AGNC Investment Corp. (NASDAQ:AGNC) Receives $10.50 Average Price Target from Analysts

AGNC Investment Corp. (NASDAQ:AGNC) has received an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $10.50.

AGNC has been the subject of several recent research reports. Royal Bank of Canada reissued an “outperform” rating and set a $11.00 target price on shares of AGNC Investment in a report on Thursday, January 30th. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a report on Thursday, January 23rd. JPMorgan Chase & Co. cut their price objective on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a report on Monday, December 9th. StockNews.com raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Wells Fargo & Company cut their price objective on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Thursday, January 30th.

Insider Buying and Selling

In other AGNC Investment news, CFO Bernice Bell sold 13,000 shares of AGNC Investment stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $10.04, for a total transaction of $130,520.00. Following the transaction, the chief financial officer now directly owns 372,226 shares of the company’s stock, valued at $3,737,149.04. The trade was a 3.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frances Spark sold 5,000 shares of AGNC Investment stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total transaction of $50,500.00. Following the transaction, the director now directly owns 75,919 shares in the company, valued at $766,781.90. This trade represents a 6.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.43% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On AGNC Investment

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. AlphaCore Capital LLC raised its stake in shares of AGNC Investment by 176.2% in the 4th quarter. AlphaCore Capital LLC now owns 69,946 shares of the real estate investment trust’s stock valued at $653,000 after acquiring an additional 44,624 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in AGNC Investment during the 4th quarter worth approximately $169,000. Public Employees Retirement System of Ohio grew its holdings in AGNC Investment by 3.7% during the 4th quarter. Public Employees Retirement System of Ohio now owns 286,609 shares of the real estate investment trust’s stock worth $2,640,000 after acquiring an additional 10,357 shares in the last quarter. Alpine Global Management LLC acquired a new position in AGNC Investment during the 4th quarter worth approximately $107,000. Finally, Fourth Dimension Wealth LLC acquired a new position in AGNC Investment during the 4th quarter worth approximately $26,000. 38.28% of the stock is owned by hedge funds and other institutional investors.

AGNC Investment Trading Up 0.3 %

Shares of AGNC Investment stock opened at $10.53 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23. The firm has a fifty day moving average price of $9.76 and a 200 day moving average price of $9.91. AGNC Investment has a 1 year low of $8.92 and a 1 year high of $10.85. The stock has a market cap of $9.32 billion, a PE ratio of 10.85 and a beta of 1.48.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. Equities research analysts predict that AGNC Investment will post 1.61 earnings per share for the current year.

AGNC Investment Dividend Announcement

The business also recently announced a feb 25 dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Friday, February 28th will be given a $0.12 dividend. The ex-dividend date is Friday, February 28th. This represents a dividend yield of 13.8%. AGNC Investment’s dividend payout ratio (DPR) is 148.45%.

AGNC Investment Company Profile

AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs).