AGNC Investment Corp. (NASDAQ:AGNC) Stock Has Consensus Price Target of $11.11

AGNC Investment Corp. (NASDAQ:AGNC) has received a consensus rating of “Hold” from the eleven analysts that are covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $11.11.

Several research firms have commented on AGNC. Weiss Ratings raised AGNC Investment from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $11.50 target price (up from $11.00) on shares of AGNC Investment in a research note on Friday, July 17th. Wells Fargo & Company dropped their target price on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Compass Point lowered AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price target on the stock. in a research report on Friday, July 17th. Finally, Piper Sandler upped their price target on AGNC Investment from $11.50 to $12.00 and gave the stock an “overweight” rating in a report on Thursday, July 2nd.

Insider Buying and Selling at AGNC Investment

In other news, EVP Bernice Bell sold 5,000 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $11.00, for a total value of $55,000.00. Following the completion of the transaction, the executive vice president directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On AGNC Investment

Institutional investors have recently added to or reduced their stakes in the company. Delta Asset Management LLC TN acquired a new stake in shares of AGNC Investment during the second quarter valued at about $25,000. Danske Bank A S purchased a new position in AGNC Investment in the second quarter valued at about $26,000. Avion Wealth grew its stake 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 valued at $27,000 after purchasing an additional 2,021 shares in the last quarter. MCF Advisors LLC grew its stake in AGNC Investment by 254.1% during the 2nd quarter. MCF Advisors LLC now owns 2,408 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 1,728 shares in the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new stake in AGNC Investment during the 2nd quarter worth approximately $28,000. Institutional investors and hedge funds own 38.28% of the company’s stock.

AGNC Investment Price Performance

Shares of AGNC stock opened at $9.62 on Friday. The stock has a market cap of $11.40 billion, a price-to-earnings ratio of 5.06 and a beta of 1.32. AGNC Investment has a fifty-two week low of $9.51 and a fifty-two week high of $12.19. The firm’s 50 day moving average price is $10.59 and its two-hundred day moving average price is $10.55.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.02. AGNC Investment had a net margin of 57.94% and a return on equity of 17.96%. The business had revenue of $305.00 million for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the business posted ($0.17) EPS. On average, equities analysts forecast that AGNC Investment will post 1.6 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 15.0%. The ex-dividend date of this dividend is Wednesday, September 30th. AGNC Investment’s payout ratio is presently 75.79%.

About AGNC Investment

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.