Analysts Set AGNC Investment Corp. (NASDAQ:AGNC) Price Target at $10.06

Shares of AGNC Investment Corp. (NASDAQ:AGNC) have been given an average rating of “Moderate Buy” by the six ratings firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $9.93.

Several research analysts recently commented on AGNC shares. Royal Bank of Canada lowered their target price on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating for the company in a research note on Thursday, January 25th. StockNews.com raised AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, March 12th. Keefe, Bruyette & Woods upped their price objective on AGNC Investment from $8.50 to $10.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 13th. Barclays upped their price objective on AGNC Investment from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Monday, January 22nd. Finally, Compass Point assumed coverage on AGNC Investment in a research report on Tuesday, February 20th. They set a “buy” rating and a $10.25 price objective for the company.

AGNC Investment Trading Down 0.4 %

AGNC opened at $9.65 on Tuesday. AGNC Investment has a 12 month low of $6.81 and a 12 month high of $10.64. The stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of 965.97 and a beta of 1.45. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.26 and a quick ratio of 0.26. The business has a fifty day moving average price of $9.61 and a 200 day moving average price of $9.28.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Monday, January 29th. The real estate investment trust reported $0.60 EPS for the quarter, topping the consensus estimate of $0.49 by $0.11. AGNC Investment had a return on equity of 28.02% and a net margin of 7.59%. The firm had revenue of $640.00 million during the quarter, compared to analysts’ expectations of $570.42 million. During the same period in the previous year, the firm posted $0.74 EPS. Sell-side analysts expect that AGNC Investment will post 2.16 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently disclosed a mar 24 dividend, which will be paid on Tuesday, April 9th. Shareholders of record on Friday, March 29th will be paid a dividend of $0.12 per share. This represents a yield of 14.8%. The ex-dividend date is Wednesday, March 27th. AGNC Investment’s dividend payout ratio is presently 14,414.41%.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, CFO Bernice Bell sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $9.85, for a total transaction of $98,500.00. Following the completion of the sale, the chief financial officer now directly owns 287,282 shares of the company’s stock, valued at approximately $2,829,727.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.52% of the stock is owned by company insiders.

Hedge Funds Weigh In On AGNC Investment

A number of large investors have recently modified their holdings of the business. SVB Wealth LLC raised its stake in shares of AGNC Investment by 2.3% during the 2nd quarter. SVB Wealth LLC now owns 42,396 shares of the real estate investment trust’s stock worth $469,000 after buying an additional 959 shares in the last quarter. MetLife Investment Management LLC grew its holdings in shares of AGNC Investment by 9.8% in the 4th quarter. MetLife Investment Management LLC now owns 11,791 shares of the real estate investment trust’s stock worth $122,000 after acquiring an additional 1,049 shares during the period. Portside Wealth Group LLC grew its holdings in shares of AGNC Investment by 8.8% in the 4th quarter. Portside Wealth Group LLC now owns 14,124 shares of the real estate investment trust’s stock worth $139,000 after acquiring an additional 1,147 shares during the period. Foster Victor Wealth Advisors LLC grew its holdings in shares of AGNC Investment by 3.5% in the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 33,907 shares of the real estate investment trust’s stock worth $303,000 after acquiring an additional 1,149 shares during the period. Finally, Treasurer of the State of North Carolina grew its holdings in shares of AGNC Investment by 0.5% in the 2nd quarter. Treasurer of the State of North Carolina now owns 250,568 shares of the real estate investment trust’s stock worth $2,538,000 after acquiring an additional 1,150 shares during the period. 38.28% of the stock is owned by hedge funds and other institutional investors.

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).