AGNC Investment (AGNC) Downgraded by ValuEngine to Hold

ValuEngine lowered shares of AGNC Investment (NASDAQ:AGNC) from a buy rating to a hold rating in a research report report published on Friday morning.

AGNC has been the subject of several other research reports. Zacks Investment Research cut AGNC Investment from a buy rating to a hold rating in a research note on Wednesday. BidaskClub cut AGNC Investment from a sell rating to a strong sell rating in a research note on Friday, January 19th. Barclays decreased their price target on AGNC Investment from $21.00 to $20.00 and set an equal weight rating for the company in a research note on Friday, February 2nd. Bank of America raised AGNC Investment from an underperform rating to a neutral rating in a research note on Thursday, February 1st. Finally, Maxim Group reissued a buy rating and issued a $21.25 price target on shares of AGNC Investment in a research note on Thursday, February 1st. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $19.96.

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Shares of AGNC opened at $18.95 on Friday. AGNC Investment has a 12-month low of $17.84 and a 12-month high of $22.34. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $7,376.32, a price-to-earnings ratio of 7.70 and a beta of -0.06.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. The company had revenue of $212.00 million during the quarter, compared to analysts’ expectations of $204.32 million. AGNC Investment had a return on equity of 11.89% and a net margin of 86.72%. During the same quarter in the prior year, the firm posted $0.64 earnings per share. research analysts forecast that AGNC Investment will post 2.41 earnings per share for the current fiscal year.

The firm also recently announced a mar 18 dividend, which will be paid on Monday, April 9th. Investors of record on Thursday, March 29th will be paid a dividend of $0.18 per share. The ex-dividend date is Wednesday, March 28th. This represents a yield of 11.49%. AGNC Investment’s dividend payout ratio is currently 87.80%.

In related news, CFO Peter J. Federico sold 13,500 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $18.54, for a total transaction of $250,290.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.40% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. APG Asset Management N.V. boosted its holdings in AGNC Investment by 25.2% in the fourth quarter. APG Asset Management N.V. now owns 15,619,403 shares of the real estate investment trust’s stock worth $262,621,000 after acquiring an additional 3,147,560 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in AGNC Investment by 208.2% in the fourth quarter. Two Sigma Advisers LP now owns 3,349,923 shares of the real estate investment trust’s stock worth $67,635,000 after acquiring an additional 2,262,868 shares in the last quarter. State Treasurer State of Michigan boosted its holdings in AGNC Investment by 26.2% in the fourth quarter. State Treasurer State of Michigan now owns 9,605,800 shares of the real estate investment trust’s stock worth $193,941,000 after acquiring an additional 1,991,800 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in AGNC Investment by 33.3% in the third quarter. Janus Henderson Group PLC now owns 2,672,335 shares of the real estate investment trust’s stock worth $57,936,000 after acquiring an additional 668,185 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its holdings in AGNC Investment by 1,193.7% in the third quarter. Asset Management One Co. Ltd. now owns 666,749 shares of the real estate investment trust’s stock worth $14,449,000 after acquiring an additional 615,210 shares in the last quarter. 67.86% of the stock is owned by institutional investors and hedge funds.

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About AGNC Investment

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).

Analyst Recommendations for AGNC Investment (NASDAQ:AGNC)

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