AGNC Investment Corp. (NASDAQ:AGNC) Receives $11.11 Consensus Price Target from Analysts

Shares of AGNC Investment Corp. (NASDAQ:AGNC) have been given a consensus recommendation of “Hold” by the eleven ratings firms that are currently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $11.1111.

A number of brokerages have issued reports on AGNC. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $11.50 target price (up from $11.00) on shares of AGNC Investment in a report on Friday, July 17th. Piper Sandler upped their target price on AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. Wells Fargo & Company cut their price target on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Keefe, Bruyette & Woods reduced their price objective on AGNC Investment from $12.00 to $11.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded AGNC Investment from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th.

AGNC Investment Price Performance

Shares of AGNC opened at $10.90 on Tuesday. The stock has a market capitalization of $12.92 billion, a PE ratio of 5.74 and a beta of 1.32. The business’s fifty day moving average price is $10.88 and its 200 day moving average price is $10.69. AGNC Investment has a 12-month low of $9.62 and a 12-month high of $12.19.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share 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 company had revenue of $305.00 million for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the prior year, the company earned ($0.17) earnings per share. As a group, 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 announced a monthly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 31st will be paid a $0.12 dividend. This represents a c) dividend on an annualized basis and a yield of 13.2%. The ex-dividend date is Monday, August 31st. AGNC Investment’s dividend payout ratio (DPR) is presently 75.79%.

Insider Activity

In other news, EVP Bernice Bell sold 5,000 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were 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 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 Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AGNC. Delta Asset Management LLC TN bought a new position in AGNC Investment in the 2nd quarter worth approximately $25,000. Danske Bank A S bought a new stake in AGNC Investment during the 2nd quarter valued at $26,000. Osbon Capital Management LLC bought a new stake in AGNC Investment during the 2nd quarter valued at $28,000. N.E.W. Advisory Services LLC acquired a new position in AGNC Investment during the 2nd quarter worth $28,000. Finally, Avion Wealth boosted 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 acquiring an additional 2,021 shares during the period. 38.28% of the stock is owned by institutional investors and hedge funds.

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.