Shares of AGNC Investment Corp. (NASDAQ:AGNC – Get Free Report) have received an average recommendation of “Hold” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $11.25.
AGNC has been the topic of several recent analyst reports. Wall Street Zen raised AGNC Investment from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. UBS Group upped their price target on 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 reaffirmed an “outperform” rating and set a $12.00 price objective on shares of AGNC Investment in a report on Friday, April 24th. JPMorgan Chase & Co. reduced their price objective on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Finally, Piper Sandler boosted their target price on shares of AGNC Investment from $11.50 to $12.00 and gave the stock an “overweight” rating in a report on Thursday, July 2nd.
Check Out Our Latest Research Report on AGNC
AGNC Investment Stock Performance
AGNC Investment (NASDAQ:AGNC – Get Free Report) last announced its quarterly earnings data on Monday, April 20th. The real estate investment trust reported $0.42 EPS for the quarter, beating the consensus estimate of $0.36 by $0.06. The business had revenue of ($114.00) million for the quarter, compared to the consensus estimate of $411.57 million. AGNC Investment had a return on equity of 18.31% and a net margin of 39.50%. On average, equities research analysts predict that AGNC Investment will post 1.56 earnings per share for the current year.
AGNC Investment Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st will be paid a $0.12 dividend. The ex-dividend date is Friday, July 31st. This represents a c) annualized dividend and a yield of 12.9%. AGNC Investment’s payout ratio is presently 119.01%.
Insider Transactions at AGNC Investment
In other news, CEO Peter J. Federico sold 64,412 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was 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 $21,352,079.64. This represents a 3.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Donna Blank sold 22,000 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $10.78, for a total value of $237,160.00. Following the transaction, the director owned 96,471 shares of the company’s stock, valued at $1,039,957.38. This represents a 18.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 215,234 shares of company stock valued at $2,364,022. Company insiders own 0.40% of the company’s stock.
Institutional Investors Weigh In On AGNC Investment
Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in AGNC Investment by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 97,745,127 shares of the real estate investment trust’s stock worth $1,047,828,000 after acquiring an additional 1,304,782 shares in the last quarter. International Assets Investment Management LLC increased its stake in AGNC Investment by 43.1% during the fourth quarter. International Assets Investment Management LLC now owns 486,562 shares of the real estate investment trust’s stock worth $5,216,000 after acquiring an additional 146,508 shares during the last quarter. JPMorgan Chase & Co. raised its position in AGNC Investment by 29.4% during the third quarter. JPMorgan Chase & Co. now owns 1,429,581 shares of the real estate investment trust’s stock valued at $14,000,000 after purchasing an additional 325,104 shares during the period. Trivium Point Advisory LLC raised its position in AGNC Investment by 18.9% during the fourth quarter. Trivium Point Advisory LLC now owns 1,355,114 shares of the real estate investment trust’s stock valued at $14,527,000 after purchasing an additional 215,586 shares during the period. Finally, Y Intercept Hong Kong Ltd lifted its stake in shares of AGNC Investment by 187.2% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 786,411 shares of the real estate investment trust’s stock valued at $8,430,000 after purchasing an additional 512,574 shares during the last quarter. Hedge funds and other institutional investors 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.
Featured Articles
- Five stocks we like better than AGNC Investment
- 3 Rare-Earth ETFs That Help Investors Balance Exposure and Risk
- Microsoft Bets on In-House AI to Cut OpenAI and Anthropic Costs
- Delta Air Lines Lives Up to Its Claims: Shares Can Keep Climbing
- This Dividend ETF Choice Could Shape Your Income Strategy Through 2026
Receive News & Ratings for AGNC Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AGNC Investment and related companies with MarketBeat.com's FREE daily email newsletter.
