Brokerages Set AGNC Investment Corp. (NASDAQ:AGNC) Price Target at $11.11

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

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

Insider Buying and Selling

In related news, EVP Bernice Bell sold 5,000 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 406,947 shares of the company’s stock, valued at approximately $4,476,417. The trade was a 1.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AGNC. BlackRock Inc. acquired a new stake in shares of AGNC Investment during the second quarter valued at about $704,076,000. Geode Capital Management LLC lifted its stake in shares of AGNC Investment by 5.8% in the fourth quarter. Geode Capital Management LLC now owns 29,097,741 shares of the real estate investment trust’s stock worth $312,275,000 after acquiring an additional 1,596,244 shares in the last quarter. Norges Bank purchased a new position in AGNC Investment in the fourth quarter valued at about $141,830,000. Equity Investment Corp purchased a new position in AGNC Investment in the second quarter valued at about $106,123,000. Finally, Bank of America Corp DE acquired a new stake in AGNC Investment during the 2nd quarter valued at approximately $77,501,000. 38.28% of the stock is owned by institutional investors and hedge funds.

AGNC Investment Price Performance

NASDAQ AGNC opened at $9.91 on Friday. AGNC Investment has a 1-year low of $9.63 and a 1-year high of $12.19. The firm has a market capitalization of $11.75 billion, a P/E ratio of 5.22 and a beta of 1.32. The business’s 50-day simple moving average is $10.65 and its 200-day simple moving average is $10.57.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. The firm had revenue of $305.00 million for the quarter, compared to analyst estimates of $1.06 billion. AGNC Investment had a net margin of 57.94% and a return on equity of 17.96%. During the same quarter last year, the firm posted ($0.17) earnings per share. On average, equities research analysts expect that AGNC Investment will post 1.6 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.12 per share. This represents a c) annualized dividend and a dividend yield of 14.5%. The ex-dividend date is Wednesday, September 30th. AGNC Investment’s dividend payout ratio (DPR) is presently 75.79%.

AGNC Investment Company Profile

AGNC Investment Corp. is a real estate investment trust that invests primarily in residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by a U.S. government-sponsored enterprise or agency, such as Fannie Mae, Freddie Mac or Ginnie Mae. These investments are commonly referred to as agency mortgage-backed securities.

The company seeks to generate income from its investment portfolio, primarily through the difference between the yield on its mortgage assets and its borrowing costs.