AGNC Investment Corp. (NASDAQ:AGNC – Get Free Report) saw unusually large options trading activity on Wednesday. Traders bought 30,394 put options on the company. This represents an increase of 26% compared to the typical volume of 24,149 put options.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on AGNC. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $11.50 price objective (up from $11.00) on shares of AGNC Investment in a research note on Friday, July 17th. Weiss Ratings upgraded shares of AGNC Investment from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 17th. Keefe, Bruyette & Woods dropped their price target on shares of AGNC Investment from $12.00 to $11.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Piper Sandler increased their price target on shares of AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, July 2nd. Finally, Wells Fargo & Company decreased their price objective on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $11.11.
View Our Latest Stock Analysis on AGNC Investment
AGNC Investment Price Performance
AGNC Investment (NASDAQ:AGNC – Get Free Report) last issued its quarterly earnings data on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.02. The company had revenue of $305.00 million for the quarter, compared to analyst estimates of $1.06 billion. AGNC Investment had a net margin of 57.94% and a return on equity of 17.96%. During the same period in the prior year, the firm earned ($0.17) earnings per share. On average, research analysts anticipate that AGNC Investment will post 1.6 earnings per share for the current fiscal year.
AGNC Investment Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th will be issued a $0.12 dividend. This represents a c) annualized dividend and a yield of 14.7%. The ex-dividend date of this dividend is Wednesday, September 30th. AGNC Investment’s dividend payout ratio is currently 75.79%.
Insider Activity
In related news, EVP Bernice Bell sold 5,000 shares of the company’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total transaction of $55,000.00. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.40% of the company’s stock.
Institutional Investors Weigh In On AGNC Investment
A number of institutional investors have recently made changes to their positions in the company. Delta Asset Management LLC TN bought a new position in shares of AGNC Investment during the second quarter worth approximately $25,000. Danske Bank A S acquired a new position in AGNC Investment in the 2nd quarter valued at $26,000. Avion Wealth increased its position in AGNC Investment by 286.3% during the 1st quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 2,021 shares during the period. MCF Advisors LLC increased its position in AGNC Investment by 254.1% during the 2nd quarter. MCF Advisors LLC now owns 2,408 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 1,728 shares during the period. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of AGNC Investment during the second quarter worth $28,000. Institutional investors own 38.28% of the company’s stock.
AGNC Investment Company Profile
AGNC Investment Corp. is a real estate investment trust that invests primarily in residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by a U.S. government-sponsored enterprise or agency, such as Fannie Mae, Freddie Mac or Ginnie Mae. These investments are commonly referred to as agency mortgage-backed securities.
The company seeks to generate income from its investment portfolio, primarily through the difference between the yield on its mortgage assets and its borrowing costs.
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