Brokerages Set AGNC Investment Corp. (NASDAQ:AGNC) Target Price at $9.79

Shares of AGNC Investment Corp. (NASDAQ:AGNC) have received an average rating of “Moderate Buy” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $9.79.

Several equities analysts have recently issued reports on the company. StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, March 12th. Royal Bank of Canada cut their price target on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating on the stock in a research note on Thursday, January 25th. Jonestrading lowered their target price on AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Keefe, Bruyette & Woods decreased their price target on AGNC Investment from $10.00 to $9.50 and set an “outperform” rating for the company in a research note on Wednesday, April 24th. Finally, Compass Point initiated coverage on shares of AGNC Investment in a report on Tuesday, February 20th. They set a “buy” rating and a $10.25 price target for the company.

Insider Activity at AGNC Investment

In related news, Director Frances Spark sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $9.35, for a total value of $46,750.00. Following the transaction, the director now owns 75,545 shares in the company, valued at $706,345.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.43% of the stock is owned by company insiders.

Hedge Funds Weigh In On AGNC Investment

Hedge funds have recently bought and sold shares of the company. Portside Wealth Group LLC grew its holdings in shares of AGNC Investment by 8.8% in the fourth quarter. Portside Wealth Group LLC now owns 14,124 shares of the real estate investment trust’s stock worth $139,000 after purchasing an additional 1,147 shares during the last quarter. Global Retirement Partners LLC boosted its position in shares of AGNC Investment by 12.3% during the first quarter. Global Retirement Partners LLC now owns 11,303 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 1,238 shares during the last quarter. Waterfront Wealth Inc. raised its stake in AGNC Investment by 2.5% during the 4th quarter. Waterfront Wealth Inc. now owns 52,215 shares of the real estate investment trust’s stock valued at $512,000 after buying an additional 1,251 shares during the last quarter. Consolidated Portfolio Review Corp grew its stake in shares of AGNC Investment by 2.3% during the 4th quarter. Consolidated Portfolio Review Corp now owns 59,930 shares of the real estate investment trust’s stock valued at $588,000 after purchasing an additional 1,341 shares during the period. Finally, Foster Victor Wealth Advisors LLC grew its position in AGNC Investment by 4.1% during the fourth quarter. Foster Victor Wealth Advisors LLC now owns 35,286 shares of the real estate investment trust’s stock valued at $351,000 after buying an additional 1,379 shares during the period. Hedge funds and other institutional investors own 38.28% of the company’s stock.

AGNC Investment Price Performance

Shares of NASDAQ AGNC opened at $9.24 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average price is $9.55 and its two-hundred day moving average price is $9.27. AGNC Investment has a twelve month low of $6.81 and a twelve month high of $10.64. The company has a market cap of $6.42 billion, a PE ratio of 10.15 and a beta of 1.45.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The business had revenue of $642.00 million for the quarter, compared to the consensus estimate of $568.38 million. AGNC Investment had a return on equity of 27.92% and a net margin of 32.12%. During the same quarter in the prior year, the business posted $0.70 earnings per share. On average, analysts predict that AGNC Investment will post 2.1 EPS for the current year.

AGNC Investment Announces Dividend

The firm also recently announced a apr 24 dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.12 per share. This represents a dividend yield of 15.4%. The ex-dividend date of this dividend is Monday, April 29th. AGNC Investment’s dividend payout ratio is presently 158.24%.

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).