Several other analysts have also recently weighed in on AGNC. Zacks Investment Research raised AGNC Investment from a sell rating to a hold rating in a research report on Tuesday, March 19th. Nomura initiated coverage on AGNC Investment in a research report on Wednesday, March 27th. They set a neutral rating and a $18.00 price objective on the stock. ValuEngine cut AGNC Investment from a hold rating to a sell rating in a research report on Thursday, April 25th. Finally, TheStreet raised AGNC Investment from a d+ rating to a c rating in a research report on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. AGNC Investment has a consensus rating of Hold and a consensus target price of $18.60.
AGNC Investment stock opened at $16.88 on Wednesday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.03. The company has a market cap of $9.05 billion, a price-to-earnings ratio of 7.18, a PEG ratio of 2.79 and a beta of 0.22. AGNC Investment has a fifty-two week low of $16.19 and a fifty-two week high of $19.72.
The business also recently declared a jun 19 dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 28th will be given a $0.16 dividend. The ex-dividend date is Thursday, June 27th. AGNC Investment’s dividend payout ratio is currently 81.70%.
In related news, CEO Gary D. Kain purchased 7,500 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were purchased at an average cost of $17.01 per share, with a total value of $127,575.00. Following the transaction, the chief executive officer now directly owns 1,300 shares in the company, valued at approximately $22,113. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Gary D. Kain purchased 97,802 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was bought at an average cost of $17.73 per share, for a total transaction of $1,734,029.46. Following the completion of the transaction, the chief executive officer now owns 1,300 shares in the company, valued at $23,049. The disclosure for this purchase can be found here. Insiders own 0.30% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in AGNC. Global Retirement Partners LLC lifted its position in AGNC Investment by 276.9% in the 1st quarter. Global Retirement Partners LLC now owns 1,568 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 1,152 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in AGNC Investment by 64.6% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,125 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 834 shares in the last quarter. Prime Capital Investment Advisors LLC bought a new position in AGNC Investment in the 4th quarter valued at approximately $45,000. Harvest Group Wealth Management LLC bought a new position in AGNC Investment in the 1st quarter valued at approximately $49,000. Finally, Westside Investment Management Inc. bought a new position in AGNC Investment in the 4th quarter valued at approximately $53,000. 68.40% of the stock is currently owned by institutional investors and hedge funds.
AGNC Investment Company Profile
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).
Read More: Why is Cost of Capital Important?
Receive News & Ratings for AGNC Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AGNC Investment and related companies with MarketBeat.com's FREE daily email newsletter.