 5,000 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total transaction of $55,000.00. Following the sale, the executive vice president owned 406,947 shares of the company’s stock, valued at $4,476,417. This trade represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AGNC Investment

Several hedge funds have recently modified their holdings of AGNC. Delta Asset Management LLC TN acquired a new position in shares of AGNC Investment in the second quarter valued at approximately $25,000. Danske Bank A S acquired a new stake in AGNC Investment during the second quarter worth approximately $26,000. Avion Wealth grew its stake in AGNC Investment by 286.3% in the 1st quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 2,021 shares during the period. N.E.W. Advisory Services LLC purchased a new stake in AGNC Investment in the 2nd quarter worth approximately $28,000. Finally, Osbon Capital Management LLC acquired a new position in AGNC Investment in the 2nd quarter valued at $28,000. 38.28% of the stock is owned by institutional investors and hedge funds.

AGNC Investment Stock Performance

AGNC Investment stock opened at $10.73 on Tuesday. AGNC Investment has a fifty-two week low of $9.62 and a fifty-two week high of $12.19. The firm has a market capitalization of $12.72 billion, a price-to-earnings ratio of 5.65 and a beta of 1.32. The stock’s fifty day moving average is $10.89 and its two-hundred day moving average is $10.69.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. AGNC Investment had a return on equity of 17.96% and a net margin of 57.94%.The business had revenue of $305.00 million during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the company posted ($0.17) EPS. As a group, sell-side analysts forecast that AGNC Investment will post 1.6 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 31st will be issued a $0.12 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 13.4%. The ex-dividend date of this dividend is Monday, August 31st. AGNC Investment’s payout ratio is 75.79%.

AGNC Investment Company Profile

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.