AGNC Investment Corp (AGNC) Receives Average Rating of “Hold” from Brokerages
Shares of AGNC Investment Corp (NASDAQ:AGNC) have received a consensus recommendation of “Hold” from the fourteen brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $19.90.
Several research analysts have issued reports on AGNC shares. Zacks Investment Research upgraded shares of AGNC Investment Corp from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Tuesday, May 2nd. Deutsche Bank AG lifted their price objective on shares of AGNC Investment Corp from $18.50 to $19.00 and gave the company a “buy” rating in a research note on Friday, April 28th. TheStreet upgraded shares of AGNC Investment Corp from a “d+” rating to a “c” rating in a research note on Wednesday, March 22nd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $19.50 price objective on shares of AGNC Investment Corp in a research note on Tuesday, May 30th. Finally, Wells Fargo & Co lowered shares of AGNC Investment Corp from an “outperform” rating to a “market perform” rating and set a $20.50 price objective for the company. in a research note on Tuesday, April 11th. They noted that the move was a valuation call.
In other AGNC Investment Corp news, Director Morris A. Davis sold 3,741 shares of AGNC Investment Corp stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $20.80, for a total transaction of $77,812.80. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.49% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of AGNC. Comerica Bank increased its position in shares of AGNC Investment Corp by 52.7% in the fourth quarter. Comerica Bank now owns 33,152 shares of the real estate investment trust’s stock worth $625,000 after buying an additional 11,442 shares during the period. Tredje AP fonden bought a new position in shares of AGNC Investment Corp during the fourth quarter worth $3,944,000. Elkfork Partners LLC bought a new position in shares of AGNC Investment Corp during the fourth quarter worth $129,000. Ancora Advisors LLC bought a new position in shares of AGNC Investment Corp during the fourth quarter worth $109,000. Finally, Quadrature Capital Ltd bought a new position in shares of AGNC Investment Corp during the fourth quarter worth $373,000. 56.79% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of AGNC Investment Corp (AGNC) opened at 21.16 on Friday. The company has a market cap of $7.00 billion, a P/E ratio of 4.85 and a beta of 0.14. AGNC Investment Corp has a 52 week low of $17.30 and a 52 week high of $21.42. The firm has a 50-day moving average of $20.50 and a 200 day moving average of $19.47.
AGNC Investment Corp (NASDAQ:AGNC) last released its quarterly earnings results on Wednesday, April 26th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.05. AGNC Investment Corp had a net margin of 67.21% and a return on equity of 10.64%. The firm had revenue of $198 million during the quarter, compared to analyst estimates of $227.90 million. During the same quarter last year, the business earned $0.52 EPS. Equities analysts anticipate that AGNC Investment Corp will post $2.43 earnings per share for the current fiscal year.
The company also recently disclosed a monthly dividend, which was paid on Thursday, June 8th. Shareholders of record on Wednesday, May 31st were issued a dividend of $0.18 per share. This represents a $2.16 dividend on an annualized basis and a yield of 10.21%. The ex-dividend date was Friday, May 26th. AGNC Investment Corp’s dividend payout ratio is 118.68%.
AGNC Investment Corp 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).
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