AGNC Investment (NASDAQ:AGNC) had its price objective trimmed by Barclays from $21.00 to $20.00 in a research report released on Friday morning. The brokerage currently has an equal weight rating on the real estate investment trust’s stock.
A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research raised shares of AGNC Investment from a hold rating to a strong-buy rating and set a $25.00 price target on the stock in a research note on Tuesday, October 24th. Maxim Group reaffirmed a buy rating and set a $21.25 price target on shares of AGNC Investment in a research note on Friday, October 27th. BidaskClub raised shares of AGNC Investment from a sell rating to a hold rating in a research note on Wednesday, December 6th. Wells Fargo & Co reaffirmed a market perform rating and set a $19.00 price target on shares of AGNC Investment in a research note on Friday, December 1st. Finally, Bank of America raised shares of AGNC Investment from an underperform rating to a neutral rating in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of $20.63.
AGNC Investment (AGNC) opened at $18.24 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a market cap of $7,140.00, a P/E ratio of 9.31 and a beta of -0.01. AGNC Investment has a one year low of $18.01 and a one year high of $22.34.
AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.02. The company had revenue of $212.00 million for the quarter, compared to the consensus estimate of $204.32 million. AGNC Investment had a net margin of 86.72% and a return on equity of 12.17%. During the same quarter last year, the firm posted $0.64 earnings per share. equities analysts expect that AGNC Investment will post 2.4 EPS for the current year.
The firm also recently announced a jan 18 dividend, which will be paid on Thursday, February 8th. Stockholders of record on Wednesday, January 31st will be paid a $0.18 dividend. This represents a dividend yield of 11.09%. The ex-dividend date of this dividend is Tuesday, January 30th. AGNC Investment’s dividend payout ratio is presently 110.20%.
Several hedge funds have recently modified their holdings of the company. APG Asset Management N.V. raised its stake in shares of AGNC Investment by 25.2% in the 4th quarter. APG Asset Management N.V. now owns 15,619,403 shares of the real estate investment trust’s stock valued at $262,621,000 after acquiring an additional 3,147,560 shares during the period. Wells Fargo & Company MN raised its stake in shares of AGNC Investment by 71.0% in the 3rd quarter. Wells Fargo & Company MN now owns 11,306,947 shares of the real estate investment trust’s stock valued at $245,135,000 after acquiring an additional 4,695,908 shares during the period. State Treasurer State of Michigan raised its stake in shares of AGNC Investment by 26.2% in the 4th quarter. State Treasurer State of Michigan now owns 9,605,800 shares of the real estate investment trust’s stock valued at $193,941,000 after acquiring an additional 1,991,800 shares during the period. Janus Henderson Group PLC raised its stake in shares of AGNC Investment by 33.3% in the 3rd quarter. Janus Henderson Group PLC now owns 2,672,335 shares of the real estate investment trust’s stock valued at $57,936,000 after acquiring an additional 668,185 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of AGNC Investment by 6.7% in the 3rd quarter. Legal & General Group Plc now owns 2,247,884 shares of the real estate investment trust’s stock valued at $48,731,000 after acquiring an additional 140,831 shares during the period. 65.42% of the stock is currently owned by institutional investors and hedge funds.
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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).
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