AGNC Investment Corp. (NASDAQ:AGNC – Get Free Report) has earned an average rating of “Hold” from the ten brokerages that are covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $11.0625.
AGNC has been the subject of several analyst reports. Piper Sandler reissued an “overweight” rating on shares of AGNC Investment in a research report on Thursday, June 4th. UBS Group increased their price target on shares of AGNC Investment from $10.50 to $11.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Royal Bank Of Canada reissued an “outperform” rating and set a $12.00 price target on shares of AGNC Investment in a research report on Friday, April 24th. Wall Street Zen raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of AGNC Investment in a research report on Friday, March 27th.
Read Our Latest Stock Analysis on AGNC
AGNC Investment Price Performance
AGNC Investment (NASDAQ:AGNC – Get Free Report) last issued its earnings results on Monday, April 20th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.06. AGNC Investment had a net margin of 39.50% and a return on equity of 18.31%. The company had revenue of ($114.00) million for the quarter, compared to analysts’ expectations of $411.57 million. On average, equities analysts expect that AGNC Investment will post 1.56 earnings per share for the current year.
AGNC Investment Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.12 per share. This represents a c) annualized dividend and a dividend yield of 14.0%. The ex-dividend date of this dividend is Tuesday, June 30th. AGNC Investment’s dividend payout ratio is presently 119.01%.
Insider Activity
In other AGNC Investment news, Director Donna Blank sold 22,000 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $10.78, for a total transaction of $237,160.00. Following the completion of the sale, the director directly owned 96,471 shares of the company’s stock, valued at approximately $1,039,957.38. This represents a 18.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Peter J. Federico sold 64,412 shares of the stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $11.08, for a total transaction of $713,684.96. Following the sale, the chief executive officer directly owned 1,927,083 shares of the company’s stock, valued at approximately $21,352,079.64. The trade was a 3.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 215,234 shares of company stock valued at $2,364,022. Insiders own 0.40% of the company’s stock.
Hedge Funds Weigh In On AGNC Investment
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of AGNC Investment by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 97,745,127 shares of the real estate investment trust’s stock valued at $1,047,828,000 after purchasing an additional 1,304,782 shares during the last quarter. Geode Capital Management LLC raised its position in shares of AGNC Investment by 5.8% in the 4th quarter. Geode Capital Management LLC now owns 29,097,741 shares of the real estate investment trust’s stock valued at $312,275,000 after purchasing an additional 1,596,244 shares during the last quarter. State Street Corp raised its position in shares of AGNC Investment by 6.4% in the 4th quarter. State Street Corp now owns 18,245,939 shares of the real estate investment trust’s stock valued at $197,774,000 after purchasing an additional 1,090,374 shares during the last quarter. Norges Bank purchased a new position in shares of AGNC Investment in the 4th quarter valued at approximately $141,830,000. Finally, Morgan Stanley raised its position in shares of AGNC Investment by 24.3% in the 4th quarter. Morgan Stanley now owns 7,491,585 shares of the real estate investment trust’s stock valued at $80,310,000 after purchasing an additional 1,462,468 shares during the last quarter. 38.28% of the stock is owned by hedge funds and other institutional investors.
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.
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