AGNC Investment Corp. (NASDAQ:AGNC) Given Average Rating of “Moderate Buy” by Analysts

AGNC Investment Corp. (NASDAQ:AGNC) has received an average rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $9.6250.

Several research analysts have recently commented on the company. UBS Group lifted their target price on AGNC Investment from $9.50 to $9.75 and gave the stock a “neutral” rating in a research report on Wednesday, September 3rd. Jones Trading reiterated a “buy” rating and issued a $9.50 target price on shares of AGNC Investment in a research report on Tuesday, July 22nd. Finally, Keefe, Bruyette & Woods lifted their target price on AGNC Investment from $9.50 to $10.00 and gave the stock an “outperform” rating in a research report on Thursday, July 10th.

Insider Activity at AGNC Investment

In related news, Director John D. Fisk sold 20,278 shares of the firm’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $9.65, for a total value of $195,682.70. Following the sale, the director owned 112,685 shares of the company’s stock, valued at approximately $1,087,410.25. This trade represents a 15.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul E. Mullings sold 11,000 shares of AGNC Investment stock in a transaction on Friday, July 25th. The shares were sold at an average price of $9.61, for a total value of $105,710.00. Following the sale, the director directly owned 128,511 shares in the company, valued at $1,234,990.71. The trade was a 7.88% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

Institutional Trading of AGNC Investment

A number of hedge funds and other institutional investors have recently modified their holdings of AGNC. Red Tortoise LLC grew its holdings in shares of AGNC Investment by 377.4% in the 2nd quarter. Red Tortoise LLC now owns 2,764 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 2,185 shares during the last quarter. Fourth Dimension Wealth LLC acquired a new position in shares of AGNC Investment in the 4th quarter worth $26,000. N.E.W. Advisory Services LLC acquired a new position in shares of AGNC Investment in the 1st quarter worth $28,000. Larson Financial Group LLC grew its holdings in shares of AGNC Investment by 326.3% in the 1st quarter. Larson Financial Group LLC now owns 3,291 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 2,519 shares during the last quarter. Finally, AlphaQuest LLC purchased a new position in shares of AGNC Investment during the first quarter valued at $34,000. Institutional investors own 38.28% of the company’s stock.

AGNC Investment Price Performance

Shares of NASDAQ AGNC opened at $10.19 on Tuesday. AGNC Investment has a fifty-two week low of $7.85 and a fifty-two week high of $10.85. The business has a 50 day moving average price of $9.67 and a two-hundred day moving average price of $9.38. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.01. The firm has a market cap of $10.62 billion, a PE ratio of 29.97 and a beta of 1.30.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Monday, July 21st. The real estate investment trust reported $0.38 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.04). The firm had revenue of $830.00 million during the quarter, compared to analyst estimates of $447.37 million. AGNC Investment had a return on equity of 19.32% and a net margin of 11.50%.During the same quarter in the previous year, the business posted $0.53 EPS. Sell-side analysts expect that AGNC Investment will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently announced a sep 25 dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 30th will be given a $0.12 dividend. The ex-dividend date is Tuesday, September 30th. This represents a dividend yield of 1,408.0%. AGNC Investment’s dividend payout ratio (DPR) is presently 423.53%.

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).