AGNC Investment (NASDAQ:AGNC) Stock Gets Price Target Trim from Royal Bank Of Canada

AGNC Investment (NASDAQ:AGNC) had its price objective decreased by Royal Bank Of Canada from $12.00 to $10.00 in a research note released on Wednesday, Marketbeat.com reports. Royal Bank Of Canada currently has an outperform rating on the real estate investment trust’s stock.

A number of other brokerages have also commented on AGNC. Wells Fargo & Company lowered their price objective on AGNC Investment from $11.00 to $10.00 and set an “overweight” rating on the stock in a report on Wednesday. Keefe, Bruyette & Woods reduced their target price on AGNC Investment from $12.00 to $11.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. Wall Street Zen cut AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 17th. Piper Sandler decreased their target price on AGNC Investment from $12.00 to $10.00 and set an “overweight” rating for the company in a research report on Friday, October 9th. Finally, Compass Point downgraded AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price target on the stock. in a report on Friday, July 17th. Three equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.12.

AGNC Investment Trading Down 0.6%

Shares of NASDAQ:AGNC opened at $8.84 on Wednesday. The stock has a market capitalization of $10.48 billion, a PE ratio of 884.88 and a beta of 1.36. AGNC Investment has a 1 year low of $8.38 and a 1 year high of $12.19. The firm has a fifty day moving average price of $9.79 and a 200 day moving average price of $10.36.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, October 19th. The real estate investment trust reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. AGNC Investment had a return on equity of 18.74% and a net margin of 2.45%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.06 billion. On average, sell-side analysts forecast that AGNC Investment will post 1.59 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 30th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.44 dividend on an annualized basis and a yield of 16.3%. AGNC Investment’s payout ratio is currently 14,400.00%.

Insider Transactions at AGNC Investment

In other news, EVP Bernice Bell sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total value of $55,000.00. Following the sale, the executive vice president directly owned 406,947 shares of the company’s stock, valued at approximately $4,476,417. This trade represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On AGNC Investment

Several large investors have recently made changes to their positions in the business. Simplicity Wealth LLC boosted its stake in AGNC Investment by 18.4% during the 3rd quarter. Simplicity Wealth LLC now owns 252,799 shares of the real estate investment trust’s stock valued at $2,293,000 after purchasing an additional 39,316 shares during the period. Sowell Financial Services LLC grew its holdings in AGNC Investment by 2.8% in the 3rd quarter. Sowell Financial Services LLC now owns 274,300 shares of the real estate investment trust’s stock valued at $2,488,000 after buying an additional 7,357 shares during the last quarter. Evergreen Capital Management LLC increased its position in AGNC Investment by 4.3% in the 3rd quarter. Evergreen Capital Management LLC now owns 609,442 shares of the real estate investment trust’s stock worth $5,600,000 after buying an additional 25,081 shares during the period. Gibbs Wealth Management increased its position in AGNC Investment by 31.1% in the 3rd quarter. Gibbs Wealth Management now owns 17,416 shares of the real estate investment trust’s stock worth $158,000 after buying an additional 4,129 shares during the period. Finally, Inspire Investing LLC increased its position in AGNC Investment by 93.7% in the 3rd quarter. Inspire Investing LLC now owns 112,241 shares of the real estate investment trust’s stock worth $1,018,000 after buying an additional 54,303 shares during the period. Institutional investors and hedge funds own 38.28% of the company’s stock.

AGNC Investment Company Profile

AGNC Investment Corp. is a real estate investment trust (REIT) that invests primarily in residential mortgage pass-through securities and collateralized mortgage obligations for which principal and interest payments are guaranteed by a U.S. government-sponsored enterprise or a U.S. government agency. These investments are commonly referred to as agency mortgage-backed securities.

The company seeks to generate income through the difference between the yield on its investment portfolio and its borrowing costs, while managing interest-rate, prepayment and other market risks.