AGNC Investment Corp. (NASDAQ:AGNC) Receives $10.50 Consensus Target Price from Analysts

Shares of AGNC Investment Corp. (NASDAQ:AGNC) have earned an average recommendation of “Moderate Buy” from the ten brokerages that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $10.50.

A number of equities research analysts recently weighed in on the company. StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, February 25th. Royal Bank of Canada restated an “outperform” rating and set a $11.00 price objective on shares of AGNC Investment in a research report on Thursday, January 30th. Keefe, Bruyette & Woods reduced their price objective on AGNC Investment from $10.75 to $10.25 and set an “outperform” rating on the stock in a research report on Wednesday, January 29th. Argus upgraded AGNC Investment to a “hold” rating in a research report on Tuesday, February 4th. Finally, JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research report on Thursday, January 23rd.

Insiders Place Their Bets

In other AGNC Investment news, CFO Bernice Bell sold 13,000 shares of AGNC Investment stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $10.04, for a total transaction of $130,520.00. Following the transaction, the chief financial officer now directly owns 372,226 shares of the company’s stock, valued at approximately $3,737,149.04. The trade was a 3.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frances Spark sold 5,000 shares of AGNC Investment stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total value of $50,500.00. Following the transaction, the director now directly owns 75,919 shares in the company, valued at $766,781.90. The trade was a 6.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its stake in shares of AGNC Investment by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,768,305 shares of the real estate investment trust’s stock valued at $70,796,000 after purchasing an additional 162,152 shares during the period. Barclays PLC lifted its stake in shares of AGNC Investment by 4.8% in the 3rd quarter. Barclays PLC now owns 1,552,969 shares of the real estate investment trust’s stock valued at $16,242,000 after purchasing an additional 71,330 shares during the period. Geode Capital Management LLC lifted its stake in shares of AGNC Investment by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 12,303,616 shares of the real estate investment trust’s stock valued at $128,730,000 after purchasing an additional 242,640 shares during the period. Howard Financial Services LTD. increased its position in AGNC Investment by 195.2% in the 4th quarter. Howard Financial Services LTD. now owns 53,834 shares of the real estate investment trust’s stock valued at $496,000 after buying an additional 35,598 shares in the last quarter. Finally, Equity Investment Corp increased its position in AGNC Investment by 2.1% in the 3rd quarter. Equity Investment Corp now owns 7,274,167 shares of the real estate investment trust’s stock valued at $76,088,000 after buying an additional 149,775 shares in the last quarter. 38.28% of the stock is owned by institutional investors and hedge funds.

AGNC Investment Stock Performance

NASDAQ:AGNC opened at $10.17 on Tuesday. The stock has a market cap of $9.31 billion, a P/E ratio of 10.48 and a beta of 1.50. The stock has a 50 day simple moving average of $10.10 and a 200 day simple moving average of $9.93. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. AGNC Investment has a 1-year low of $8.92 and a 1-year high of $10.85.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. Research analysts anticipate that AGNC Investment will post 1.61 earnings per share for the current year.

AGNC Investment Announces Dividend

The business also recently announced a mar 25 dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.12 per share. This represents a yield of 14.1%. The ex-dividend date of this dividend is Monday, March 31st. AGNC Investment’s payout ratio is presently 148.45%.

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).