JMP Securities Reaffirms “Market Perform” Rating for AGNC Investment (NASDAQ:AGNC)

JMP Securities reaffirmed their market perform rating on shares of AGNC Investment (NASDAQ:AGNC) in a research note published on Thursday morning, Benzinga reports.

AGNC has been the subject of several other reports. Jonestrading began coverage on AGNC Investment in a research report on Friday, March 22nd. They issued a buy rating and a $10.75 price objective for the company. StockNews.com upgraded AGNC Investment from a sell rating to a hold rating in a research report on Tuesday, March 12th. Compass Point began coverage on AGNC Investment in a research report on Tuesday, February 20th. They issued a buy rating and a $10.25 price objective for the company. Royal Bank of Canada decreased their price objective on AGNC Investment from $11.00 to $10.00 and set an outperform rating for the company in a research report on Thursday, January 25th. Finally, Barclays boosted their price objective on AGNC Investment from $8.00 to $9.00 and gave the company an equal weight rating in a research report on Monday, January 22nd. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, AGNC Investment presently has a consensus rating of Moderate Buy and an average target price of $9.93.

AGNC Investment Price Performance

Shares of AGNC stock opened at $9.06 on Thursday. The stock has a 50-day moving average price of $9.56 and a 200 day moving average price of $9.25. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.01. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 906.91 and a beta of 1.45. AGNC Investment has a 12 month low of $6.81 and a 12 month high of $10.64.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, January 29th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.11. The company had revenue of $640.00 million during the quarter, compared to analyst estimates of $570.42 million. AGNC Investment had a return on equity of 28.02% and a net margin of 7.59%. During the same period in the previous year, the company earned $0.74 EPS. Research analysts expect that AGNC Investment will post 2.16 EPS for the current year.

AGNC Investment Announces Dividend

The business also recently declared a apr 24 dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 30th will be given a $0.12 dividend. This represents a dividend yield of 15.4%. The ex-dividend date of this dividend is Monday, April 29th. AGNC Investment’s payout ratio is currently 14,414.41%.

Insider Buying and Selling

In related news, CFO Bernice Bell sold 10,000 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $9.85, for a total value of $98,500.00. Following the sale, the chief financial officer now directly owns 287,282 shares of the company’s stock, valued at $2,829,727.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.52% of the stock is owned by company insiders.

Institutional Trading of AGNC Investment

Hedge funds have recently made changes to their positions in the company. Coppell Advisory Solutions Corp. acquired a new stake in shares of AGNC Investment during the fourth quarter valued at about $27,000. Coppell Advisory Solutions LLC acquired a new stake in shares of AGNC Investment during the second quarter valued at about $29,000. Worth Asset Management LLC acquired a new stake in shares of AGNC Investment during the first quarter valued at about $35,000. MeadowBrook Investment Advisors LLC acquired a new stake in shares of AGNC Investment during the fourth quarter valued at about $30,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of AGNC Investment by 128.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,580 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 2,015 shares in the last quarter. 38.28% of the stock is 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).