AGNC Investment Corp (AGNC) – Analysts’ Weekly Ratings Changes

Several analysts have recently updated their ratings and price targets for AGNC Investment Corp (NASDAQ: AGNC):

  • 8/4/2017 – AGNC Investment Corp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “AGNC Investment reported second-quarter 2017 net spread and dollar roll income of $0.67 per share (excluding estimated "catch-up" premium amortization cost), comfortably beating the Zacks Consensus Estimate of $0.59. The prior-quarter figure was $0.64 per share. Moreover, second-quarter comprehensive income per common share came at $0.40, ahead of $0.35 recorded in the prior quarter. Also, year to date, AGNC Investment’s shares outperformed the industry it belongs to. The company’s efficient cost structure and portfolio repositioning efforts for hedging interest rate uncertainty augur well. Further, the acquisition of its external manager in last July has substantially lowered its operating costs. However, the widespread volatility in the market amid concerns over global economies and rate hike issues remain risks.”
  • 8/1/2017 – AGNC Investment Corp was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/31/2017 – AGNC Investment Corp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $24.00 price target on the stock. According to Zacks, “AGNC Investment reported second-quarter 2017 net spread and dollar roll income of $0.67 per share (excluding estimated "catch-up" premium amortization cost), comfortably beating the Zacks Consensus Estimate of $0.59. The prior-quarter figure was $0.64 per share. Moreover, second-quarter comprehensive income per common share came at $0.40, ahead of $0.35 recorded in the prior quarter. Also, year to date, AGNC Investment’s shares outperformed the industry it belongs to. The company’s efficient cost structure and portfolio repositioning efforts for hedging interest rate uncertainty augur well. Further, the acquisition of its external manager in last July has substantially lowered its operating costs. Also, However, the widespread volatility in the market amid concerns over global economies and rate hike issues pose concerns.”
  • 7/28/2017 – AGNC Investment Corp had its “hold” rating reaffirmed by analysts at Credit Suisse Group. They now have a $20.00 price target on the stock.
  • 7/27/2017 – AGNC Investment Corp had its “buy” rating reaffirmed by analysts at Maxim Group. They now have a $21.25 price target on the stock. They wrote, “AGNC reported 2Q17 comprehensive income of $0.40 per share, versus its dividend of $0.54, so tangible book value per share was down 0.3%, to $19.25 (aided by an accretive common equity raise). On the conference call, management was bullish on the investment environment for Agency mortgage REITs, judging the outlook for RMBS spreads as favorable (assuming that the Fed gradually tapers its RMBS reinvestments starting in late 2017) and the outlook for RMBS funding also as favorable (including AGNC increasing its use of direct funding through its captive broker-dealer Bethesda Securities). We lower our price target to $21.25, from $21.50, due to lower tangible book value and valuation.””
  • 7/24/2017 – AGNC Investment Corp was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/7/2017 – AGNC Investment Corp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Over the past three months, AGNC Investment’s shares outperformed the Zacks categorized REIT-Mortgage Trust industry.  In April, the company reported better-than-expected first-quarter 2017 results. The quarter witnessed relatively stable fixed income markets. The company’s efficient cost structure and portfolio repositioning efforts for hedging interest rate uncertainty augur well. Further, the acquisition of its external manager in last July has substantially lowered its operating costs. However, the widespread volatility in the market amid concerns over global economies and rate hike issues pose concerns.”
  • 7/4/2017 – AGNC Investment Corp had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $19.00 price target on the stock.
  • 6/30/2017 – AGNC Investment Corp was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/14/2017 – AGNC Investment Corp was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.

Shares of AGNC Investment Corp (NASDAQ AGNC) opened at 21.25 on Friday. The stock’s 50 day moving average price is $21.38 and its 200 day moving average price is $20.39. AGNC Investment Corp has a 52-week low of $17.30 and a 52-week high of $22.34. The company has a market capitalization of $7.56 billion, a P/E ratio of 4.45 and a beta of 0.20.

AGNC Investment Corp (NASDAQ:AGNC) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.07. AGNC Investment Corp had a return on equity of 0.95% and a net margin of 15.79%. The company had revenue of $181 million during the quarter, compared to analysts’ expectations of $203.44 million. During the same period last year, the business posted $0.73 EPS. AGNC Investment Corp’s revenue for the quarter was down 16.6% on a year-over-year basis. On average, equities research analysts forecast that AGNC Investment Corp will post $2.49 earnings per share for the current fiscal year.

The company also recently announced a jul 17 dividend, which was paid on Monday, August 7th. Investors of record on Monday, July 31st were issued a dividend of $0.18 per share. The ex-dividend date was Thursday, July 27th. AGNC Investment Corp’s dividend payout ratio (DPR) is 44.63%.

In related news, Director Morris A. Davis sold 3,741 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $20.80, for a total transaction of $77,812.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.47% of the company’s stock.

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).

Receive News & Ratings for AGNC Investment Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AGNC Investment Corp and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.