AGNC Investment Corp. (NASDAQ:AGNC) Receives $11.03 Consensus PT from Analysts

AGNC Investment Corp. (NASDAQ:AGNC) has been given a consensus recommendation of “Hold” by the eleven analysts that are covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $11.0625.

Several equities analysts have recently issued reports on the company. BTIG Research downgraded AGNC Investment from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 6th. Wells Fargo & Company boosted their target price on AGNC Investment from $10.00 to $12.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $12.00 target price (up from $11.00) on shares of AGNC Investment in a report on Thursday, January 29th. Weiss Ratings reissued a “hold (c)” rating on shares of AGNC Investment in a report on Friday, March 27th. Finally, Wall Street Zen raised AGNC Investment from a “sell” rating to a “hold” rating in a report on Saturday.

AGNC Investment Stock Performance

Shares of NASDAQ AGNC opened at $11.02 on Wednesday. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.01. The stock has a 50 day simple moving average of $10.61 and a 200-day simple moving average of $10.68. The company has a market cap of $12.38 billion, a PE ratio of 9.11 and a beta of 1.38. AGNC Investment has a 12-month low of $8.61 and a 12-month high of $12.19.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data 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. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $411.57 million. AGNC Investment had a return on equity of 18.63% and a net margin of 39.50%. On average, equities research analysts forecast that AGNC Investment will post 1.54 EPS for the current year.

AGNC Investment Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, May 11th. Investors of record on Thursday, April 30th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, April 30th. This represents a c) annualized dividend and a yield of 13.1%. AGNC Investment’s payout ratio is presently 119.01%.

Insider Buying and Selling

In other AGNC Investment news, EVP Bernice Bell sold 25,000 shares of the company’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $12.14, for a total value of $303,500.00. Following the transaction, the executive vice president owned 491,728 shares of the company’s stock, valued at approximately $5,969,577.92. This represents a 4.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary D. Kain sold 700,000 shares of the company’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $11.91, for a total value of $8,337,000.00. Following the completion of the transaction, the director directly owned 2,189,091 shares in the company, valued at $26,072,073.81. This represents a 24.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 775,000 shares of company stock valued at $9,246,000 over the last quarter. Corporate insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AGNC. AQR Capital Management LLC increased its holdings in shares of AGNC Investment by 51.9% in the first quarter. AQR Capital Management LLC now owns 64,100 shares of the real estate investment trust’s stock valued at $614,000 after buying an additional 21,897 shares in the last quarter. NewEdge Advisors LLC raised its stake in AGNC Investment by 38.4% during the 1st quarter. NewEdge Advisors LLC now owns 24,941 shares of the real estate investment trust’s stock valued at $239,000 after purchasing an additional 6,923 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of AGNC Investment by 16.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,811,782 shares of the real estate investment trust’s stock valued at $26,937,000 after purchasing an additional 387,524 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of AGNC Investment by 57.8% in the second quarter. Hsbc Holdings PLC now owns 37,642 shares of the real estate investment trust’s stock valued at $346,000 after purchasing an additional 13,793 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of AGNC Investment by 8.9% in the second quarter. Invesco Ltd. now owns 2,494,606 shares of the real estate investment trust’s stock valued at $22,925,000 after purchasing an additional 203,610 shares in the last quarter. 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.