AGNC Investment’s (AGNC) “Neutral” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their neutral rating on shares of AGNC Investment (NASDAQ:AGNC) in a research report released on Friday, MarketBeat.com reports. They currently have a $11.50 price target on the real estate investment trust’s stock, up from their previous price target of $11.00.

A number of other research analysts have also commented on AGNC. Wall Street Zen upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Royal Bank Of Canada reiterated an “outperform” rating and set a $12.00 target price on shares of AGNC Investment in a research note on Friday, April 24th. Piper Sandler raised their price target on AGNC Investment from $11.50 to $12.00 and gave the stock an “overweight” rating in a report on Thursday, July 2nd. UBS Group raised their price target on AGNC Investment from $10.50 to $11.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of AGNC Investment in a research report on Wednesday, June 24th. Three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.33.

AGNC Investment Stock Performance

Shares of AGNC opened at $11.22 on Friday. The company’s 50 day simple moving average is $10.59 and its 200-day simple moving average is $10.82. The firm has a market cap of $12.88 billion, a PE ratio of 9.27 and a beta of 1.31. AGNC Investment has a 12-month low of $9.11 and a 12-month high of $12.19.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, April 20th. The real estate investment trust reported $0.42 EPS for the quarter, beating the consensus estimate of $0.36 by $0.06. The firm had revenue of ($114.00) million during the quarter, compared to the consensus estimate of $411.57 million. AGNC Investment had a net margin of 39.50% and a return on equity of 18.31%. As a group, equities research analysts forecast that AGNC Investment will post 1.57 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, August 11th. Investors of record on Friday, July 31st will be given a $0.12 dividend. This represents a c) dividend on an annualized basis and a yield of 12.8%. The ex-dividend date is Friday, July 31st. AGNC Investment’s dividend payout ratio (DPR) is 119.01%.

Insider Buying and Selling at AGNC Investment

In other news, CEO Peter J. Federico sold 64,412 shares of the firm’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $11.08, for a total value of $713,684.96. Following the completion of the sale, the chief executive officer owned 1,927,083 shares in the company, valued at approximately $21,352,079.64. This trade represents a 3.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Donna Blank sold 22,000 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $10.78, for a total transaction of $237,160.00. Following the completion of the sale, the director owned 96,471 shares of the company’s stock, valued at $1,039,957.38. This trade represents a 18.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 215,234 shares of company stock worth $2,364,022 over the last three months. 0.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. GoalVest Advisory LLC acquired a new stake in AGNC Investment in the fourth quarter valued at about $26,000. Avion Wealth boosted its holdings in AGNC Investment by 286.3% in the 1st quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 2,021 shares in the last quarter. Sound Income Strategies LLC increased its position in AGNC Investment by 61.1% during the 4th quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,048 shares during the period. Flagship Harbor Advisors LLC acquired a new position in AGNC Investment during the 4th quarter worth approximately $33,000. Finally, National Bank of Canada FI increased its position in AGNC Investment by 100.9% during the 3rd quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,690 shares during the period. 38.28% of the stock is currently owned by institutional investors and hedge funds.

About AGNC Investment

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.