Brokerages Set AGNC Investment Corp. (NASDAQ:AGNC) PT at $11.03

Shares of AGNC Investment Corp. (NASDAQ:AGNC) have been given a consensus rating of “Hold” by the eleven analysts that are presently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $11.0313.

Several research firms have commented on AGNC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AGNC Investment in a report on Friday, March 27th. Barclays boosted their price objective on AGNC Investment from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Tuesday, January 6th. JonesTrading downgraded AGNC Investment from a “buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $12.00 target price (up from $11.00) on shares of AGNC Investment in a report on Thursday, January 29th. Finally, BTIG Research cut AGNC Investment from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 6th.

AGNC Investment Stock Performance

Shares of NASDAQ AGNC opened at $10.02 on Friday. The company has a 50 day simple moving average of $10.96 and a two-hundred day simple moving average of $10.61. The stock has a market cap of $11.25 billion, a price-to-earnings ratio of 7.16 and a beta of 1.38. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.01. AGNC Investment has a 12 month low of $7.85 and a 12 month high of $12.19.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Monday, January 26th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $354.75 million. AGNC Investment had a return on equity of 18.32% and a net margin of 47.40%. As a group, analysts predict that AGNC Investment will post 1.61 earnings per share for the current year.

AGNC Investment Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, April 10th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 14.4%. AGNC Investment’s dividend payout ratio (DPR) is presently 102.86%.

Insider Activity

In related news, EVP Bernice Bell sold 25,000 shares of the stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $12.14, for a total transaction of $303,500.00. Following the sale, the executive vice president directly owned 491,728 shares of the company’s stock, valued at approximately $5,969,577.92. This represents a 4.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Kenneth L. Pollack sold 50,000 shares of the firm’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $12.11, for a total transaction of $605,500.00. Following the sale, the executive vice president owned 552,297 shares in the company, valued at approximately $6,688,316.67. This represents a 8.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 775,000 shares of company stock valued at $9,246,000 in the last three months. 0.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AGNC. GoalVest Advisory LLC purchased a new position in shares of AGNC Investment in the 4th quarter valued at about $26,000. Sound Income Strategies LLC boosted its position in AGNC Investment by 61.1% during the fourth 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 in the last quarter. Atlantic Union Bankshares Corp purchased a new position in AGNC Investment during the third quarter worth approximately $29,000. Flagship Harbor Advisors LLC acquired a new stake in AGNC Investment in the fourth quarter valued at approximately $33,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in AGNC Investment by 110.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,251 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 1,708 shares during the period. Institutional investors and hedge funds own 38.28% of the company’s stock.

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.