AGNC Investment Corp. (NASDAQ:AGNC) Receives $11.11 Consensus Target Price from Analysts

Shares of AGNC Investment Corp. (NASDAQ:AGNC) have been given a consensus recommendation of “Hold” by the eleven analysts that are presently covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $11.1111.

Several research firms have recently weighed in on AGNC. Weiss Ratings raised shares of AGNC Investment from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Wells Fargo & Company reduced their price objective on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Piper Sandler lifted their target price on AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a research report on Thursday, July 2nd. UBS Group upped their target price on AGNC Investment from $10.50 to $11.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Finally, Wall Street Zen raised AGNC Investment from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th.

Insider Buying and Selling

In other news, EVP Bernice Bell sold 5,000 shares of the business’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $11.00, for a total value of $55,000.00. Following the completion of the sale, the executive vice president owned 406,947 shares in the company, valued at approximately $4,476,417. The trade was a 1.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On AGNC Investment

Several institutional investors have recently bought and sold shares of AGNC. Avion Wealth boosted its position in AGNC Investment by 286.3% during the 1st quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 2,021 shares in the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of AGNC Investment in the 2nd quarter worth $28,000. Sound Income Strategies LLC lifted its stake in shares of AGNC Investment by 61.1% during the 4th quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,048 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of AGNC Investment during the 4th quarter worth $33,000. Finally, National Bank of Canada FI boosted its position in AGNC Investment by 100.9% during the third quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,690 shares in the last quarter. 38.28% of the stock is owned by hedge funds and other institutional investors.

AGNC Investment Trading Down 0.6%

NASDAQ AGNC opened at $10.61 on Friday. The stock has a market cap of $12.58 billion, a PE ratio of 5.58 and a beta of 1.32. AGNC Investment has a 12 month low of $9.31 and a 12 month high of $12.19. The company’s 50-day moving average price is $10.68 and its 200-day moving average price is $10.78.

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

AGNC Investment Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st will be issued a dividend of $0.12 per share. This represents a c) annualized dividend and a yield of 13.6%. The ex-dividend date is Friday, July 31st. AGNC Investment’s dividend payout ratio is presently 75.79%.

About AGNC Investment

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.