AGNC Investment (NASDAQ:AGNC) Earns “Market Perform” Rating from JMP Securities

JMP Securities reaffirmed their market perform rating on shares of AGNC Investment (NASDAQ:AGNC) in a report issued on Thursday morning,Benzinga reports.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. dropped their price objective on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research report on Monday, December 9th. StockNews.com lowered AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $10.64.

AGNC Investment Stock Down 0.7 %

AGNC stock opened at $9.64 on Thursday. The company has a market cap of $8.54 billion, a PE ratio of 6.69 and a beta of 1.47. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. AGNC Investment has a twelve month low of $8.92 and a twelve month high of $10.85. The business’s 50-day simple moving average is $9.50 and its 200 day simple moving average is $9.90.

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

AGNC Investment Dividend Announcement

The company also recently declared a jan 25 dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a dividend yield of 15.5%. AGNC Investment’s dividend payout ratio is 100.00%.

Institutional Investors Weigh In On AGNC Investment

Hedge funds have recently made changes to their positions in the stock. Riverview Trust Co bought a new position in AGNC Investment in the third quarter valued at about $25,000. Point72 Asset Management L.P. acquired a new stake in shares of AGNC Investment during the 3rd quarter worth approximately $32,000. Northwestern Mutual Wealth Management Co. grew its holdings in 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 worth $35,000 after purchasing an additional 1,255 shares during the period. Blue Trust Inc. increased its position in AGNC Investment by 315.9% in the 3rd quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 2,966 shares in the last quarter. Finally, Quarry LP increased its holdings in shares of AGNC Investment by 75.6% during the second quarter. Quarry LP now owns 5,285 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 2,275 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors and hedge funds.

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).