Compass Point Raises AGNC Investment (NASDAQ:AGNC) Price Target to $11.00

AGNC Investment (NASDAQ:AGNC) had its price target raised by Compass Point from $10.25 to $11.00 in a research report released on Wednesday, Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock.

Other analysts also recently issued research reports about the company. JMP Securities restated a market perform rating on shares of AGNC Investment in a research report on Thursday, April 18th. Jonestrading dropped 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. Janney Montgomery Scott assumed coverage on AGNC Investment in a research report on Thursday, June 6th. They issued a buy rating and a $10.50 price objective for the company. Keefe, Bruyette & Woods boosted their price objective on AGNC Investment from $9.50 to $10.00 and gave the company an outperform rating in a research report on Wednesday, July 10th. Finally, JPMorgan Chase & Co. boosted their price objective on AGNC Investment from $9.50 to $10.00 and gave the company an overweight rating in a research report on Tuesday, July 16th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, AGNC Investment currently has a consensus rating of Moderate Buy and a consensus price target of $10.00.

AGNC Investment Stock Up 1.8 %

Shares of NASDAQ AGNC opened at $10.05 on Wednesday. The business has a 50-day moving average of $9.83 and a 200-day moving average of $9.67. The firm has a market capitalization of $7.31 billion, a price-to-earnings ratio of 11.04 and a beta of 1.48. AGNC Investment has a 12 month low of $6.81 and a 12 month high of $10.64. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The firm had revenue of $695.00 million during the quarter, compared to the consensus estimate of $643.29 million. AGNC Investment had a return on equity of 26.78% and a net margin of 16.15%. The business’s quarterly revenue was up 52.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.67 EPS. Sell-side analysts expect that AGNC Investment will post 2.11 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently announced a jul 24 dividend, which will be paid on Friday, August 9th. Investors of record on Wednesday, July 31st will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a dividend yield of 13.8%. AGNC Investment’s dividend payout ratio is presently 158.24%.

Insider Activity at AGNC Investment

In related news, CFO Bernice Bell sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $9.32, for a total transaction of $32,620.00. Following the completion of the transaction, the chief financial officer now owns 309,973 shares in the company, valued at $2,888,948.36. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CFO Bernice Bell sold 3,500 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $9.32, for a total value of $32,620.00. Following the sale, the chief financial officer now directly owns 309,973 shares of the company’s stock, valued at $2,888,948.36. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Paul E. Mullings sold 5,400 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $9.40, for a total value of $50,760.00. Following the completion of the sale, the director now directly owns 111,827 shares in the company, valued at $1,051,173.80. The disclosure for this sale can be found here. Insiders sold a total of 10,900 shares of company stock worth $102,280 over the last quarter. 0.52% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AGNC Investment

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BLB&B Advisors LLC purchased a new stake in AGNC Investment in the second quarter worth $122,000. Summit Securities Group LLC grew its stake in AGNC Investment by 70.2% in the second quarter. Summit Securities Group LLC now owns 53,600 shares of the real estate investment trust’s stock worth $511,000 after purchasing an additional 22,100 shares during the period. Allspring Global Investments Holdings LLC grew its stake in AGNC Investment by 0.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 8,048,520 shares of the real estate investment trust’s stock worth $76,783,000 after purchasing an additional 32,813 shares during the period. Bank of New York Mellon Corp grew its stake in AGNC Investment by 8.4% in the second quarter. Bank of New York Mellon Corp now owns 2,435,422 shares of the real estate investment trust’s stock worth $23,234,000 after purchasing an additional 187,949 shares during the period. Finally, KG&L Capital Management LLC grew its stake in AGNC Investment by 2.7% in the second quarter. KG&L Capital Management LLC now owns 66,260 shares of the real estate investment trust’s stock worth $632,000 after purchasing an additional 1,740 shares during the period. 38.28% of the stock is owned by hedge funds and other institutional investors.

About AGNC Investment

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).