AGNC Investment (NASDAQ:AGNC) Given New $10.25 Price Target at Keefe, Bruyette & Woods

AGNC Investment (NASDAQ:AGNC) had its price objective increased by Keefe, Bruyette & Woods from $10.00 to $10.25 in a research report report published on Thursday, Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the real estate investment trust’s stock.

A number of other research firms also recently weighed in on AGNC. Janney Montgomery Scott initiated coverage on AGNC Investment in a research report on Thursday, June 6th. They issued a buy rating and a $10.50 target price for the company. Compass Point boosted their price objective on shares of AGNC Investment from $10.25 to $11.00 and gave the stock a buy rating in a report on Wednesday, July 24th. Maxim Group lowered shares of AGNC Investment from a buy rating to a hold rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. boosted their price target on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an overweight rating in a research note on Tuesday, July 16th. Finally, JMP Securities reissued a market perform rating on shares of AGNC Investment in a research note on Thursday, April 18th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $10.00.

AGNC Investment Price Performance

Shares of NASDAQ:AGNC opened at $10.05 on Thursday. The company’s fifty day moving average price is $9.83 and its 200-day moving average price is $9.66. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.28 and a quick ratio of 0.28. 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 one year low of $6.81 and a one year high of $10.64.

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

AGNC Investment Announces Dividend

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

Insider Transactions 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 other news, CFO Bernice Bell sold 3,500 shares of AGNC Investment stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $9.32, for a total transaction of $32,620.00. Following the sale, the chief financial officer now owns 309,973 shares of the company’s stock, valued at approximately $2,888,948.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul E. Mullings sold 5,400 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $9.40, for a total transaction of $50,760.00. Following the completion of the transaction, the director now directly owns 111,827 shares of the company’s stock, valued at $1,051,173.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,900 shares of company stock worth $102,280. 0.52% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AGNC Investment

Hedge funds have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of AGNC Investment during the fourth quarter valued at approximately $69,215,000. Vanguard Group Inc. raised its stake in AGNC Investment by 10.5% during the fourth quarter. Vanguard Group Inc. now owns 63,366,808 shares of the real estate investment trust’s stock valued at $621,628,000 after buying an additional 6,019,268 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of AGNC Investment in the 4th quarter worth $38,593,000. GRS Advisors LLC purchased a new position in shares of AGNC Investment in the fourth quarter worth $32,509,000. Finally, Victory Capital Management Inc. lifted its holdings in shares of AGNC Investment by 150.5% during the fourth quarter. Victory Capital Management Inc. now owns 5,175,807 shares of the real estate investment trust’s stock valued at $50,775,000 after purchasing an additional 3,109,966 shares in the last quarter. Institutional investors own 38.28% of the company’s stock.

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).