AGNC Investment’s (AGNC) Outperform Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of AGNC Investment (NASDAQ:AGNC) in a research note published on Thursday morning,Benzinga reports. The firm currently has a $11.00 price objective on the real estate investment trust’s stock.

Several other research firms have also commented on AGNC. JPMorgan Chase & Co. reduced their price target on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating on the stock in a report on Monday, December 9th. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a report on Thursday, January 23rd. StockNews.com downgraded AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. Finally, Keefe, Bruyette & Woods decreased their price objective on AGNC Investment from $10.75 to $10.25 and set an “outperform” rating on the stock in a report on Wednesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $10.50.

AGNC Investment Price Performance

AGNC opened at $10.08 on Thursday. AGNC Investment has a 1 year low of $8.92 and a 1 year high of $10.85. The business’s 50-day moving average is $9.52 and its two-hundred day moving average is $9.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23. The firm has a market capitalization of $8.93 billion, a PE ratio of 10.39 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. Research analysts anticipate that AGNC Investment will post 1.63 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently disclosed a jan 25 dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a yield of 15.5%. AGNC Investment’s dividend payout ratio (DPR) is presently 148.46%.

Hedge Funds Weigh In On AGNC Investment

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Riverview Trust Co acquired a new stake in AGNC Investment in the third quarter valued at approximately $25,000. Financial Life Planners purchased a new stake in shares of AGNC Investment during the 4th quarter valued at $28,000. Point72 Asset Management L.P. bought a new position in AGNC Investment during the third quarter valued at about $32,000. Northwestern Mutual Wealth Management Co. boosted its holdings in AGNC Investment by 52.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 1,255 shares during the period. Finally, Blue Trust Inc. raised its holdings in AGNC Investment by 315.9% during the 3rd quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 2,966 shares during the period. Institutional investors own 38.28% of the company’s stock.

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).