AGNC Investment Corp. (NASDAQ:AGNC) Receives Average Rating of “Hold” from Brokerages

Shares of AGNC Investment Corp. (NASDAQ:AGNC) have earned a consensus rating of “Hold” from the eleven research firms that are covering the company, Marketbeat.com reports. Eight analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $11.1111.

AGNC has been the topic of several recent analyst reports. Piper Sandler boosted their price target on AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, July 2nd. Wall Street Zen upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. UBS Group increased their target price on shares of AGNC Investment from $10.50 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Royal Bank Of Canada restated an “outperform” rating and issued a $12.00 price target on shares of AGNC Investment in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $11.50 price target (up from $11.00) on shares of AGNC Investment in a research note on Friday, July 17th.

AGNC Investment Stock Performance

Shares of AGNC opened at $10.64 on Friday. The firm’s fifty day simple moving average is $10.68 and its two-hundred day simple moving average is $10.79. AGNC Investment has a 12 month low of $9.31 and a 12 month high of $12.19. The stock has a market capitalization of $12.61 billion, a P/E ratio of 5.60 and a beta of 1.32.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. The firm had revenue of $305.00 million during the quarter, compared to analyst estimates of $1.06 billion. AGNC Investment had a return on equity of 17.96% and a net margin of 57.94%.During the same period last year, the company posted ($0.17) EPS. As a group, research analysts predict that AGNC Investment will post 1.6 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, August 11th. Investors of record on Friday, July 31st will be paid a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a yield of 13.5%. The ex-dividend date of this dividend is Friday, July 31st. AGNC Investment’s dividend payout ratio is 75.79%.

Insiders Place Their Bets

In other AGNC Investment news, EVP Bernice Bell sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total value of $55,000.00. Following the transaction, the executive vice president owned 406,947 shares in the company, valued at approximately $4,476,417. This represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.40% of the company’s stock.

Institutional Trading of AGNC Investment

Several hedge funds have recently bought and sold shares of AGNC. Avion Wealth lifted its stake in shares of AGNC Investment by 286.3% in the first quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 2,021 shares in the last quarter. Sound Income Strategies LLC increased its position in shares of AGNC Investment by 61.1% during the fourth quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 1,048 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of AGNC Investment in the 4th quarter worth about $33,000. National Bank of Canada FI raised its holdings in shares of AGNC Investment by 100.9% in the 3rd quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 1,690 shares during the last quarter. Finally, WealthCollab LLC acquired a new stake in shares of AGNC Investment in the 3rd quarter worth about $33,000. Institutional investors and hedge funds own 38.28% of the company’s stock.

About AGNC Investment

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.