Shares of AGNC Investment Corp. (NASDAQ:AGNC – Get Free Report) have earned an average rating of “Hold” from the eleven brokerages that are currently covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $11.1111.
A number of research analysts have recently issued reports on AGNC shares. Wells Fargo & Company reduced their price target 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, July 23rd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $11.50 price objective (up from $11.00) on shares of AGNC Investment in a research report on Friday, July 17th. Piper Sandler increased their price objective on shares of AGNC Investment from $11.50 to $12.00 and gave the stock an “overweight” rating in a research note on Thursday, July 2nd. Compass Point cut shares of AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 target price on the stock. in a report on Friday, July 17th. Finally, Keefe, Bruyette & Woods decreased their target price on AGNC Investment from $12.00 to $11.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd.
Check Out Our Latest Stock Report on AGNC
AGNC Investment Trading Up 1.0%
AGNC Investment (NASDAQ:AGNC – Get Free Report) last released its quarterly earnings data on Monday, July 20th. The real estate investment trust reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. AGNC Investment had a net margin of 57.94% and a return on equity of 17.96%. The firm had revenue of $305.00 million during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the company posted ($0.17) earnings per share. On average, research analysts forecast that AGNC Investment will post 1.6 EPS 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. Investors of record on Wednesday, September 30th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 14.4%. AGNC Investment’s dividend payout ratio (DPR) is 75.79%.
Insider Activity
In related news, EVP Bernice Bell sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total transaction of $55,000.00. Following the completion of the transaction, the executive vice president owned 406,947 shares in the company, valued at $4,476,417. The trade was a 1.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.40% of the company’s stock.
Institutional Investors Weigh In On AGNC Investment
Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of AGNC Investment in the second quarter worth $704,076,000. Norges Bank bought a new stake in shares of AGNC Investment during the fourth quarter valued at about $141,830,000. Equity Investment Corp acquired a new stake in AGNC Investment in the second quarter worth about $106,123,000. Bank of America Corp DE acquired a new stake in AGNC Investment in the second quarter worth about $77,501,000. Finally, Bank of New York Mellon Corp acquired a new stake in AGNC Investment in the second quarter worth about $40,182,000. 38.28% of the stock is owned by institutional investors and hedge funds.
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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