AGNC Investment Corp. (NASDAQ:AGNC) Receives $9.79 Average PT from Brokerages

AGNC Investment Corp. (NASDAQ:AGNC) has received an average recommendation of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $9.79.

AGNC has been the subject of a number of research analyst reports. Jonestrading decreased their price target on AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. StockNews.com raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, March 12th. Barclays raised their price target on shares of AGNC Investment from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Monday, January 22nd. Keefe, Bruyette & Woods lowered their price objective on shares of AGNC Investment from $10.00 to $9.50 and set an “outperform” rating for the company in a research report on Wednesday, April 24th. Finally, JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research note on Thursday, April 18th.

Insider Activity

In related news, Director Frances Spark sold 5,000 shares of the company’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $9.35, for a total transaction of $46,750.00. Following the completion of the sale, the director now directly owns 75,545 shares in the company, valued at approximately $706,345.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AGNC. MeadowBrook Investment Advisors LLC acquired a new stake in AGNC Investment in the fourth quarter worth about $30,000. Bruce G. Allen Investments LLC acquired a new stake in shares of AGNC Investment during the fourth quarter worth $37,000. Verity & Verity LLC purchased a new stake in shares of AGNC Investment during the first quarter valued at $45,000. CENTRAL TRUST Co acquired a new position in shares of AGNC Investment in the 4th quarter valued at $46,000. Finally, Allworth Financial LP raised its stake in AGNC Investment by 76.5% in the 4th quarter. Allworth Financial LP now owns 4,836 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 2,096 shares during the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

AGNC Investment Trading Up 1.1 %

Shares of AGNC opened at $9.25 on Friday. The company’s fifty day simple moving average is $9.54 and its 200-day simple moving average is $9.27. The company has a market cap of $6.43 billion, a P/E ratio of 10.16 and a beta of 1.45. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.01. AGNC Investment has a twelve month low of $6.81 and a twelve month high of $10.64.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. AGNC Investment had a net margin of 32.12% and a return on equity of 27.92%. The company had revenue of $642.00 million for the quarter, compared to analyst estimates of $568.38 million. During the same period in the prior year, the company posted $0.70 EPS. As a group, analysts expect that AGNC Investment will post 2.1 EPS for the current year.

AGNC Investment Announces Dividend

The firm also recently announced a apr 24 dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.12 per share. This represents a yield of 15.4%. The ex-dividend date of this dividend is Monday, April 29th. AGNC Investment’s dividend payout ratio (DPR) is 158.24%.

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).