Brokerages Set AGNC Investment Corp. (NASDAQ:AGNC) Price Target at $11.03

AGNC Investment Corp. (NASDAQ:AGNC) has received a consensus rating of “Hold” from the eleven research firms that are presently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $11.0313.

A number of analysts recently weighed in on the stock. Royal Bank Of Canada upped their price target on shares of AGNC Investment from $11.00 to $13.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $12.00 price objective (up from $11.00) on shares of AGNC Investment in a research report on Thursday, January 29th. JonesTrading cut AGNC Investment from a “buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Barclays upped their target price on AGNC Investment from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. Finally, Wall Street Zen lowered AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, December 27th.

AGNC Investment Trading Down 0.9%

NASDAQ AGNC opened at $10.54 on Tuesday. The firm has a market capitalization of $11.69 billion, a price-to-earnings ratio of 7.53 and a beta of 1.37. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.21 and a current ratio of 0.21. AGNC Investment has a one year low of $7.85 and a one year high of $12.19. The company’s 50 day moving average price is $11.35 and its 200 day moving average price is $10.60.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Monday, January 26th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.02). AGNC Investment had a return on equity of 18.32% and a net margin of 47.40%.The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $354.75 million. On average, sell-side analysts predict that AGNC Investment will post 1.61 EPS for the current year.

AGNC Investment Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Friday, February 27th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a c) annualized dividend and a yield of 13.7%. AGNC Investment’s dividend payout ratio (DPR) is 102.86%.

Insider Activity

In other news, EVP Bernice Bell sold 25,000 shares of the business’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $12.14, for a total transaction of $303,500.00. Following the transaction, the executive vice president directly owned 491,728 shares of the company’s stock, valued at approximately $5,969,577.92. The trade was a 4.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gary D. Kain sold 700,000 shares of the company’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $11.91, for a total transaction of $8,337,000.00. Following the completion of the transaction, the director owned 2,189,091 shares of the company’s stock, valued at $26,072,073.81. This trade represents a 24.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 775,000 shares of company stock worth $9,246,000 over the last 90 days. Company insiders own 0.42% of the company’s stock.

Hedge Funds Weigh In On AGNC Investment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AGNC. GoalVest Advisory LLC purchased a new stake in shares of AGNC Investment during the fourth quarter worth about $26,000. Atlantic Union Bankshares Corp purchased a new position in AGNC Investment in the third quarter valued at about $29,000. Sound Income Strategies LLC grew its stake in AGNC Investment by 61.1% during the 4th quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,048 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in AGNC Investment during the 4th quarter worth approximately $33,000. Finally, National Bank of Canada FI increased its holdings in AGNC Investment by 100.9% during the 3rd quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,690 shares during the last quarter. 38.28% of the stock is owned by hedge funds and other institutional investors.

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.