AGNC Investment Corp. (AGNC) – What Are Researchers Thinking About This Stock?

Shares of AGNC Investment Corp. (NASDAQ:AGNC) have earned an average rating of “Hold” from the eleven research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $10.12.

AGNC has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods cut their price objective on shares of AGNC Investment from $12.00 to $11.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. Wells Fargo & Company lowered their target price on shares of AGNC Investment from $11.00 to $10.00 and set an “overweight” rating on the stock in a report on Wednesday, October 21st. Wall Street Zen downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 17th. Weiss Ratings lowered shares of AGNC Investment from a “hold (c+)” rating to a “sell (d+)” rating in a research report on Friday, October 30th. Finally, JPMorgan Chase & Co. upped their target price on shares of AGNC Investment from $8.00 to $8.50 and gave the stock a “neutral” rating in a research report on Friday, October 23rd.

Insider Buying and Selling

In other AGNC Investment news, CEO Peter Federico sold 67,794 shares of the stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $8.87, for a total transaction of $601,332.78. Following the completion of the transaction, the chief executive officer owned 1,846,083 shares of the company’s stock, valued at $16,374,756.21. This represents a 3.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AGNC Investment

Several large investors have recently made changes to their positions in AGNC. Jump Financial LLC bought a new position in AGNC Investment during the third quarter valued at approximately $103,000. FORA Capital LLC grew its holdings in AGNC Investment by 131.6% during the 3rd quarter. FORA Capital LLC now owns 220,143 shares of the real estate investment trust’s stock valued at $1,994,000 after buying an additional 125,097 shares in the last quarter. Pathstone Holdings LLC grew its holdings in AGNC Investment by 5.4% during the 3rd quarter. Pathstone Holdings LLC now owns 254,495 shares of the real estate investment trust’s stock valued at $2,334,000 after buying an additional 13,129 shares in the last quarter. Kovack Advisors Inc. increased its stake in AGNC Investment by 11.2% in the 3rd quarter. Kovack Advisors Inc. now owns 272,346 shares of the real estate investment trust’s stock worth $2,438,000 after acquiring an additional 27,423 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in AGNC Investment by 15.0% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 213,598 shares of the real estate investment trust’s stock worth $1,937,000 after acquiring an additional 27,921 shares during the last quarter. 38.28% of the stock is owned by institutional investors.

AGNC Investment Price Performance

Shares of NASDAQ:AGNC traded up $0.03 during trading on Friday, hitting $8.23. 30,529,519 shares of the company’s stock were exchanged, compared to its average volume of 26,679,190. AGNC Investment has a 52-week low of $8.04 and a 52-week high of $12.19. The business’s 50-day simple moving average is $9.15 and its 200 day simple moving average is $10.34. The company has a market cap of $10.48 billion, a price-to-earnings ratio of 823.82 and a beta of 1.40.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Monday, October 19th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37. AGNC Investment had a return on equity of 18.74% and a net margin of 2.45%. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.06 billion. On average, sell-side analysts anticipate that AGNC Investment will post 1.56 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 9th. Shareholders of record on Monday, November 30th will be paid a $0.12 dividend. The ex-dividend date is Monday, November 30th. This represents a $1.44 annualized dividend and a yield of 17.5%. AGNC Investment’s payout ratio is presently 14,400.00%.

AGNC Investment Company Profile

AGNC Investment Corp. is a mortgage real estate investment trust that focuses primarily on investing in agency residential mortgage-backed securities. These securities are backed by mortgages and carry guarantees or support from U.S. government agencies or government-sponsored enterprises. The company’s portfolio includes mortgage pass-through securities and collateralized mortgage obligations. AGNC finances its investments and uses hedging strategies to manage risks associated with interest rates and mortgage markets.